Montblanc Archives - Inside Retail Asia
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion.
Asia Pacific has continued double-digit growth for Richemont for its third quarter to the end of December.
Richemont Asia-Pacific sales soared 23 per cent in the five months to the end of August, with China and Hong Kong performing particularly well.
Luxury goods retailer Richemont takes 5 per cent Dufry stake in US$470 million move into duty-free sector.
Richemont results released Friday in Europe showed group sales down 4 per cent, with watches down 15 per cent.
The closures of retail and luxury brand giants on China’s e-commerce platforms indicate that retail competition is no less fierce online than offline.
Luxury brands need to embrace new technologies, a Luxury Society event in Shanghai has been told.
Richemont Asia stores are set to be culled as the company reports sagging sales everywhere in the region except Mainland China.
The Watches & Wonders exhibition in Hong Kong may be cut back to every two years in the face of slipping luxury sales.
Luxury goods retailer Richemont has reported its first drop in Christmas retail sales in seven years, citing a downturn in Asia and fallout from the Paris terror attacks.
Taubman Asia, managing the Macau Studio City retail component, has named the tenants already signed up.
Tata Group subsidiary Titan Group has formed a new JV with Montblanc to retail pens in single brand retail stores in India.