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Richemont Sees Tough Road Ahead for Luxury
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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...
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Retail
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May 17, 2020
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Rapaport News
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Kering’s E-Commerce to Move In-House
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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...
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Retail
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Nov 27, 2018
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Rapaport News
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Richemont and Alibaba Bring Luxury to China
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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,...
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Retail
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Oct 28, 2018
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Rapaport News
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