0952 GMT - Richemont's results show the strength of the group's leading brands, Cartier and Van Cleef & Arpels, Morgan Stanley analysts write in a research note. For the fourth quarter of fiscal 2025, the Swiss company posted sales growth of 11% at constant rates for its core jewelry division, which houses its two main brands. "This is a solid release from Richemont today and we expect it will be taken well by investors, particularly given the softening demand so far this calendar year," the analysts say. Shares are up 6.7% at 165.25 Swiss francs. (andrea.figueras@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 05:52 ET (09:52 GMT)
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