Richemont
Swiss conglomerate Richemont is the owner of luxury maisons in jewellery, watches, fashion and accessories, including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre and more.
With America in Chaos, Will LVMH’s Tiffany Acquisition Go Ahead as Planned?
Analysts and media speculated last week that the conglomerate has cold feet about buying an American company in the middle of the crisis. In the end, the partnership still makes sense.
Richemont Signals HR Shakeup After Reports of Bonus Controversy
The Swiss luxury-goods maker’s employees are reportedly frustrated about increases in senior executive compensation when most directors got pay cuts.
Luxury’s Inequality Problem
The anti-racism protests that have swept the United States are inextricably linked to socio-economic class and rising inequality. Are luxury brands listening?
Tiffany Shares Plunge After LVMH Deal Is Questioned
Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
Fashion Magazines Hit as Luxury Ad Spend Dwindles
Global fashion houses are slashing their marketing budgets by 30 to 80 percent to weather the economic fallout of the pandemic.
Winners Take All: How LVMH and Kering Will Extend Their Supremacy Post-Pandemic
The family-controlled French giants are well positioned to further dominate the luxury fashion sector. But neither can afford to ignore the threat of disruption.
Why Luxury Brands Are Raising Prices in a Pandemic
Top-tier brands like Chanel and Louis Vuitton are hiking prices in what looks like a bid to pad margins, cushion the impact of lower sales volumes and capitalise on the China rebound.
Richemont Reports 67% Drop in Annual Profit
Chairman Johann Rupert estimates up to three years of grave economic impact of Covid-19 on the Swiss luxury group.
Op-Ed | The Future of Luxury in 4 Trends
The post-virus luxury sector will be shaped by the acceleration of four existing trends, writes Erwan Rambourg.
The BoF Podcast: Alber Elbaz Is a ‘Zoombie’ Now
The star designer on the future of young designers and multi-brand retail, life in the Zoom era and launching a company during a pandemic.