Wei ZhangFashion
Richemont Anchors Asian Network Through Dual Hubs in Hong Kong and Tokyo
The Swiss luxury group generates 77 per cent of its 22 billion euro revenue through direct retail across a global network of 2,369 monobrand boutiques.
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richemont
Every story tagged richemont on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged richemont
41 stories in this topic
Maria SantosFashion
Damien Licciardi: From Richemont to Cartiers New MD in Thailand
Luxury jewelry brand Cartier has announced the appointment of Damien Licciardi as the Managing Director (MD) for its operations in Thailand. This appointment is effective immediately. Licciardi’s Professional Background Damien Licciardi steps into the role of…
Rajiv MenonFashion
Damiani Group Acquires Iconic Swiss Watchmaker Baume & Mercier from Richemont
Switzerland’s luxury conglomerate Richemont has transferred the ownership of the distinguished watchmaker Baume & Mercier to Damiani Group of Italy. The financial details of this transaction remain undisclosed. Merging Into Damiani’s Luxury Portfolio…
Rajiv MenonGeneral
Richemont Reports 6% Quarterly Sales Rise Thanks To Cartier, Van Cleef & Arpels Jewelry Brands
The Swiss luxury conglomerate, Richemont, reported a six per cent increase in quarterly sales, attributing the growth to the continued popularity of its fine jewelry brands, Cartier and Van Cleef & Arpels, among affluent consumers. Quarterly Sales Figures For…
Sarah ChenFashion
Cartier and Asia help Richemont quarterly sales rise 5 per cent
Richemont, maker of brands Cartier and Van Cleef & Arpels, on Wednesday posted a 5% increase in quarterly sales led by strong growth at its jewelry brands in Asia Pacific and the Middle East. Luxury watch sales have contracted sharply during the COVID-19…
Wei ZhangGeneral
Richemont suffers slump in online sales
After dismal updates from luxury goods groups this week, the company behind Cartier could be forgiven for a 47-per-cent slump in sales in its first financial quarter, writes Bloomberg’s Andrea Felsted. More disappointing is that Richemont’s powerful digital…
Aiko TanakaFashion
Hong Kong protests affect Richemont sales
Protests in Hong Kong have likely contributed to an unexpected drop in revenues for Richemont sales in a key luxury market. The Cartier timepiece brand owner saw a 2-per-cent drop in sales in the last quarter and experienced a 3.9-per-cent fall in its stock…
Maria SantosFashion
Richemont watch Sales Drops
Richemont has brushed aside the gloom and doom of the global watch market, reporting sales of its watches and jewelry grew by 10 percent in the year to March. While figures for Swiss watch exports show sluggish sales to Hong Kong and the US this year,…
Rajiv MenonFashion
Richemont Group sales soars after YNAP acquisitions
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion. It was largely down to the inclusion of online acquisitions Yoox-Net-A-Porter (YNAP) and Watchfinder, which were consolidated into the group’s accounts on May 1 and June 1,…
Rajiv MenonFashion
How Richemont is plotting Yoox Net-a-Porter’s expansion with Alibaba
While 2018 saw several luxury conglomerates consolidating their empires through brand acquisitions, others like Yoox Net-a-Porter looked to strategic partnerships. With the new Richemont and Alibaba deal, the company is now able to better bring its retail…
Minjun ParkE-Tailing
Richemont joins Alibaba’s IP alliance on brand protection
Global luxury group Richemont has joined the Alibaba Anti-Counterfeiting Alliance, a partnership between the e-commerce giant and brands that works to protect intellectual property rights on Alibaba’s platforms. Geneva, Switzerland-based Richemont is now…
Rajiv MenonFashion
Yoox Net-A-Porter acquisition boosts Richemont sales
Richemont sales in Asia Pacific surged 20 per cent in the first half of this year with the region the group’s single-largest market, accounting for 37 per cent of total sales. The increase was fuelled by the inclusion of the Yoox Net-A-Porter (YNAP) business…
Minjun ParkFashion
Chanel’s recipe for success revealed
Last month, Chanel reported its financials for the first time in its 108-year history, lifting the company’s traditional veil of secrecy, in part, to quash speculation that it could be acquired. The disclosure revealed that the French luxury giant generated…
Rajiv MenonFashion
Richemont to buy Buccellati from Chinese owner
Richemont group is in talks to buy Italian jewellery brand Buccellati from its new Chinese owner, according to reports from the Italian press this week. The italian press has reported the Milanese brand was being negotiated for sale with Richemont. The deal…
Maria SantosFashion
Alibaba, Richemont ink deal to bring YNAP to China
Alibaba is to launch Yoox Net-A-Porter China after entering into a partnership with Yoox’s owner, Swiss luxury fashion group Richemont. Under the partnership, YNAP and Alibaba will establish a joint venture (JV) to launch two mobile apps for YNAP’s…
Minjun ParkFashion
Richemont in Talks to Buy Buccellati from Chinese Owner
Swiss luxury holding firm Richemont is in talks to acquire jewellery manufacturer Buccellati from Chinese holding company Gansu Gangtai. The Chinese company took an 85 per cent shareholding in the Italian company a year ago for US$226 million, but the brand…