Richemont appoints Novitskaya to lead Delvaux as Richemont stock faces results

Richemont stock stood at CHF 174.65 on the SIX Swiss Exchange on October 1, 2026 at 1:03 p.m. CEST, with a 52-week range of CHF 127.20 to CHF 202.20. Richemont announced on September 28, 2026 that Yanina Novitskaya will become Delvaux chief executive officer on December 1, 2026.

Delvaux gets a Cartier veteran

Novitskaya spent 19 years at Cartier, most recently leading its Southeast Asia and Oceania business, and will report to Philippe Fortunato, Richemont's chief executive for Fashion and Accessories Maisons. The appointment gives Richemont a leadership change at a specialist leather-goods house while preserving a direct link to the group's strongest jewelry brand.

The Delvaux appointment arrives before Richemont's next interim results, which are expected on November 13, 2026. The date was reported alongside the latest analyst review by finanzen.ch.

Jewelry growth remains the key metric

GlobeNewswire identifies Richemont's first quarter of fiscal 2027, ended June 30, 2026, as a period in which sales increased 20 percent at constant exchange rates. Jewelry Maisons grew 24 percent in that quarter, giving investors a concrete measure of the gap between jewelry and specialist watches.

Richemont's investor page reports fiscal 2026 sales of EUR 22.4 billion, operating profit of EUR 4.5 billion, operating cash flow of EUR 4.9 billion and net cash of EUR 8.5 billion. The page also states that 77 percent of sales were direct to end clients, a channel mix that makes brand demand and boutique productivity central to the November report.

JPMorgan lifts its target

According to finanzen.ch on September 29, 2026, JPMorgan raised its Richemont target from CHF 220.00 to CHF 235.00 and retained an Overweight rating. A separate September review by finanzen.ch counted five analyst views, with four Buy ratings, one Hold rating and an average target of CHF 221.00.

SIX shares stay below the yearly high

At CHF 174.65 on October 1, 2026, Richemont was 13.62 percent below its CHF 202.20 52-week high on the SIX Swiss Exchange. The combination of a leadership transition at Delvaux, 20 percent first-quarter constant-rate sales growth and a higher JPMorgan target puts the November 13 results date at the center of the next valuation test.