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Richemont

News and articles about Richemont

Cartier

Richemont appoints Van Cleef & Arpels CEO as new Cartier CEO

Richemont has announced the appointment of Stanislas de Quercize as the chief executive officer of Cartier to succeed Bernard Fornas, by the end of this calendar year.

A Lange & Söhne is one of the Richemont Group's watch brands

Q4 watch and jewellery sales increase at Richemont

Sales at constant exchange rates increased by 24% at Swiss luxury goods group Richemont for the three months ended December 31, 2011, with watch and jewellery sales also showing growth.

Cartier has performed well for Richemont

Cartier and Van Cleef & Arpels perform well for Richemont

Specialist watchmakers’ sales increased by 30% and jewellery sales grew by 34% at Richemont, for the six month period ended 30 September 2011.

Sales at Richemont increase 35%

Sales at Richemont for the five months ended August 31 2011 increased by 29% at actual exchange rates and by 35% at constant exchange rates.

Cartier produced strong sales for Richemont

Richemont results boosted by record jewellery and watch sales

Luxury goods group Richemont has reported a 33% increase in sales to €6,892 million (£6,123 million) and a 63% increase in operating profit to €1,355 million (£1,204 million) in its annual report and accounts for the year ended 31 March 2011.

Swiss luxury goods group Richemont plans to hire 1,900 people over the next two years in order to meet demand, following a successful first quarter that saw its net profits surge by 79%. Pictured: Piaget

Richemont to hire 1,900 to meet demand

Swiss luxury goods group Richemont plans to hire 1,900 people over the next two years in order to meet demand, following a successful first quarter that saw its net profits surge by 79%.

Piaget

The finer things: Luxury products

Sales of luxury products are soaring and consumers are increasingly happy to splash their cash online as brands begin to master premium web retailing

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Fast Facts on
Wedding rings

  • 860 AD:The year Christians started using rings in marriage ceremonies.
  • 4th:The finger the ring is placed on.
  • 2,200BC:The year of the oldest recorded exchange of wedding rings in ancient Egypt.
  • 1854:The year in which the manufacture of 15ct, 12ct and 9ct became legal.

Photo from William Cheshire