Tag Archives: Richemont

Net-A-Porter invests in luxury jewellery with dedicated online platform

Luxury fashion retail group YOOX Net-A-Porter (YNAP) has launched its first dedicated online destination for fine jewellery and luxury watches to serve a fast-growing customer base seeking to purchase high-value items in a single click. The Fine Jewelry & Watch Suite, which is part of Net-A-Porter’s website, features an extensive fine jewellery collection from more

Jewellery brands boost business for Richemont in Q3

Luxury goods group Richemont has revealed better than expected sales growth for the third quarter as demand for jewellery and watches in Asia offset a challenging UK market. Company accounts for the third quarter ended December 31 2017 show a continued double digit growth of 13% in retail sales, underpinned by solid performances from the Jewellery Maisons

Richemont profit rockets as jewellery sales lift

Worldwide operating profits at Richemont have surged by 46% to €1.2 billion (£1bn) in the six months ended September 30. Unaudited accounts show sales increased by 12% at constant exchange rates, although the figure is flattered by the end of 2016’s inventory buy-back, which was recorded as a net negative for sales. “The positive sales

Kiki McDonough

Senior Richemont employee jumps across to Kiki McDonough as managing director

A luxury London jeweller has welcomed a new managing director to oversee its plans for international wholesale expansion. Céline Larose, who worked at Richemont for 15 years most recently as brand director for Vacheron, has joined Kiki McDonough as managing director with immediate effect. Brand founder, Kiki McDonough, said: “I am very much looking forward

Richemont reports a tough third quarter

Swiss luxury goods group Richemont is steeling itself for a tough few months following a disappointing third quarter. Third quarter sales for the three months to the end of December fell 4% at constant exchange rates (but increased 3% at actual rates) as the company saw business toughen in key markets. One highlight was the

Richemont reaches out to LVMH to create online megastore for all luxury brands

Richemont’s executive chairman has reached out to the heads of LVMH and Kering with an offer to join forces to create a global online portal for their luxury brands. LVMH houses luxury jewellery brands Chaumet, Bvlgari and De Beers, Richemont boasts Cartier, Piaget, Van Cleef & Arpels, while Kering has Gucci and Belanciaga. The path

Re-worked Serenity collection pays off for Fei Liu

Fei Liu has started the year with a surge of interest for its reworked 2015 jewellery collections. The Birmingham-based brand spent 2014 speaking directly to stockists about how to tailor jewellery to sell through. The company has funnelled that feedback into the re-designed Serenity collection that received its first public outing at Jewellery & Watch