Profits dip at RichemontSubscription
Swiss luxury goods group Richemont, the parent company of jewellery and watch brands including Cartier, Panerai and Jaeger-LeCoultre, saw operating profits dip by 4% in the six months to September 30, 2014.
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.
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.
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%Subscription
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.
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.
Richemont to hire 1,900 to meet demandSubscription
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%.
Watch and jewellery sales soar at RichemontSubscription
French luxury goods group Richemont has reported strong sales growth of 33% across all segments and regions and record sales of watches and jewellery in its financial results for the year ended March 31, 2011.
French luxury goods group Richemont has nominated Maria Ramos to have a seat on its board of directors.
American diamond company Harry Winston has appointed Cyrille Baudet as its group chief financial officer and has restructured its finance group.
Richemont Q3 sales soarSubscription
Luxury goods group Richemont enjoyed double-digit growth in all of its business areas in Q3 but said it expects a “challenging” Q4 when it will face tougher prior-year comparatives and a stronger Swiss Franc squeezing its gross margin.
Watch brand Technomarine SA has appointed Jacques-Philippe Auriol as its CEO with immediate effect.
Responsible Jewellery Council certifies CartierSubscription
The Responsible Jewellery Council (RJC) has announced that French jewellery brand Cartier has become certified against the ethical, human rights, social and environmental standards established in its Member Certification System.
Market research company Verdict has forecast that sales at Swiss luxury goods group Richemont will surpass the €6bn (£5bn) mark next year, but warned the company must “not lose sight” of the European market as it builds its presence in Asia.
Luxury Jewellery brand Cartier, which is part of Richemont, has offered students at the School of Jewellery at Birmingham City University work placements, as well as providing assistance with studio and equipment.
The Swiss luxury goods group Richemont’s end of year report reveals a modest 4% decline in sales to €5,176m (£4,415m), from €5,418m (£4,622) year-on-year. The results followed a wave of stockists reduced inventories and currency translation losses, which affected profits.