the decline of multibrand e-tailers
Translated by Nicola Mira Published Nov 20, 2023 Physical stores have never been as buoyant as now. After the end of the pandemic, luxury consumers have eagerly embraced in-person shopping …
Richemont
Exclusivity the name of the game as luxury firms target China’s wealthiest for growth
By Reuters Published Nov 19, 2023 The world’s biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang. Shanghai-based Wang, an …
Cartier opens new store in New York City’s SoHo
Luxury jeweler Cartier announced on Friday the opening of its newest boutique in New York City, bowing in the Big Apple’s SoHo neighborhood. Cartier Located at 102 Greene Street, the …
Rich Chinese shoppers’ appetite slows as confidence falters
By Bloomberg Published Nov 15, 2023 Global luxury retailers counting on wealthy Chinese shoppers to raise their sales might be dismayed by recent reports pointing to a slowdown in their …
The diamond world takes radical steps to stop a pricing plunge
By Bloomberg Published Nov 13, 2023 When the world’s most important diamond buyers arrived at De Beers’ offices in Botswana late last month, they were presented with a rare offer …
Chief Operating Officer Karlheinz Baumann joins the Management Board
Translated by Cassidy STEPHENS Published Nov 10, 2023 At the same time as the publication of its half-year results, Richemont has announced the promotion of Karlheinz Baumann. Appointed COO this …
Fashion holds its own for Richemont in tough H1, Alaïa, Delvaux, Peter Millar shine
Richemont’s latest results report on Friday was weaker than had been expected as the owner of Chloé, Dunhill and Alaïa faced affluent consumers becoming almost as cautious as those further …
The luxury industry takes a very close interest in the fine jewellery sector
Translated by Cassidy STEPHENS Published Nov 10, 2023 More than ever, ateliers and fine jewellery houses are attracting the interest of major luxury players. Rumours and announcements bounce from one …
Making Farfetch fashionable to investors again is a stretch
By Bloomberg Published Nov 10, 2023 When Farfetch Ltd. came to market in a $7 billion initial public offering in 2018, it promoted itself as a way to tap into …
Farfetch, Richemont announce EU approval of YNAP deal
By Reuters Published Oct 23, 2023 European authorities have given the green light for online luxury retailer Farfetch to purchase a stake in rival Yoox Net-A-Porter from Richemont, the Cartier …