Richemont
6 articles
High-end jewelry market sees unprecedented growth
Richemont's jewelry segment has now achieved its seventh consecutive quarter of double-digit sales growth, defying broader economic slowdowns.
Damiani Group Buys Baume & Mercier Watch Brand From Richemont
After months of anticipation, the Damiani Group has officially taken full ownership of the 193-year-old luxury watch brand Baume & Mercier, marking a significant shift in the high-end timepiece ma
Richemont and Alber Elbaz Launch AZfashion to Support Emerging Designers
Six emerging designers, fresh from a year-long postgraduate program, are set to launch commercial capsule collections at a Paris Fashion Week pop-up, backed by luxury giant Richemont.
Richemont revenue soars 11% to $26B on jewelry sales
Richemont's jewelry brands alone surged by 14% to $19.
Compagnie Financière Richemont SA posts 11% sales growth in Q3
Hermès's stock plummeted 8% after missing Q1 analyst expectations, a stark contrast to Compagnie Financière Richemont SA's reported 11% increase in Group Q3 sales to €6.
Luxury Brands Destroy Millions in Inventory, Face Ethical Dilemma
Richemont, the owner of Cartier and Montblanc, destroyed an astonishing $563 million worth of watches over just two years to prevent them from being sold at a discount, as reported by Vox .