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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
Robust Jewelry Sales Boost Richemont
Richemont’s jewelry sales increased 9% in the third fiscal quarter as strong growth in Europe, the US and China offset weakness in Hong Kong.Jewelry proceeds from Cartier, Van Cleef & Arpels and Buccellati rose to EUR 2.16...
Retail Jan 19, 2020 Rapaport News
Graff
Graff Hires US Chief to Help Expand Business
Graff has appointed Marc Hruschka CEO of its US operations as part of its efforts to reach new customers and grow its business.“We aim to become more dynamic, broadening our product offering to include everyday diamonds and...
Retail Jan 15, 2020 Rapaport News
Pandora charm 150
Tiffany, Pandora Receive Top Sourcing Scores
Tiffany & Co. and Pandora received high ratings on anannual list comparing responsible sourcing by the largest companies in thefashion industry. Tiffany garnered the top rating of AAA in the retail category for thefifth consecutive...
Retail Dec 02, 2019 Rapaport News
Tiffany
LVMH Seals Tiffany Deal for $16B
LVMH Moët Hennessy Louis Vuitton is set to acquire Tiffany & Co. for $16.2 billion, strengthening the Paris-based luxury group’sposition in the global jewelry market and increasing its US presence. “Tiffany [is] a company with...
Retail Nov 25, 2019 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
Lark & Berry
Lab-Grown Retailer Hires Exec for US Push
UK-based synthetic-diamond-jewelry retailer Lark & Berryhas hired Paul Ziff as its brand manager for North America. Ziff was previously a brand president at both Richemont andLVMH, and has held executive positions at Ralph Lauren...
Retail Jul 31, 2019 Rapaport News
Cartier love bracelet 150
China Lifts Richemont Jewelry Revenue
Sales at Richemont’s jewelry brands increased 10% in the first fiscalquarter, as lower value-added tax and customs duties drove purchases in mainland China,the luxury retailer said Thursday. Proceeds from the group’s largest product category...
Retail Jul 18, 2019 Rapaport News
CIBJO
Groups Join Forces on Responsible Sourcing
The World Jewellery Confederation (CIBJO) and the ColouredGemstones Working Group (CGWG) will collaborate to help companies in theindustry implement responsible sourcing for gemstones such as rubies, emeraldsand sapphires.The groups will develop management tools...
Gemstones May 22, 2019 Rapaport News
Richemont
Sales Rise at Cartier, Van Cleef
Jewelry sales at Richemont — the owner of Cartier and VanCleef & Arpels — increased 10% in the past fiscal year, with growth in all regions and channels. Proceeds from the category rose to EUR 7.08 billion...
Retail May 19, 2019 Rapaport News
Cartier lawsuit
Cartier, Van Cleef Sue Alleged Counterfeiter
Cartier and Van Cleef & Arpels have filed a lawsuitagainst a Florida jeweler, claiming willful infringement on a number of theluxury jewelers’ famous trademarked collections. Scott King Inc., registered for business as Florida Diamond Brokers andKing...
Financial-Legal May 13, 2019 Rapaport News
IWC Darin Rabb 150
Swiss Watchmaker IWC Hires North America Chief
Richemont-owned IWC Schaffhausen has appointed Darin Rabbbrand president of North America. He will be responsible for growing the Swissluxury watch manufacturer’s business in the region. “North America is a strategic market for IWC, and we havetremendous potential...
Retail Apr 07, 2019 Rapaport News
De Grisogono
Founder Fawaz Gruosi Leaves De Grisogono
Fawaz Gruosi, the founder of De Grisogono, has stepped downfrom his position as board director and left the company, the Swiss-basedjeweler said. Gruosi had been gradually shifting away from day-to-dayoperations for some time,...
Retail Jan 13, 2019 Rapaport News
Richemont Cartier
China Drives Richemont Growth
Richemont’s jewelry sales increased 9% in the third fiscal quarter,as strong growth in the Asia Pacific region offset weakness in Europe and the Middle East. Jewelry proceeds from Cartier and Van Cleef & Arpelsrose...
Retail Jan 13, 2019 Rapaport News
Kering Digital
Kering’s E-Commerce to Move In-House
Kering, the owner of Gucci, Boucheron and Pomellato, plans to end its seven-year partnership with luxuryplatform Yoox Net-A-Porter (YNAP), and bring its e-commerce activitiesin-house. The Paris-based retailer, which has worked with YNAP...
Retail Nov 27, 2018 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
HRD Alibaba
Alibaba Strikes Deal with Belgian Trade
Chinese e-commerce giant Alibaba will collaborate with theAntwerp World Diamond Centre (AWDC) to bring Belgian diamonds to Chineseconsumers. Through the partnership, Shape of Antwerp diamonds will besold exclusively on the Chinese retailer’s Tmall online...
Retail Nov 06, 2018 Rapaport News
Alibaba Richemont
Richemont and Alibaba Bring Luxury to China
Richemont has partnered with Alibaba Group to improve Chineseconsumers’ access to the Swiss retailer’s luxury platforms. Alibaba will provide the technology and infrastructure to helpRichemont sell to the Chinese market through its e-commerce sites,...
Retail Oct 28, 2018 Rapaport News
Richemont Van Cleef
Richemont Enjoys Sparkling Jewelry Results
Jewelry sales at Richemont — the owner of Cartier and VanCleef & Arpels — increased 11% in the five months ending August 31, theluxury retailer reported Monday. Proceeds from the group’s largest category rose to $3.33billion...
Retail Sep 12, 2018 Rapaport News
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