Richemont Sells Leather-Goods Brand Lancel to Piquadro
June 04 2018 - 2:10AM
Dow Jones News
By Max Bernhard
Compagnie Financiere Richemont SA (CFR.EB) said Monday that it
has sold its French leather-goods subsidiary Lancel to Italian
company Piquadro SpA (PQ.MI), which makes high-end brief cases and
leather bags.
The Swiss luxury-goods conglomerate said the deal will have no
material impact on its balance sheet, cash flow or results for the
fiscal year ending March 2019.
It didn't disclose any financial details of the deal.
Write to Max Bernhard at max.bernhard@dowjones.com;
@mxbernhard
(END) Dow Jones Newswires
June 04, 2018 01:55 ET (05:55 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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