Cartier Archives - Page 8 of 8 - Inside Retail Asia

Asia remit for new Tiffany exec

Tiffany & Co has appointed a new Senior VP International: Philippe Galtie.

Cartier in exclusive T Galleria launch

Luxury jeweller Cartier has debuted new Clé de Cartier gold and steel collection exclusively at T Galleria by DFS.

Richemont warns of profit plunge

Luxury retailer Richemont blames derivatives for a 36 per cent profit plunge.

Hengdeli shifts focus to mid market

Chinese watch retailer and wholesaler Hengdeli Holdings is to expand into the mid market as it mainland China business grows.

Mall Group attracts major names

Tiffany & Co heads a list of major international brands confirmed as tenants of three Mall Group developments in the heart of Bangkok.

‘Significant decline’ in Richemont Asia sales

Luxury retail group Richemont says third quarter sales were down 12 per cent in Asia Pacific, on a constant currency basis. The company says worldwide sales in the quarter to December 31 were flat, with growth in Europe, the Middle East and the Americas offset by a significant decline in Asia Pacific. Swiss based Richemont is the world’s second largest luxury brand company and parent of the Dunhill, Cartier, Jaeger-LeCoultre, Montblanc, and Van Cleef & Arpels brands, along with onlin…

Asia downturn hurts Richemont

Swiss luxury retail operator Richemont says its first half earnings fell 24 per cent – largely due to slowing demand in Asia. The listed parent of a raft of brands including Piaget, IWC, Cartier and Shanghai Tang says sales in its key two markets China and Hong Kong fell two per cent year on year, eroding an increase in Europe, where the market is recovering. Asia accounts for about 40 per cent of the group’s sales. Its profit fell from €1.19 billion last year to €908 million. Sal…

Canadian jeweller to enter China

Canadian jeweller Maison Birks plans to open its first store in China in Beijing early next year. Canada’s jewellery market is becoming more competitive as other retailers flock and expand there. LVMH-owned De Beers will be opening its first Canada store in Vancouver, so is French jeweller Cartier which also plans Canadian expansion. Hence, Maison Birks is expanding globally to seek further growth outside its home market. Parent Birks & Mayors operates 31 Maison Birks in Canada and …

Richemont APAC slows

Richemont Group said sales growth in Asia Pacific in the first five months of the year slowed to four per cent from 12 per cent last year. The group, which owns Cartier, IWC Schaffhausen, Jaeger-LeCoultre and Vacheron Constantin, said prudent consumer sentiment reflected in slower sales in mainland China, but this was offset by good growth in Hong Kong, Macau and Japan. The crackdown on gift giving is also believed to have affected the group’s performance in China. Global sales for the …

Richemont to open own stores in India

Swiss luxury goods company seeks clearance to invest $25 million in India.

Diamonds to sparkle in China, India

Those precious gems are still a Chinese and Indian woman’s best friend…