Echoes of 2003’s SARs crisis and China’s mismanagement then are scaring investors away from luxury stocks as prices fell across the board on news that the Wuhan virus had spread to six other markets
First quarter 2019 performance for Farfetch and Richemont Group show that with the immense capital investments required for e-Commerce, it is not exactly the magic bullet for retail woes. At least not in the short term.
During negotiations finalising Richemont sale of French leather brand Lancel to Italian leather brand Piquadro, the Group completed purchase of Watchfinder. The conglomerate is now an eCommerce giant with Yoox-net-a-porter and used watch platforms.
Georges Kern has resigned Richemont. We take a look at his accomplishments at IWC, his marketing savvy and what Kern can actually deliver for Breitling.
Does Richemont’s divestiture of Shanghai Tang mean that Chinese Luxury Brands are doomed to fail? Hermes backed Shang Xia might prove otherwise
Deloitte’s annual Global Powers of Luxury Goods ranking sees LVMH, Richemont and Estée Lauder retain their places at the top of the list.