The gains were driven by brisk business in the Americas — up 47 percent versus 2019 — and Asia Pacific.

Richemont wants its brands and retailers to close the loop on sourcing, and sales, with the ultimate aim of achieving carbon neutrality. 

The Danish Lindberg brand will continue to remain independent, leveraging Kering Eyewear’s organization to further grow globally.

Services on Mr Porter include the possibility of trading in used timepieces for credit.

Richemont acquired the Belgian brand Delvaux from First Heritage Brands, a vehicle of Hong Kong billionaire brothers Victor and William Fung.

The luxury group said it would leverage its digital capabilities, to develop Delvaux’s omnichannel opportunities.

Ruling in a counterfeiting case, an Italian court has recognized Dior’s exclusive right to the Book Tote bag and its signature stripe.

Daniela Ott, general secretary of the Aura Blockchain Consortium, says technology is bringing brands and consumers closer together.

The capsule collection will hit stores in November.

Alain Bernard has stepped down as Richemont’s CEO for North America to start a purpose-driven consulting agency, Abbey Road Advisory.

Industry veteran Daniela Ott has worked in luxury hotels, at Kering, and ran her own consultancy.

Vacheron Constantin is opening a 4,500-square-foot flagship on 57th Street in New York.

The Swiss watchmaker is opening a temporary café with Art Deco references in Shanghai to mark the Reverso timepiece.

His fashion start-up AZ Factory is also releasing handbags and leisurewear, product ranges finalized by the designer before his passing.

The company said it has seen a “strong start” to the new fiscal year as Johann Rupert paid tribute to Alber Elbaz, who died in April.