Analyst Erwan Rambourg spells out his case in his latest book, “Future Luxe.”
In May, Johann Rupert said he wanted to compensate shareholders after slashing last year’s dividend, and thank them for sticking with the company through COVID-19, and beyond.
Taking their cue from companies such as De Beers, Richemont and Chanel, top diamond cutters and polishers have committed to shrinking their own carbon footprint, and becoming more sustainable businesses in the medium term.
In its newly published Sustainability Report 2020, the parent of Cartier has laid out short-, medium- and long-term environmental goals, and is looking to strengthen its relationship with staff and suppliers.
The parent of Cartier and Van Cleef & Arpels saw all geographies, categories, sales channels suffer from the impact of COVID-19.
Fortunato was named chief executive officer of Richemont’s fashion and accessories maisons earlier this month, and will take up his role on Sept. 1.
Markets and fairs have been thriving since ancient days, surviving war, invasion, and plagues far worse than COVID-19. Like myriad other industries, fashion can tailor its large-scale events around the current crisis with technology, creativity — and a leap of faith.
High-end watch sales may be down, but they’re not out, thanks to flush local customers and brands’ wholehearted embrace of e-commerce.
The luxury giant said it saw “significant interest from investors,” reflecting its strong cash generation, and said it wanted to raise money ahead of “potentially tougher times ahead.”
The designer collaborated with French fashion chain Gerard Darel.
Outlet businesses have proven challenging for international retailers. The Outnet, another shopping site from YNAP, exited China in 2015.
Underlying profit was broadly flat, while operating profit climbed 3 percent in the six months.
Having just inked a deal with Richemont, Alber Elbaz is looking at fashion, luxury and the act of making and dressing in a new light.
Richemont inked a joint venture with Alber Elbaz on Friday, but markets appear more interested in other movements that could potentially impact the luxury giant.