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RICHEMONT GROUP
India's luxury promise hits a wall, not enough malls to shop inIndia's wealthy are eager for luxury brands like Louis Vuitton and Chanel. However, a critical lack of prime retail locations is slowing th...- West Asia conflict hits luxury brands; Richemont, Zegna exposedWest Asia crisis deepens luxury slowdown as Richemont and Zegna face risks. Israel-US strikes on Iran shut airspace and key hubs like Dubai...
- How vulnerable are luxury brands to the Middle East conflict?Israeli and US attacks on Iran and Tehran's response forced the closure of airspace across parts of the Middle East and shut key airports...
- Switzerland wins tariff rate cut to 15% in US trade dealSwitzerland's crippling 39% tariffs on U.S. goods are set to be slashed to 15% following a breakthrough trade agreement. U.S. Trade Represe...
- LVMH breakup goes from ‘why?’ to ‘why not?’Investor discussions are intensifying around splitting up LVMH Moet Hennessy Louis Vuitton SE. Separating Moet Hennessy and potentially Sep...
- Farfetch to be acquired by Coupang for $500 millionFarfetch, which is based in London, was once feted as the most dominant force in luxury fashion. It went public on the New York Stock Excha...
- The Paris heist: Armed gang robs jewellery worth millions from Piaget storeAn armed gang robbed a Piaget store in Paris on Tuesday, making off with a loot valued at roughly 10-15 million euros. Three people were in...
- Elevated yields keep European shares under pressure, luxury stocks shineThe pan-European STOXX 600 index skidded 0.1% by 0812 GMT after hitting a one-week low in the previous session.
- European shares notch new highs as Richemont leads surge in luxury stocksThe pan-European STOXX 600 was up 0.1 per cent as of 0828 GMT, hitting a new peak in early trading.
- Israeli fashion designer Alber Elbaz, who spent 14 yrs at the helm of Lanvin, passes away at 59 due to CovidElbaz was working with Richemont with the aim of launching his own label.
- European shares flat amid trade woes; plastics packager RPC gainsThe pan-European STOXX 600 index was flat by 0709 GMT after ending on Friday just above its lowest closing level since early April.
- Smartwatches are giving Swiss watches a tough timeWith changing consumers tastes, global shipments of smartwatches surpassed those of Swiss watches in February.
- Titan, Gitanjali Gem, PC Jewellers feature in top 100 luxury goods brandsThe report said the world’s 100 largest luxury goods companies generated sales of $222 billion in financial year 2014, 3.6% higher year-on-...
- Eastern Germany is becoming the watchmaking capitalGlashuette,the town of 7,000 is home to the greatest concentration of worldclass watchmakers outside of Switzerland — with a business that’...
- Luxury giant Richemont says net profit up 3.0% despite slowing China salesSwiss-based luxury giant Richemont on Thursday said its net profit rose by 3.0 per cent in its financial 2013-2014 despite falling sales.
- Montblanc inks joint venture with TitanMontblanc plans to enhance the luxury experience to customers in India where it first opened its boutique at Delhi's Maurya hotel in the ni...
- Richemont group to enter Indian luxury retail marketThe entry could be a boost for the country's luxury retail sector, which represents a tiny fraction of global luxury brands' sales.
- Rising luxury business spurs demand for niche coursesWith luxury companies setting up base in India, there is a growing demand for managers armed with specialized management degrees in luxury.
- Montblanc: Watch gets mightier than pen as company shifts focus"In the next five years or so, watches have the chance to become bigger than writing instruments," CEO Lutz Bethge said in an interview.
- Keen to develop Panerai in upcoming cities in India: Angelo BonatiBonati was in Mumbai recently, to check progress on Panerai's first boutique in the country that will open at the Taj Mahal Palace and Towe...
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