Richemont cuts six Montblanc jobs and Richemont stock costs EUR 182.55

Published on 10/12/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter sales rose 17.00 percent to EUR 6.3 billion in fiscal 2026/27. Richemont stock costs EUR 182.55 on October 12, 2026.

Key points in brief

Richemont confirmed six Montblanc redundancies and 17 transfers on October 9, 2026.
First-quarter fiscal 2026/27 sales rose 17.00 percent to EUR 6.3 billion.
Goldman Sachs began coverage with a Buy rating and a CHF 225.00 price target on October 5, 2026.
Richemont stock was trading at EUR 182.55 at Lang & Schwarz on October 12, 2026 at 10:35 a.m. CEST.

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Richemont (ISIN CH0210483332) had cut six Montblanc jobs and arranged 17 employee transfers by October 9, 2026, while Richemont stock was trading at EUR 182.55 at Lang & Schwarz on October 12, 2026 at 10:35 a.m. CEST. Swissinfo reported that six of Montblanc's 45 employees were made redundant and that 23 had accepted or were negotiating transfers.

What does Montblanc reveal about demand?

The staffing move highlights the uneven recovery inside Richemont's watch portfolio. The Montblanc changes followed weaker demand for entry-level and mid-range watches, while the group's first-quarter fiscal 2026/27 sales rose 17.00 percent to EUR 6.3 billion and watch brands grew 6.00 percent to EUR 873.0 million, according to Swissinfo.

Jewelry remains the stronger operating engine in that comparison. Richemont's investor materials list FY26 sales of EUR 22.4 billion, operating profit of EUR 4.5 billion and operating cash flow of EUR 4.9 billion, giving the latest quarterly watch performance a clear place within a larger luxury portfolio, per Richemont.

Three dates frame Richemont stock

On July 15, 2026, Richemont reported first-quarter sales of EUR 6.3 billion, up 17.00 percent year over year. On October 5, 2026, Investing.com reported that Goldman Sachs initiated coverage with a Buy rating and a CHF 225.00 price target. On October 9, 2026, Swissinfo reported six Montblanc redundancies and 17 transfers.

What comes next for the group?

Richemont's next substantiated reporting date is November 13, 2026, when the company is scheduled to announce its fiscal 2026/27 interim results for the six months ended September 30, 2026, according to the company's results calendar. That release will test whether the 17.00 percent first-quarter sales increase extended into the half year and whether watch growth continued alongside jewelry demand.

Richemont stock trades at a live euro quote

Richemont stock was trading at EUR 182.55 at Lang & Schwarz on October 12, 2026 at 10:35 a.m. CEST. The latest structured quote for the SIX listing was CHF 170.45 at 8:23 a.m. UTC on October 12, 2026, while the market capitalization stood at CHF 100.2 billion and the 52-week range was CHF 127.20 to CHF 202.20.

The further course of trading is shown by the continuously updated real-time quote of Richemont stock.