By Bloomberg Published September 11, 2024 The head of Richemont, the owner of Cartier and Vacheron Constantin, said the luxury watch industry must reduce production after a downturn in demand …
By Bloomberg Published Jul 25, 2024 French tycoon Bernard Arnault’s net worth has plunged this year by more than anyone else’s on the Bloomberg Billionaires Index, as demand for luxury …
By AFP Published Jul 17, 2024 The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South …
By Bloomberg Published Jul 17, 2024 As demand for luxury goods and beauty products declines in some regions, so have the fortunes of a clutch of the world’s richest people. …
By Bloomberg Published Jun 25, 2024 Bernard Arnault has taken a personal equity stake in Cartier parent company Richemont, according to people familiar with the French billionaire’s investments. See catwalkAz …
Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) …
Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Vhernier Forty-year-old Vhernier …
By Bloomberg Published Feb 1, 2024 The wolf is licking its lips. The prey is not wearing a red hooded cape, but Van Cleef Arpels jewelry. Van Cleef & Arpels …
Translated by Cassidy STEPHENS Published Nov 10, 2023 At the same time as the publication of its half-year results, Richemont has announced the promotion of Karlheinz Baumann. Appointed COO this …
Richemont’s latest results report on Friday was weaker than had been expected as the owner of Chloé, Dunhill and Alaïa faced affluent consumers becoming almost as cautious as those further …