LONDON — Compagnie Financière Richemont, parent of brands including Cartier, Dunhill, Lancel and Chloé, is set to report its first-half results on Friday morning, and there is no doubt that analysts and the press alike will be peppering company principals with questions about possible disposals in the firm’s soft luxury division.
However, according to an internal company memo seen by WWD and signed by Richemont’s chairman and principal shareholder Johann Rupert, there are no disposals or initial public offerings in the cards.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)