Por: MarketWatch Business November 11, 2022
Richemont booked a 16% organic rise in sales in the first half to 9.68 billion euros ($9.88 billion), with growth accelerating in the second quarter thanks in part to an easing of strict pandemic restrictions in China, where growth in the latter three months was flat. In Europe, revenue was driven both by local clientele and tourists lured by the strong U.S. dollar. Richemont's core jewelry business, home to the Cartier and Van Cleef &... + full article
CNBC USA Business February 01, 2023
A salesperson showing the limited edition launched by Emporio Armani to welcome the Year of the Tiger at a duty-free store in Haikou, south China's Hainan Province, January 15, 2022.Zhou Huimin Xinhua News Agency Getty ImagesStocks of many luxury fashion houses reliant on... + más
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Forbes USA Life January 28, 2023
Stanislas de Quercize and Marana Serban of Elements Innovate at Caviar Kaspia, Paris, for a Qannati ... [+] luxury watch eventElements Innovate Two former Cartier executives have partnered to create a firm that combines a traditional consultancy for luxury brands with a... + más
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CNBC USA Business January 27, 2023
In this articleBernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023.Gonzalo Fuentes ReutersLuxury giant said China's wealthy consumers have started... + más
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CNBC USA Business January 18, 2023
Peter Cade Stone Getty ImagesLuxury shoppers are getting wealthier and younger, with purchases by some of the newest consumers expected to grow three times faster than older generations over the next decade, according to a new report.Generation Y, also known as millennials, and... + más
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MarketWatch USA Business January 18, 2023
posted revenue of £756 million ($934 million), while the consensus call among analysts was for £805 million, according to FactSet. Third-quarter comparable-store sales increased by 1%, partly because of disruptions related to Covid-19 in China, Burberry said. That’s compared... + más
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CNBC USA Business January 13, 2023
Handbags displayed in a Chanel SA store window at the Avenuel department store, operated by Lotte Shopping Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021.SeongJoon Cho Bloomberg Getty Images Whether it's calf-leather Italian Prada bags or classic, checkered... + más
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Forbes USA Life October 01, 2022
The Piaget Polo Date timepiece with green dial and alligator strap© Piaget Throughout the pandemic Piaget was largely quiet as the company was in a transitional phase. Chabi Nouri, the first woman to lead a Richemont-owned watch brand, was replaced in 2021 by Benjamin Comar,... + más
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