Richemont reported a 6 percent uptick in sales for the first half of 2023, as the Swiss firm became the latest luxury company to highlight increased caution by big-spending customers in recent months.…
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Chloé appoints Chemena Kamali as new creative director
French fashion house Chloé has appointed Chemena Kamali to the role of creative director, replacing Gabriela Hearst who announced her departure in July.…
Richemont bolsters new beauty and fragrance division
Compagnie Financière Richemont SA (Richemont) has reinforced its new beauty and fragrance division, Laboratoire de Haute Parfumerie et Beauté, fortifying its presence in the industry with the appointm…
Richemont acquires controlling stake in Italian shoemaker Gianvito Rossi
Richemont has acquired a controlling stake in Gianvito Rossi, the renowned Italian luxury shoe brand, in a private transaction.…
From Versace to Starbucks, global brands continue to tap into South Korea’s star power
International luxury brands Versace and Cartier are the latest duo to tap K-pop stars as global brand ambassadors of their respective marques, as a growing number of premium brands look to South Korea…
Richemont’s crown jewels and APAC performance deliver revenue growth
The luxury group’s jewellery maisons Buccellati, Cartier, and Van Cleef & Arpels delivered the highest sales increase at 24 percent, while Asia Pacific became the strongest performing marke…
Chloé creative director Gabriela Hearst departs
French fashion house Chloé has confirmed the departure of Gabriela Hearst from her role of creative director, confirming rumours of Hearst’s leaving which first broke in early June.…
Richemont’s China sales recover as Japan explodes
Swiss luxury group Richemont announced annual sales were up by 19 percent to EUR 20 billion (USD 21.7 billion) for the year ending March 31, driven by surging Japanese growth, and return to sales grow…
How luxury brands are courting the new Chinese consumer as shopping tourism resumes
Luxury brands are revamping connections between online and offline shopping channels ahead of high-spending Chinese tourists’ return to the world’s fashion hotspots, said industry executives.…
Richemont Japan sales surge 43 percent, China dives
Swiss luxury group Richemont announced on January 18 sales for the third quarter rose by 5 percent, with double-digit revenue growth in Japan offsetting the disruption to retail trading in Mainland Ch…