Johann Rupert
Financial
The Leather Age Dawns: Luxury Giants Fight for Share of Soft Accessories Market
The big groups are buying factories, courting artisans and pumping up their accessories offers.
Financial
Richemont Sales Climb 3.1%, With Net Profit Flat in Fiscal 2017-18
The Asia Pacific region delivered double-digit growth in the 12 months.
Mergers and Acquisitions
YNAP Approves Richemont’s Public Tender Offer
The YNAP board considers the share price of 38 euros “fair.”
Financial
Richemont Places Its First Euro Bond, Worth 3.75 billion
Net proceeds will be used for the group’s general corporate purposes and may fund the acquisition of YNAP.
Financial
Market Regulator Approves Richemont’s Proposed Takeover of YNAP
Richemont will publish its offer document on March 18.
Financial
Richemont Names Lambert, Perrin to New Roles, Reports Bumper H1 Growth
Company sales climbed 10 percent to 5.61 billion euros, while profits were up 80 percent to 974 million euros.
Business Features
What to Watch: Richemont Future-Proofs, Makes Long-Awaited Changes
Cartier’s parent has joined luxury groups in shaking up its business.
Essentialist
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