Swiss-and Johannesburg-listed luxury goods group Richemont is scheduled to release its results for the year to end-March on Friday morning. On Thursday, Richemont announced acceptance of its buyout offer for Milan-listed online retailer YNAP had exceeded the 90% minimum required for the deal to proceed. Richemont announced a lot of management changes during its 2018 financial year. Its most recent announcement was the resignation of its chief technology officer Jean-Jacques van Oosten following the announcement of his appointment in September. "Richemont’s new board and management team bring diverse skill sets which are relevant to the challenges our business is facing. They are focused on defining the group’s transformation agenda to meet the rapidly changing demands of luxury consumers," chairman Johann Rupert said in the interim results statement. Richemont has not issued a trading statement as would be required if its earnings differed by more than 20%. It did release a December...
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