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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Mar- 2022 -8 MarchCurrent Affairs
Richemont suspends operations in Russia
Richemont has announced that it has suspended all commercial activities in Russia, following its prior announcement of stopping operations in Ukraine on 24 February. The company said it is in close contact with its people on the ground and ensuring they receive financial, logistic and moral support. Richemont has also…
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Jan- 2022 -21 JanuaryRetailers
Richemont Q3 sales rise 32% to £4.72bn
Richemont has reported its sales surged 32% year-on-year to €5.65bn (£4.72bn) in the third quarter ending 31 December 2021 (Q3), up 38% from pre-Covid levels. Over the nine-month period, the group’s growth was led by its Jewellery Maisons division which saw its sales reach €3.34bn (£2.79bn) in Q3, up year-on-year…
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Nov- 2021 -15 NovemberRetailers
Richemont’s group operating profit surges 331% to €1.94bn
Richemont has announced its group operating profit for the six-month period ending 30 September 2021 increased by 331% over the prior-year period to €1.94bn (£1.65bn), compared to €452m (£384m) for the same period in 2020. Additionally, group operating profit reportedly increased by 67% on a two-year basis from €1.16bn (£9.92m)…
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Oct- 2021 -19 OctoberRetailers
Chloé achieves B Corp certification
Luxury fashion house Chloé has achieved B Corp certification, Richemont has announced. The certification comes in line with Chloé’s mission ‘Women Forward. For a Fairer Future’ and provides the brand with a framework to “accelerate and guide” its transformation in becoming a purpose-driven model. By becoming B Corp certified, Chloé…
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May- 2021 -21 MayRetailers
Richemont’s jewellery maisons drive sales recovery
Luxury goods holding company Richemont has announced that its FY21 jewellery maisons sales grew 3% year-on-year to £6.42m. Operating profit at the Swiss firm’s jewellery maisons also spiked 11% for the year ended 31 March 2021, increasing its operating margin to 31%. The owner of Cartier, Van Cleef and Arpels,…
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Apr- 2021 -22 AprilRetailers
Responsible Jewellery Council launches new SDG Taskforce
Responsible Jewellery Council (RJC) has announced the launch of a new SDG Taskforce which will aim at creating a unified platform to benchmark members’ progress in the implementation of the 17 UN Sustainable Development Goals (SDGs).resporespo The SDG taskforce includes 26 leaders of the global jewellery industry together with the…
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21 AprilRetailers
LVMH and Richemont to develop luxury blockchain platform
LVMH has joined forces with rivals, Prada and Cartier, both part of the Richemont group, in order to develop Aura Blockchain Consortium, a global luxury blockchain. The firms said Aura represents a new way for luxury brands to communicate directly to consumers to share updates on the quality of their…
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May- 2020 -26 MayAppointments
RJC marks 15 years welcoming new members at 2020 AGM
The Responsible Jewellery Council (RJC) has marked its 15-year milestone strengthening consumer confidence for the global jewellery industry at its virtual Annual General Meeting (AGM). The world’s leading standard setting organisation for the entire jewellery and watch supply chain celebrated its 15-year anniversary by launching a new website, and publishing…
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Dec- 2019 -19 DecemberRetailers
Laings reveals first full-year results as one brand
Luxury jewellers Laings has announced it achieved sales of £42.3m in the year to 31 May 2019. It is the first full year that the jewellers has operated under one brand. Sales also saw a like-for-like increase of 17.4%, and an operating profit of £4.2m was also reported. The company…
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May- 2019 -20 MayRetailers
Richemont Group sales jump 27% in 2018
The Richemont Group, which owns Cartier, IWC and Jaeger-LeCoultre, has reported a 27% increase in group sales to €13,989m (£12,261m) for the year ending 31 March 2019. Excluding Yoox Net-A-Porter and Watchfinder, sales rose by 8% at actual and constant exchange rates, and the brand saw growth in all business…
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