Richemont

Richemont started commercializing jewelry but has become one of the biggest luxury holdings on the world by revenue. Richemont was founded in 1988, when the Rupert family decided to split the international business of the Rembrandt group, the family business.

Swiss conglomerate offloads Baume & Mercier to Italian jewelry and distribution family business Damiani. The duo highlights Italy’s synergies and the prominence of the multi-brand channel, aiming for a summer 2026 closure.

As the luxury sector reshuffles, Richemont leans on its most resilient asset: jewelry. With double-digit growth, the Swiss conglomerate enters the conversation on which player can withstand the industry’s slowdown best.

Richemont Sparkles with 11% Sales Rise, Driven by Jewelry Demand

The Swiss conglomerate wrapped up the October to December quarter with revenues hitting €6.399 billion. The jewelry division saw a 14% increase, driven by the powerhouse brands Cartier and Van Cleef & Arpels.

Richemont Thrives Amid Luxury Slowdown: Reports Fourfold Profit Increase

In the face of global turmoil, the world’s second-largest luxury conglomerate sees profits soar, outperforming industry giants like LVMH and Kering. Richemont attributes its success to a “moderate” pricing strategy.

Richemont Strengthens Dunhill with Former Cartier Exec as CEO

Matthew Ives steps in as CEO, succeeding interim leader Andrew Holmes from 2024. The British executive will report directly to Philippe Fortunato, head of the Swiss luxury group’s fashion and accessory maisons.

Richemont’s First-Quarter Resilience: Jewelry Shines Amid Watch Challenges

The Swiss luxury conglomerate behind Cartier and Montblanc closes the first quarter with a 3% growth, despite a 7% decline in its watchmaking segment and sluggish performance in Asia.

LVMH, Richemont and Kering ended 2020 decreasing by 1.3 points in their average gross margin. They also lost €13,000 million in sales in a year.

The Swiss luxury conglomerate, which controls Cartier, Montblanc and Yoox Net-a-Porter, among others, has reached sales of 11 billion euros (12.3 dollars) between April and December.

The Swiss luxury holding has opened its first Chloé store in Zurich. The group is already present in the country through concessions in multibrand stores like Vestibule and Maison Gassmann.

The Yoox Net-a-Porter group, owned by luxury holding Richemont, has appointed Fiona Firth, until now buying director of Mr Porter, as new managing director of the menswear ecommerce platform.

The Swiss luxury holding, owner of Montblanc or Cartier, has ended the period with a revenue of 8 billion dollars.

Ricchardo Bellini takes the reins of the luxury firm after two years at the helm of Maison Margiela.

The former creative director of Lanvin and the Swiss luxury holding, owner of brands like Cartier or Montblanc, have created a joint venture for the development of the new brand.

The womenswear company opened this month two pop up stores in France and China in which its customers can personalize products as part of the groups new strategy.

The Swiss holding has announced today the launch of a new platform of Net-a-Porter inside the Luxury Pavilion, a destined luxury division inside Tmall.

The Swiss luxury holding has acquired the historic Italian jewelry brand owned up until now by Gangtai Group.

Eric Vallart, who was until now head of fashion of the Swiss group, has left the company for personal reasons. He has not been replaced yet, said Richemont in a press release.

The Swiss luxury cluster has explained that the obtained result on the exercise is because of Ynap’s share appreciation before takeover bid.

The company gained 2.25 billion euros, contrasting with the 974 million euros from the same period last year. The corporation’s revenue was promoted a 21%, reaching the figure of 6.8 billion euros.

The Swiss luxury group has signed an agreement with the Chinese company founded by Jack Ma to introduce Yoox Net-a-Porter in the Asian country through the launch of two mobile apps and the opening of an online store in Tmall.

The Swiss luxury group has delisted today Yoox Net-a-Porter from Milan’s Stock Exchange, following the takeover bid launched last March to gain back control. Earlier this month, Richemont bought second-hand watch ecommerce platform Watchfinder.

The luxury group closed the deal with the Italian manufacturer of leather bags and accessories, which comes only a few days after the acquisition of second hand online retailer Watchfinder and taking over Yoox Net-a-Porter.

The Swiss luxury group, which is about to close Yoox Net-a-Porter’s acquisition, registered a turnover of 10.98 billion euros during last fiscal year (closed on March 31).

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