© Reuters. FILE PHOTO: The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse
ZURICH (Reuters) – Richemont reported on Friday a shareholders net loss of 760 million euros ($776.72 million) during the first half of its financial year after the luxury group took a 2.7 billion euro charge related to its part exit from online fashion retailer YOOX Net-A-Porter (YNAP).
The owner of Cartier jewellery saw its net profit plunge during the end of September, down from 1.23 billion euros a year earlier, after taking the non-cash charge from writing down the value of its YNAP investment.
($1 = 0.9785 euros)
Be the first to comment