The luxury goods group Richemont reported that sales in the quarter increased by 5% at constant exchange rates compared to the prior year period. …
Farfetch, Alibaba Group and Richemont partner to develop “Luxury New Retail”
Farfetch, Alibaba Group and Richemont said they are joining forces to provide luxury brands with enhanced access to China and speed up digitization of the global luxury industry.…
Richemont China sales up 49% in first quarter
Richemont recorded a staggering 49% increase in sales in China in the first quarter, which failed to offset an overall global sales slump with double-digit sales decline across all major regions.…
Richemont partners with Alber Elbaz for “AZfashion”
Richemont and Alber Elbaz announced the signing of an agreement to form a joint venture, called “AZfashion” (AlberelbaZfashion).…
NET-A-PORTER flagship store launches on Tmall Luxury Pavilion
Richemont and Alibaba Group announce the opening of the NET-A-PORTER flagship store on Alibaba’s Tmall Luxury Pavilion, an exclusive platform dedicated to the world’s leading luxury and fashion brands…
Montblanc names new general manager of leather goods
Montblanc has appointed Jean-Charles Hita as one of its company general managers, overseeing its leather goods division.…
Swatch will not return to Baselworld Watch Fair
As watchmakers increasingly rely on their own distribution networks, the industry’s largest annual conference runs the risk of becoming obsolete.…
Why top watch marques no longer need Baselworld, SIHH?
The future of watch fairs is in danger.…
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.…
Pressure at Richemont over restructuring
The conference call held last week for luxury brands group Richemont’s latest results was at times surprisingly tense as changes in the reporting lines are being made.…