The Richemont group reported a 34% rise in operating profit for the fiscal year ending in March 2023 to EUR 5.03 billion and a 19% increase in sales boosted by strong demand from Chinese consumers for watches and jewellery, notably… Read More ›
Richemont
NEWS: Luxury watch groups suspend operations in Russia
It is obviously a constantly changing situation, but the list of companies from financial and other services to sporting associations, film/ entertainment, automobile, technology, fashion, sporting, logistics groups, retailers and more who are suspending operations in Russia increases by the… Read More ›
INDUSTRY NEWS: Richemont announces new board member
Richemont has announced the nomination of Wendy Luhabe for election to the board. She will serve as a non-executive director and become a member of the board’s nominations committee. Luhabe was chair of Vendôme South Africa, Richemont’s subsidiary, from 2001… Read More ›
INDUSTRY NEWS : SIHH changes to ‘Watches & Wonders Geneva’
The famous SIHH brand is no more, as the more recent ‘Watches & Wonders’ offshoot ‘sub brand’ takes over. What was informally called ‘watch week’ by many attending the SIHH for the plethora of watch-related events around Geneva during the… Read More ›
NEWS : Richemont pilots blockchain authentication with Vacheron Constantin
You may recall an announcement last year from the Richemont Group about their plan to use blockchain for their supply chain, to track goods and materials, and fight counterfeiting. In an update to this, Vacheron Constantin has been chosen by… Read More ›
INDUSTRY NEWS : Richemont and Alibaba announce partnership
As a part of their continuing efforts to expand into the mainland Chinese online market, Richemont has joined forces with Chinese e-commerce behemoth Alibaba to develop its Net-A-Porter and Mr Porter online platforms in China. The joint venture will feature… Read More ›
INDUSTRY NEWS : Appointment of Jérôme Lambert as Richemont Group Chief Executive Officer
The Richemont Group executive movements of the past few years continue, with the announcement today of Mr Jérôme Lambert, the current Group Chief Operating Officer, as Group Chief Executive Officer with immediate effect. The position of Chief Operating Officer was… Read More ›
INDUSTRY NEWS : Richemont announces plans to use blockchain
The Richemont Group has announced its intention to introduce blockchain technology to bring transparency to its supply chain, track goods and materials (including sales channels), reassure customers of product authenticity, and to fight counterfeiting. The announcement was made by Professor Jin Keyu,… Read More ›
NEWS : Richemont announces changes to Senior Executive Committee
Richemont has just announced some changes to its Senior Executive Committee. The most notable of these is the creation of a new Chief Operating Office position, to be filled by Mr Jérôme Lambert. He will be responsible for all… Read More ›
NEWS: Georges Kern Resigns from Richemont, joins Breitling
With Richemont Chairman Mr. Johann Rupert’s announcement today of the departure of Georges Kern, Head of Watchmaking, Marketing and Digital, it appears that 2017 is proving to be a year of much activity in the upper echelons of the Richemont… Read More ›
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