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.
Richemont Invites LVMH to Join Site to Compete With Amazon
Richemont chairman Johann Rupert invited LVMH and Kering to join in an attempt to build a luxury retail website that can compete with the likes of Amazon.
Watchmakers Race Apple to Introduce Smartwatches in Switzerland
Swiss watch shops will be stocked with a whole new range of smartwatches in coming weeks as producers race Apple Inc. to get a lead in Switzerland, the home of brands such as Rolex and Patek Philippe.
A Bumpy Ride
The Savigny Luxury Index (“SLI”) ended the month of May up shy of one percent after a bumpy ride, whilst the MSCI World Index (“MSCI”) climbed two percent.
Montblanc to Apple: Our Swiss Smartwatch Will Outlast Yours
Montblanc, owned by South African billionaire Johann Rupert’s Richemont, has created a luxury item with high-tech appeal by putting the electronics in the watchband rather than the timepiece.
Richemont’s April Sales Unexpectedly Drop Ahead of Price Changes
Richemont reported an unexpected decline in April sales as retailers delayed purchases in anticipation of price adjustments.
The Great Mall of China
With two-thirds of Chinese luxury purchases now made outside mainland China, the whole world has become a Chinese luxury shopping mall. Who is benefitting most?
Cinderellas, Snow Whites or Sleeping Beauties?
Luxury groups need to tap their smaller labels as the growth of their megabrands slows. But are these smaller brands blossoming, shifting gear or still waiting for Prince Charming?
A Pricing Conundrum
The Savigny Luxury Index (“SLI”) fell sharply this month, losing more than two percent, driven by disappointing first quarter results.
Net-a-Porter Creates Social Network for Mobile Luxury Shopping
Net-a-Porter unveiled what it says is the first social network for consumers to flaunt their style and buy luxury goods via mobile devices.
Richemont Puts the Smarts Into the Strap Rather Than the Watch
Swiss luxury goods maker Richemont is rolling out high-tech straps to counter the smartwatches designed by Apple Inc. and others.