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The owner of Cartier, Piaget, Chloe and Montblanc saw an uptick in US and European sales, as well as smaller declines in China.
The deal is expected to close in the first half of 2025.
As well as speaking on owning a “very minor” stake in Richemont.
“We’re in constant dialogue and we respect each other’s independence.”
Richemont, which owns Cartier, also controls maisons like Chloé and watchmakers like Roger Dubuis.
Giving Farfetch the opportunity to acquire the remaining shares.
Temporarily closing hundreds of luxury boutiques in the country.
Due to YNAP’s recent loss-making status, its long-time rival allegedly appears as a stronger investment.
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