richemont news and archive.

Management

Richemont first quarter sales increase 12 percent

Prachi SinghJuly 18, 2019

Sales at Compagnie Financière Richemont SA for the first quarter increased by 12 percent at actual exchange and 9 percent at constant exchange to 3,740 milli

Management

Richemont net profit jumps on one off gain, sales rise 27 percent

Prachi SinghMay 17, 2019

Sales at Compagnie Financière Richemont SA, for the year ended March 31, 2019, increased by 27 percent to 13.99 billion euros (15.63 billion dollars) at actu

Fashion

What to expect in fashion news from week 20, 2019

FashionUnitedMay 13, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 20th week of the year. Below

Business

Net-a-Porter revamps content strategy

Kristopher FraserMay 10, 2019

Net-a-Porter has announced they will be reducing the frequency of Porter magazine to twice a year and will be making investments into video and podcasts. Th

Management

YNAP and Watchfinder boost Richemont's Q3 revenues

Prachi SinghJanuary 11, 2019

In the three month period ended December 31, 2018, Compagnie Financière Richemont SA said that with the consolidation of YNAP and Watchfinder regrouped for t

Fashion

Richemont joins Alibaba in the fight against counterfeiting

Robyn TurkDecember 21, 2018

Luxury groups are fighting back against counterfeiting, a major industry-wide dilemma that causes billions of dollars in damages each year. Alibaba started an

Management

YNAP acquisition boosts Richemont's first half results

Prachi SinghNovember 9, 2018

In the six month period, sales at Compagnie Financière Richemont SA increased by 21 percent at actual exchange rates and by 24 percent at constant exchange r

Report

Richemont and Alibaba partner to launch retail platform in China

Prachi SinghOctober 26, 2018

Richemont and Alibaba Group have announced a global strategic partnership to bring the retail offerings of Yoox Net-A-Porter Group (YNAP), to Chinese consumer

Business

Second hand fashion set to become a bigger market than luxury by 2022

Marjorie van ElvenOctober 23, 2018

Buying second hand clothes is nothing new, but the sector has been growing considerably thanks to the Internet. The second hand market generated 360 billi

Business

Richemont partners up with Galeries Lafayette’s startup accelerator program

Marjorie van ElvenOctober 18, 2018

Compagnie Financière Richemont, which owns 17 luxury brands including Montblanc, Cartier and Chloé, has signed a partnership with Lafayette Plug and Play,

Management

Alfred Dunhill wins major trademark victory in China

Huw HughesOctober 10, 2018

*British luxury goods brand Alfred Dunhill has announced today that it has won a major victory in a long-running trademark battle in China. The brand has been

Business

Montblanc ditches Marcolin in favor of Kering Eyewear in licensing deal

Marjorie van ElvenJuly 25, 2018

*Montblanc (Richemont) has entered a licensing agreement with Kering Eyewear, allowing it to develop, manufacture and distribute glasses and sunglasses carryi

Report

Richemont proposes election of Sophie Guieysse to its board of directors

Prachi SinghJuly 17, 2018

The Swiss luxury goods group Richemont has proposed election of Sophie Guieysse as an Executive Director to the board of directors of Compagnie Financière Ri

Fashion

Why did Burberry destroy 37 million dollars of its goods?

Don-Alvin Adegeest July 16, 2018

On the topic of sustainability we are used to hearing brands over-producing collections for their retail networks and being left with excess stock. Back in

Fashion

Richemont: outshining luxury goods giants

FashionUnitedJuly 5, 2018

TIMELINECompagnie Financière Richemont SA is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. The

Management

Richemont completes sale of Lancel to Piquadro

Prachi SinghJune 4, 2018

Compagnie Financière Richemont SA has said in a media statement that it has completed the sale of its wholly-owned subsidiary, Lancel, a French luxury leathe

Report

Richemont announces acquisition of Watchfinder.co.uk

Prachi SinghJune 4, 2018

The Swiss luxury goods group Compagnie Financière Richemont SA has acquired 100 percent of the share capital of Watchfinder.co.uk limited, pre-owned premium

Management

Richemont annual revenues rise 3 percent, gross profit up 5 percent

Prachi SinghMay 18, 2018

Sales for the year to March 31, 2018 at Richemont increased by 3 percent at actual exchange rates and by 8 percent at constant rates to 10,979 million euros (

Business

YNAP to delist on June 20

Kristopher FraserMay 17, 2018

Yoox Net-a-Porter (YNAP) will be delisting from the Milan Stock Exchange on June 20 after Richemont reaches 94.999 percent of the company's ordinary shares.

Management

Yoox Net-a-Porter (YNAP) to cease trading on Italian Bourse after Richemont completes acquisition

Angela Gonzalez-RodriguezMay 11, 2018

Luxury fashion online platform Yoox Net-a-Porter (YNAP) is getting ready to cease trading on the Italian Stock Exchange as Swiss luxury goods group Richemont

Business

Richemont takes over Yoox Net-a-Porter

Kristopher FraserMay 10, 2018

Luxury conglomerate Richemont, whose portfolio includes brands such as Cartier, Montblanc, and Alfred Dunhill, has announced they have acquired the remainin

Report

Richemont announces resignation of Chief Technology Officer

Prachi SinghMay 3, 2018

Compagnie Financière Richemont SA has announced that Dr Jean-Jacques Van Oosten has relinquished his responsibilities as Chief Technology Officer for persona

Report

Richemont to sell Lancel to Piquadro

Vivian HendrikszMarch 14, 2018

London - Luxury conglomerate Compagnie Financiere Richemont SA is currently in exclusive talks to sell struggling French label Lancel to high-end leather

Management

Richemont makes offer to take full control of Yoox Net-a-Porter

Vivian HendrikszJanuary 22, 2018

London - Compagnie Financière Richemont SA aims to take full control of leading online retailer group Yoox Net-a-Porter (YNAP), close to three years afte

Management

Richemont Q3 sales increase 7 percent

Prachi SinghJanuary 11, 2018

Sales at Richemont SA, for the third quarter ended December 31, 2017, increased by 7 percent at constant exchange and by 1 percent at actual rates to 3,119 mi

News

Richemont and Polimoda launch master's degree in luxury

Don-Alvin Adegeest December 18, 2017

Richemont, the Swiss luxury goods group, has partnered with Polimoda, the Italian fashion institute to launch a Master’s degree in Luxury Business. St

Management

Weak results at Richemont and doubts about Burberry’s plan burdens European stocks

Angela Gonzalez-RodriguezNovember 13, 2017

ANALYSISEuropean stocks fell Friday, marking their worst weekly drop in three months by rounding it off with a disappointing outlook from Richemont, rising do

Management

Richemont expects acceleration in H1 profit

Prachi SinghNovember 10, 2017

Announcing its unaudited results for the six-month period, Richemont said sales increased by 10 percent at actual exchange rates and by 12 percent at constant

Report

Richemont expects 45 percent rise in H1 operating profit

Prachi SinghOctober 17, 2017

Richemont has announced that trading for the six months ended September 30, 2017 showed sales rising 10 percent on a reported basis and 12 percent on a const

Report

Richemont announces two senior executive appointments

Prachi SinghSeptember 21, 2017

Richemont has announced two new additions to its senior executive committee. The company said, Dr Jean-Jacques van Oosten has been appointed to the newly crea

Management

Richemont reports 12 percent rise in sales

Prachi SinghSeptember 13, 2017

Ahead of its annual general meeting, the Richemont Group has announced that the company’s sales for the five months ended August 31, 2017, increased by 12 p

Report

Richemont announces resignation of Georges Kern

Prachi SinghJuly 14, 2017

Richemont has announced the resignation with of Georges Kern, head of watchmaking, marketing and digital. The company said, Kern has stepped down from the sen

Report

Italian entrepreneur Alessandro Bastagli acquires Shanghai Tang

Prachi SinghJuly 3, 2017

Richemont has announced in a media statement that it has completed the sale of its wholly-owned subsidiary, Shanghai Tang, on June 30, 2017 to an entity contr

Business

Italian entrepreneur Alessandro Bastagli acquires Shanghai Tang

Prachi SinghJuly 3, 2017

Richemont has announced in a media statement that it has completed the sale of its wholly-owned subsidiary, Shanghai Tang, on June 30, 2017 to an entity contr

Fashion

LVMH tops Deloitte's Luxury Goods ranking

Danielle Wightman-StoneMay 17, 2017

There’s no change in the top four companies in the latest Global Powers of Luxury Goods report conducted by audit and consulting firm Deloitte, which analys

Management

LVMH tops Deloitte's Luxury Goods ranking

Danielle Wightman-StoneMay 17, 2017

There’s no change in the top four companies in the latest Global Powers of Luxury Goods report conducted by audit and consulting firm Deloitte, which analys

Management

Chloé confirms exit of Clare Waight Keller

Vivian HendrikszJanuary 30, 2017

London - 2017 has officially seen its first round of Creative Director musical chairs as Clare Waight Keller becomes the first fashion Creative Director

Report

Richemont estimates 45 percent decrease in H1 operating profit

Prachi SinghSeptember 14, 2016

Ahead of the Annual General Meeting, Compagnie Financière Richemont has announced that its sales for the first five months of the current financial year ende

Report

Global Tax free spend remain negative in April

Vivian HendrikszJune 8, 2016

London - Global Tax Free shopping spend (TFS) remained negative in April, as both Asia and Europe reflect double digit slowdown, highlighting the pull of

Management

Richemont FY16 profit up, foresees challenging market ahead

Prachi SinghMay 20, 2016

Richemont sales grew by 6 percent to 11, 076 million euros (12,412 million dollars); at constant exchange rates, sales decreased by 1 percent. The company’s

People

Kering hires Alain Riguidel as president of luxury watch division

Kristopher FraserMay 2, 2016

Kering has poached veteran luxury watch executive Alain Riguidel from their competitor Compagnie Financiere Richemont to head their luxury watch division. R

People

Bernard Foras retiring from Richemont

Kristopher FraserMarch 19, 2016

Bernard Fornas is set to retire from his position as co-ceo of Compagnie Financiere Richemont SA on March 31. He will also be retiring from his roles on Ric

Business

Richemont eyes up to 350 job cuts in Switzerland

AFPFebruary 21, 2016

Richemont, the world's second-biggest luxury goods group, is planning to cut up to 350 jobs in Switzerland this year amid a "difficult" watch market, a Swiss

Report