Richemont Archives - Inside Retail Asia
Protests in Hong Kong have likely contributed to an unexpected drop in revenues for Richemont sales in a key luxury market.
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion.
Richemont sales in Asia Pacific surged 20 per cent in the first half of this year.
Alibaba is to launch Yoox Net-A-Porter China after entering into a partnership with Yoox’s owner, Swiss luxury fashion group Richemont.
Swiss luxury holding firm Richemont is in talks to acquire jewellery manufacturer Buccellati from Chinese holding company Gansu Gangtai.
Double-digit growth in Mainland China, Hong Kong, Korea and Macau have helped boost Richemont sales.
Richemont has moved to take full ownership of e-commerce company Yoox Net-a-Porter (YNAP).
Asia Pacific has continued double-digit growth for Richemont for its third quarter to the end of December.
Shanghai Tang is to go global with stores in Paris and Milan as well as more cities in Mainland China.
Richemont Group has bought out Italian leather supplier Serapian for an undisclosed amount.
Asia Pacific accounted for 39 per cent of group sales for Richemont’s half-year to September 30.
Cartier has teamed with Kering Eyewear for its latest eyewear collection.