The YNAP buy lit a rocket under Richemont sales last year, but it dented profitability. Yet the group remains strong with jewellery and watches buoyant while Chloé and Dunhill have seen good reactions to new products.
In the third episode of the LuxurynsightXFashionNetwork.com podcast series, Godfrey Deeny talks with Galeries Lafayette’s former international marketing manager about the new expectations of Chinese consumers.
The chief executives of Van Cleef & Arpels, De Beers and Tiffany & Co see strong growth prospects for lab-grown diamonds as fashion accessories but warned that they should not be compared with natural diamonds.
Richemont’s former CEO is the first guest of the FashionNetwork.com/Luxurynsight podcast series, in a striking interview with Godfrey Deeny on the meaning of luxury and on de Quercize's vision of the industry.
Buccellati, one of Italy’s last high-end independent jewelers, is actively seeking a buyer after its new Chinese owners pulled the plug on a 200-million-euro expansion plan, sources told FashionNetwork.com.
Cartier maker Richemont on Monday named group veteran Jerome Lambert as chief executive officer, as the luxury goods group posted a 10 percent gain in the five months to Aug. 31 on strong Asia revenues.