Richemont
Richemont is a global luxury goods group that significantly influences the UK jewellery and watch trade through its prestigious maisons including Cartier, Van Cleef & Arpels, and Montblanc. Its strategies in branding, retail expansion, product innovation, and pricing set benchmarks throughout the luxury sector. Jewellery Focus offers expert coverage of Richemont’s UK and global activities, such as boutique openings, product launches, executive leadership shifts, sustainability initiatives, and financial results. Our reporting equips UK jewellers, suppliers, brands and retailers with intelligence on how Richemont’s market moves shape sourcing trends, competitive positioning and consumer expectations.
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Dec- 2025 -17 DecemberRetailers
Richemont UK FY sales rise 5% to record £277m
Richemont has revealed that its UK sales rose 5.3% to a record £277m for the year ended 1 March 2025. Furthermore, the company’s gross profit rose from £113.6m to just under £124m with operating profit almost tripling from £12.5m to £32m. Meanwhile, its net profit for the year jumped from…
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15 DecemberAppointments
Responsible Jewellery Council appoints new standards committee co-chairs
The Responsible Jewellery Council has appointed Sara Yood and Eduard Stefanescu as co-chairs of its standards committee, as the organisation continues work on updating its global responsible business standards. Yood is president and chief executive of the Jewellers Vigilance Committee, while Stefanescu is sustainability manager at precious metals firm C.HAFNER.…
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Nov- 2025 -14 NovemberRetailers
Richemont H1 sales jump 10%
Richemont has revealed that it posted group sales of €10.6bn (£9.4bn), an increase of 10% on a constant currency basis, for the half year ended 30 September 2025. It also posted a profit of €1.8bn (£1.6bn) for the period, driven by continuing operations and non-recurrence of the prior-year period loss…
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Jul- 2025 -18 JulyRetailers
Richemont sales rise 6% on strong jewellery demand
Richemont has reported a 6% increase in group sales to €5.4bn (£4.68bn), driven by continued strength in its jewellery maisons, which rose 11% to €3.91bn (£3.38bn) for the quarter ended 30 June 2025. The group’s four jewellery maisons, Buccellati, Cartier, Van Cleef and Arpels, and Vhernier, recorded a third consecutive…
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Jun- 2025 -10 JuneAppointments
Bonhams appoints ex-De Beers London CEO as new CCO
Bonhams has appointed former De Beers London CEO Celine Assimon as its new chief commercial officer. With a career in luxury and fine jewellery, Assimon brings more than 20 years of experience leading commercial strategy, client engagement, and brand development across global markets. As CEO of De Beers London, she…
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May- 2025 -16 MayRetailers
Richemont FY25 sales rise to €21.4bn
Richemont has reported a 4% increase in FY25 group sales to €21.4bn (£18.0bn) led by high single-digit increase in its jewellery maisons over the year. However, the group’s operating profit came in at €4.5bn (£3.79bn), down by 7% at actual rates, or by 4% at constant exchange rates. Profit for…
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Feb- 2025 -14 FebruaryDesigners
Richemont announces board and executive committee changes
Richemont has announced a number of changes to its board of directors and senior executive committee (SEC). Catherine Rénier, CEO of Van Cleef and Arpels, Louis Ferla, CEO of Cartier, and Marie-Aude Stocker, chief people officer (CPO) of Richemont have been appointed to the SEC. Stocker, formerly director of people,…
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Jan- 2025 -17 JanuaryDesigners
Richemont’s jewellery maisons boost Q3 sales
Richemont has reported a 10% increase in its Q3 sales to €6.2bn (£5.2bn), driven by its jewellery sales which saw a 14% rise to €4.5bn (£3.80bn), adding to 71% of group sales. The group’s four jewellery maisons, Buccellati, Cartier, Van Cleef and Arpels and Vhernier’s sales growth was fuelled by…
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Nov- 2024 -11 NovemberInternational
Richemont profits drop 17% to €2.2bn
Richemont has reported a 17% decrease in operating profits to €2.2bn (£1.82bn) for the six-month period ended 30 September 2024, reflecting the impact of the decline in sales at its specialist watchmakers, a slight gross margin erosion and ongoing investments for its maisons’ long-term growth. The group also saw a…
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Aug- 2024 -8 AugustAppointments
Bonhams appoints Chabi Nouri as global CEO
Bonhams has appointed Chabi Nouri as global CEO of the international auction house. Nouri, who will be based in Bonhams’ headquarters in New Bond Street, London, will take up the position in October 2024 at the 14-saleroom auction house. Swiss-born Nouri has deep knowledge and experience in international luxury and…
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