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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Apr- 2018 -23 AprilE-Commerce
Yoox Net-A-Porter launches fine jewellery platform
Online fashion retailer Yoox Net-A-Porter (YNAP) has launched its first dedicated online destination for fine jewellery and luxury watches. The platform, part of the Net-A-Porter website, features a fine jewellery collection from more than 40 brands, including Piaget, Cartier, Pomellato, Tiffany & Co and Buccellati. Customers will also be able…
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Mar- 2018 -15 MarchE-Commerce
Richemont’s Yoox Net-a-Porter acquisition approved by Italian regulator
Italian market watchdog Consob has given the green light for Richemont’s takeover of luxury online retailer Yoox Net-A-Porter (YNAP). Swiss-based Richemont, which owns brands such as Cartier, Montblanc and Dunhill London, already has a stake in the YNAP Group, but in January made a public tender offer to buy the…
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Dec- 2017 -13 DecemberCurrent Affairs
Cartier boycotts Myanmar ‘genocide gems’, pressure mounts for Signet, Bulgari
Cartier will stop trading in precious stones from Myanmar following pressure from consumers to stop selling ‘genocide gems’. The International Campaign for Rohingya (ICR), advocates for the Rohingya people, called on its 70,000 supporters to lobby the jewellery brand through text messages, calls and emails. The Rohingya are a Muslim…
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Jan- 2017 -12 JanuaryEconomy
UK jewellery and watch sales help Richemont return to growth
Richemont has reported a 5% increase in total sales in the third quarter (Q3) of its financial year, boosted by strong jewellery and watch sales in the UK. The Swiss luxury goods group – owner of jewellery and watch brands such as Cartier, A. Lange & Sohne, Jaeger-LeCoultre and Vacheron…
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Jan- 2016 -18 JanuaryWatch Focus
Richemont sales fall 4% as demand for watches slumps
Richemont, the Swiss luxury goods group, has announced a disappointing fourth quarter amid falling demand for watches. The group reported that in the third quarter, ending 31 December, sales fell by 4% at constant exchange rates (increased 3% at actual exchange rates) as sales were affected by weak trading in…
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Sep- 2015 -16 SeptemberInternational
Richemont Group posts 4% sales rise
Richemont has announced its sales for the five months ended 31 August 2015 increased by 4 % at constant exchange rates. Ahead of its Annual General Meeting held today in Geneva, Richemont announced that at actual exchange rates, sales rose by 16%, positively affected by the weakening of the euro against the…
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Jun- 2015 -9 JuneE-Commerce
Richemont invites LVMH and Kering to create new online store
The chairman and CEO of Richemont, Johann Rupert, has invited LVMH and Kering to create a new online luxury retail store to compete with Amazon. Speaking at the Financial Times Business of Luxury event in Monte Carlo, Rupert said that he had spoken to Bernard Arnault CEO at LVMH, which…
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Nov- 2014 -7 NovemberEconomy
Jewellery spurs 2% sales rise for Richemont Group
Richemont, the Swiss luxury goods group, has reported a 2% rise in sales citing the “international demand for jewellery” which saw the group’s jewellery sales grow by 10% at constant exchange rates. In its unaudited consolidated financial results for the six months ended September 30 2014, Richemont reported a 2%…
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Jan- 2013 -14 JanuaryManufacturers
Swatch Group acquires Harry Winston in £465 million takeover
Swiss watch manufacturer Swatch Group has acquired the luxury jewellery arm of Canada’s Harry Winston in a deal to expand into luxury bracelets, rings and necklaces.
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Nov- 2012 -19 NovemberTrade Organisations
Fondation de la Haute Horlogerie to support RJC
The Responsible Jewellery Council (RJC) has recently added the Fondation de la Haute Horlogerie (FHH) to its list of official supporters.
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