Chris Walker's questions to COMPAGNIE FINANCIERE RICHEMONT AG /FI (CFRUY) leadership • Q2 2016
Question
Chris Walker asked about the company's strategic learnings from recent market volatility, including its gateway city and flagship refit strategies, and inquired about the performance and outlook for the online channel.
Answer
CFO Gary Saage stated that the company's long-term investment in Mainland China is now paying off with a return to growth. The retail strategy remains focused on gateway cities and return on assets. He confirmed a desire to fund brand-enhancing projects like refits. Mr. Saage also noted that the online channel continues to grow at 'substantial double-digit rates' and is expanding into new markets.