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Richemont lifts dividend 5% as online platforms boost sales

Richemont lifts dividend 5% as online platforms boost sales

17/05/2019 - 08:52
Richemont chair John Rupert says group sales rose 27%, 'reflecting growth across all business areas and distribution channels.' read more
LVMH keeps rivals on their toes with strong first quarter

LVMH keeps rivals on their toes with strong first quarter

11/04/2019 - 08:46
Louis Vuitton owner LVMH set a high bar for rival luxury goods companies trying to capitalise on Chinese demand for high-end handbags and clothing, with stronger-than-expected sales growth in the first quarter. read more
Online sales boost luxury goods group Richemont’s earnings

Online sales boost luxury goods group Richemont’s earnings

14/01/2019 - 09:04
Johann Rupert’s Richemont, the luxury goods group that was initially cautious about e-commerce, has seen online businesses YOOX Net-a-Porter (YNAP) and Watchfinder giving its earnings a handy boost.  read more
Versace acquisition: Michael Kors needed to boost its credibility to make it in the luxury market

Versace acquisition: Michael Kors needed to boost its credibility to make it in the luxury market

15/10/2018 - 14:31

By acquiring the prestigious Italian fashion house, Versace, American group Michael Kors enters the luxury world, despite a lack of experience in the sector. It’s a risky move, but one that makes financial sense.

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Richemont finds a new online paradigm

Richemont finds a new online paradigm

21/09/2018 - 08:57
Rupert family-controlled luxury goods conglomerate Richemont remains one of the default options for investors rattled by a ravaged rand, despite a rather demanding market rating. read more
Richemont names veteran Jérôme Lambert as new CEO

Richemont names veteran Jérôme Lambert as new CEO

10/09/2018 - 14:08
Luxury goods group Richemont has promoted Jérôme Lambert to the position of group CEO, with immediate effect. read more
Booming online luxury goods sales convert watchmakers to the web

Booming online luxury goods sales convert watchmakers to the web

26/03/2018 - 10:20
A boom in online luxury goods sales is finally convincing high-end watchmakers, long sceptical that customers would pay thousands to buy timepieces on the web, to step up investments in e-commerce. read more
LVMH stock nears record high as revenue beats forecasts

LVMH stock nears record high as revenue beats forecasts

12/10/2017 - 08:32
Shares in LVMH climbed towards record highs on Tuesday, after the world’s biggest luxury goods company reported stronger than forecast revenue growth for the third quarter. read more
Taste halts sale of luxury business

Taste halts sale of luxury business

20/07/2017 - 09:41
Taste Holdings has suspended the auction of its jewellery and high-end watch business after failing to find a buyer willing to pay an asking price of as much as R400m, according to two people familiar with the matter. read more
LVMH has luxury market in the bag as shares soar

LVMH has luxury market in the bag as shares soar

12/04/2017 - 11:10
Paris — LVMH shares rose to a record in Paris after the luxury leader’s sales far exceeded estimates on rebounding demand for items from Louis Vuitton bags to Hennessy cognac. read more
More luxury retailers opened stores in London than any other city in 2016

More luxury retailers opened stores in London than any other city in 2016

27/02/2017 - 13:58
London’s status as the world capital for luxury retail has been reinforced with new data showing it had more luxury store openings than any other city in 2016. read more
Richemont slides on weak sales growth

Richemont slides on weak sales growth

13/09/2013 - 10:04
Johannesburg - Johannesburg-listed shares of Richemont slide nearly 3 percent after the Swiss luxury goods groups says sales in the five months through August rose 9 percent, just shy of forecasts, hit by weak demand for its watches in China. read more
Prada shrugs off slowdown concerns

Prada shrugs off slowdown concerns

07/12/2012 - 07:49
Hong Kong/Milan - Italian fashion house Prada SpA beat forecasts with a 30% rise in third-quarter net profit, shrugging off concerns about a slowdown in demand for luxury goods. read more
US Study: Half of consumers to buy luxury items in next six months

US Study: Half of consumers to buy luxury items in next six months

14/11/2012 - 10:02
New York -- Survey results released Tuesday by Accenture found that half of U.S. consumers are likely to make a small luxury purchase in the next six months, including 53% who are likely to purchase specialty food or drinks, 48% to purchase luxury clothing and 48% to purchase luxury personal care products. read more
Co-CEOs to replace Richemont's Rupert

Co-CEOs to replace Richemont's Rupert

12/11/2012 - 08:12
Johannesburg - Richemont [JSE:RCH] on Friday named Cartier chief Bernard Fornas and deputy chief executive Richard Lepeu as joint CEOs to navigate the luxury goods group through a period of slowing sales growth in its important Asian markets. read more
Luxury goods send JSE to 17-year-high

Luxury goods send JSE to 17-year-high

02/11/2012 - 09:23
Johannesburg - South African stocks closed at all-time highs on Thursday led by Swiss luxury goods group Richemont [JSE:CFR] after a brokerage upgrade and as the market found support from positive economic data from the United States and China. read more
Burberry Advances Most in Three Years as Sales Bring Relief

Burberry Advances Most in Three Years as Sales Bring Relief

12/10/2012 - 10:21
Burberry Group Plc, (BRBY) the U.K.’s largest luxury-goods maker, rose the most in three years in London trading after reporting a partial recovery in retail sales growth since September’s profit warning.  read more
Richemont shares drop nearly 5%

Richemont shares drop nearly 5%

12/09/2012 - 09:07
Johannesburg – Shares in luxury group Richemont [JSE:CFR] dropped nearly 5% in midmorning trade on the JSE on Tuesday in what traders attributed to profit-taking following the release of a profit warning by Burberry Group - another luxury group listed in London.  read more
‘Luxury goods to buck downtrends’

‘Luxury goods to buck downtrends’

17/11/2011 - 10:21
Sales of luxury goods are holding steady in developed countries because most affluent shoppers have retained their buying power, according to international credit rating agency Standard & Poor's (S&P). read more
Richemont profit up 63%

Richemont profit up 63%

19/05/2011 - 07:53
Johannesburg - Swiss based luxury goods group Richemont on Thursday reported a 79% rise in diluted earnings per share from continuing operations to €1.8925 from €1.076 previously.  read more