Demand for Richemont’s jewellery brands, including Cartier and Van Cleef, gave the group a boost over the Christmas period against a challenging backdrop for the …
Richemont
Is Richemont Ready to Reveal Net-a-Porter’s Future?
With Farfetch rescued by Coupang and Matches by Frasers Group, the final loose thread from December’s luxury e-commerce drama is the fate of Yoox Net-a-Porter. …
Cartier Owner Richemont Won’t Inject Cash Into Farfetch
Farfetch founder Jose Neves is considering the move after a troubled New York Stock Exchange listing for the loss-making British company, and is working with …
Richemont Says Yoox Net-a-Porter Lost $137 Million In First Half As Sales Fell 10%
Richemont reported a six-month operating loss of €0.7 million in its “discontinued operations” unit comprising Yoox Net-a-Porter (YNAP), citing continued losses at the e-commerce group …
Richemont Takes Controlling Stake in Gianvito Rossi
Richemont has acquired a majority stake in Italian shoemaker Gianvito Rossi, the luxury giant said Friday. The news adds to a week of deal-making, following on …
Richemont Shares Drop 7 Percent as US Revenue Declines
Richemont shares declined after the Swiss luxury-goods maker reported an unexpected decline in sales from the Americas, raising concern over how weak the US market …
Richemont CFO Burkhart Grund Earned $14 Million Last Year, Annual Report Says
Richemont awarded chief financial officer Burkhart Grund 12.9 million Swiss francs ($14.3 million) in total compensation last year, making him the highest-paid employee at the …
Richemont Bolsters Sustainability Expertise In its Top Ranks
The Swiss luxury group has promoted its chief sustainability officer and plans to add to its board a car-industry veteran who worked on the shift to electric …
UK Watchdog Casts Eye on Richemont Deal to Sell Online Retailer to Farfetch
Britain’s competition watchdog on Tuesday said it was seeking comment on whether Richemont’s deal to offload most of its online fashion retailer YOOX Net-A-Porter (YNAP) …
LVMH, Richemont Set to Benefit From Middle East’s Fast Growth
The Middle East is expected to become one of the fastest growing markets for luxury in 2023, according to Barclays Plc analysts, with the owners …
Richemont Shareholders Reject Activist Investor’s Board Candidate
Luxury goods group Richemont shrugged off pressure from Bluebell Capital as shareholders voted down the activist investor’s board candidate at the annual general meeting (AGM) …
Richemont, Farfetch and YNAP: Understanding a Transformational E-Commerce Deal
Richemont is finally offloading Yoox Net-a-Porter. Or at least taking a big step in that direction. After months of negotiations, the Swiss luxury conglomerate announced …
Richemont Sells 50.7 Percent Stake in Yoox-Net-a-Porter to Farfetch, Symphony Global
E-commerce operator Farfetch and Symphony Global, the investment vehicle of Emirati real estate mogul Mohamed Alabbar, will acquire a 47.5 and 3.2 percent percent stake …
Richemont Wins Support of Proxy Adviser Against Activist Investor Bluebell
Bluebell Capital Partners Ltd. was dealt a blow in its efforts to revamp the board of luxury-goods company Richemont after a prominent advisory firm counselled …
Richemont Says Ex-Bulgari CEO Is ‘Inappropriate’ for Board
Richemont, the maker of Cartier jewellery, said shareholders should vote against the appointment of Francesco Trapani to the board because he is too closely associated …
Richemont Says Ex-Bulgari CEO Is Inappropriate for Board
Richemont, the maker of Cartier jewellery, said shareholders should vote against the appointment of Francesco Trapani to the board because he is too closely associated …
Cartier and Other Richemont Labels Leave Responsible Jewellery Council
Cartier and other labels of the Richemont group have stepped down from the Responsible Jewellery Council (RJC) after the industry body failed to cut ties …
Richemont Sells Stake in Pricey Swiss Watchmaker Greubel Forsey
Richemont sold a minority stake in Greubel Forsey SA, a maker of extremely intricate Swiss watches that start at $200,000, to its founders and chief …
Chanel Heir’s PE Vehicle Hires Former Richemont Exec Chabi Nouri
Chabi Nouri, CEO of Richmont-owned Piaget from 2017 to 2021, is set to join Geneva-based asset manager Mirabaud. Nouri will work alongside David Wertheimer (son …