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.
What Went Wrong at Prada and Fashion's Miserable Outlook for 2016
Collapsing demand in China, the strong dollar and the Paris terror attacks made 2015 a year to forget for the likes of Prada, Burberry and Cartier owner Richemont.
Yoox Net-a-Porter Appoints Executives From Instagram, La Rinascente to Board
Yoox Net-a-Porter Group SpA strengthened its board, naming Eva Chen and Vittorio Radice as independent directors.
Jeweller’s World-Beating 381% Indian Rally Drubs Tiffany in Slump
While a strengthening dollar and an economic slump in China are battering stocks of jewellers from Tiffany & Co. to Chow Tai Fook, one company in India is predicting a demand pick-up after gold slid to a five-year low last week.
Cartier's Watches Lose Their Sparkle in China
Cartier, in terms of combined sales, generates more than two thirds of profits for Swiss parent Richemont, but watch revenues have dwindled relentlessly while jewellery sales have boomed.
Luxury Sector Terrorised
The Savigny Luxury index (“SLI”) fell victim to current events, dropping almost 3 percent, whilst the MSCI World Index (“MSCI”) rose by nearly 4 percent.
LVMH to Take Stake in Repossi
LVMH will take a minority stake in Italian fine jewellery brand Repossi.
Yoox Net-a-Porter Sheds More Executives One Month After Merger
Two more executives are leaving the online luxury retailer as chief executive officer Federico Marchetti puts his stamp on the company about a month after it was created by a merger.
The Race to Control the Luxury Leather Business
As more fashion labels push into the accessories business, luxury titans like Kering, LVMH and Hermès jockey for control of a leather market in flux.
Paris Attacks Could Impact Luxury Spending from Tourists
With demand for lavish jewellery and fashion slowing from China to the US, brands have been able to count on a flow of free-spending tourists to Europe’s major cities. Friday’s attacks on Paris may change that.
Burberry, Hermès Signal US Slowdown on Heels of Asian Slump
Hermès International SCA and Burberry Group Plc reported sputtering sales growth in America, adding to the woes of luxury-goods makers already reeling from an Asian slump.