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Richemont
Richemont Sees Tough Road Ahead for Luxury
It could take up to three years for the luxury market to get back on track, as it relies heavily on consumer sentiment and travel, Richemont chairman Johann Rupert predicted.“The luxury industry is dependent on customers’ willingness to spend — the so-called...
Retail May 17, 2020 Rapaport News
Richemont
Richemont Weathers Hong Kong Storm
Jewelry sales at Richemont increased 8% in the first fiscalhalf, even as the company faced a challenging market in Hong Kong. Jewelry proceeds at Cartier and Van Cleef & Arpels roseto EUR 3.74 billion ($4.12 billion) in the...
Retail Nov 10, 2019 Rapaport News
Richemont
Richemont Acquires Italian Jeweler Buccellati
Swiss-based luxury retailer Richemont has bought high-endjeweler Buccellati from China’s Gangtai Group. Richemont, which also owns Cartier and Van Cleef &Arpels, closed the purchase of the 100% stake in the Italian jeweler...
Retail Oct 02, 2019 Rapaport News
Richemont
Richemont Sales Up Despite Asia Concerns
Richemont’s jewelry sales increased 12% in the first fiscalhalf, though signs of weakening in Asia raised investor concerns.Jewelry proceeds at Cartier and Van Cleef & Arpels rose to EUR 2.45 billion ($2.77billion) in the six months...
Retail Nov 11, 2018 Rapaport News
Richemont
Richemont's FY Sales +29%, Profit +43%
Richemont reported that group sales rose 29 percent year on year to $11.39 billion (EUR 8.87 billion) during the retailer's fiscal year that ended on March 31. Revenue growth was driven by higher demand from...
Retail May 16, 2012 Dilipp S Nag
cartier diamonds
Richemont Group Sales +29% in 1H
Swiss luxury group Richemont reported that sales rose 29 percent year on year to $5.79 billion (EUR 4.21 billion) in its first half of the fiscal year that ended on September 30, 2011. Growth was spurred...
Retail Nov 13, 2011 Avi Krawitz
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