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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
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
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
Cartier loses landmark legal case against counterfeiters

Cartier loses landmark legal case against counterfeiters

14/06/2018 - 09:18
Cartier’s owner has lost a landmark legal case in the Supreme Court as it was ruled that the retailer must foot the bill to block sites selling counterfeit goods. read more
Richemont lifts its game plan with Watchfinder deal

Richemont lifts its game plan with Watchfinder deal

13/06/2018 - 09:14
Richemont, the Swiss luxury brands group run by the Rupert family, has taken another step in its aggressive plan to build a formidable retail network.  read more
Asia-Pacific region lifts Richemont

Asia-Pacific region lifts Richemont

11/01/2018 - 13:25
Luxury goods retailer Richemont said on Thursday that wholesale revenue declined while retail revenue grew in the nine months to end-December, reflecting the company’s shift from traditional retailers to online-based sales. read more
Strong performance in Asia-Pacific helps Richemont return to growth

Strong performance in Asia-Pacific helps Richemont return to growth

10/11/2017 - 15:34
A 23% surge in luxury watch and jewellery sales in Richemont’s largest market, Asia-Pacific, helped the group return to growth in the first half of its financial year. read more
Richemont makes up for lost time

Richemont makes up for lost time

19/10/2017 - 11:17
The market’s faith in Richemont appears to have been vindicated by the latest update from the luxury goods company. read more
Luxury goods group Richemont sharpens online focus with two new appointments

Luxury goods group Richemont sharpens online focus with two new appointments

22/09/2017 - 09:18
Luxury goods retailer Richemont has signalled a shift in focus with the creation of a new role — chief technology officer. read more
Asia remains Richemont’s main sales driver

Asia remains Richemont’s main sales driver

13/09/2017 - 10:03
Asia was again the main driver of sales growth at Richemont, the world’s second-biggest luxury goods group said in a trading update on Wednesday, ahead of its AGM. read more
Analysts predict some upside for Richemont

Analysts predict some upside for Richemont

15/08/2017 - 08:43
As the JSE flirts with new highs, analysts are divided as to whether one of its top performers, Richemont, can continue to support the market into the last quarter of 2017. read more
 Rupert’s luxury watch chief at Richemont resigns

Rupert’s luxury watch chief at Richemont resigns

14/07/2017 - 11:20
Richemont’s head of watchmaking, marketing and digital resigned with immediate effect, Johann Rupert’s luxury goods group announced on Friday. read more
Richemont sells Shanghai Tang as China prefers foreign swank

Richemont sells Shanghai Tang as China prefers foreign swank

05/07/2017 - 09:01
Geneva - Richemont has sold Hong Kong-based dressmaker Shanghai Tang, showing that a Chinese name still doesn’t have the same ring to luxury shoppers as a French or Italian one. read more
Richemont snips less than stellar luxury brand

Richemont snips less than stellar luxury brand

04/07/2017 - 09:32
Richemont has parted ways with Chinese luxury brand Shanghai Tang, after owning it for 19 years — the last nine as the 100% shareholder. read more
Rupert's Richemont bets on duty-free

Rupert's Richemont bets on duty-free

22/05/2017 - 13:10
Johann Rupert, the billionaire who controls Cartier owner Richemont, envisions a future in which humans are displaced by robots in the workplace and have all the time in the world to travel. read more
Richemont’s full-year net profit plummets

Richemont’s full-year net profit plummets

12/05/2017 - 09:58
Luxury goods maker Richemont on Friday reported a 46% slide in net profit to €1.21bn in the year to March partly due to the one-off gain on the merger of Net-A-Porter with Yoox in 2015. read more
Richemont falls after Swatch releases profit warning

Richemont falls after Swatch releases profit warning

15/07/2016 - 11:52
ZURICH — Richemont fell 3% to R84.16 on the JSE on Friday morning after its competitor Swatch said its first-half profit would slide 50%-60% on dwindling sales in Hong Kong and Europe. read more
Richemont co-CEO Fornas to retire, Cartier CEO promoted - Switzerland

Richemont co-CEO Fornas to retire, Cartier CEO promoted - Switzerland

18/03/2016 - 09:45
Geneva - Richemont [JSE:CFR] said co-Chief Executive Officer Bernard Fornas will retire as the world’s largest jewellery maker is in the midst of a job-cut plan at its top watch making brands, including Cartier, Vacheron Constantin and Piaget. read more
Johann Rupert R23bn poorer so far this year

Johann Rupert R23bn poorer so far this year

12/01/2016 - 08:26
Cape Town - South African billionaire executive Johann Rupert has become $1.5bn (about R23.22bn) poorer so far this year compared to last year, according to the daily Bloomberg Billionaires Index. read more
Richemont invites LVMH to join luxury retail website - France

Richemont invites LVMH to join luxury retail website - France

10/06/2015 - 08:50
Paris - Richemont [JSE:CFR] chairperson Johann Rupert invited LVMH Moet Hennessy Louis Vuitton and Gucci owner Kering to join in an attempt to build a luxury retail website that can compete with the world’s largest online vendors. read more
Retail: Richemont plays catch-up

Retail: Richemont plays catch-up

06/05/2015 - 09:32
Swiss luxury goods maker Richemont is rolling out high-tech straps to counter the smartwatches designed by Apple and others.  read more
Franc's revaluation ails Richemont

Franc's revaluation ails Richemont

19/01/2015 - 10:56
Johannesburg - The dramatic revaluation of the Swiss franc has resulted in completely opposite fortunes for two South African companies with Swiss interests.  read more
Richemont slides on ‘precarious’ comments

Richemont slides on ‘precarious’ comments

04/12/2013 - 08:24
Cape Town - Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in more than two months after chairman Johann Rupert said he’s very concerned that the global economy is in a precarious position. read more
Richemont decides to keep all brands

Richemont decides to keep all brands

11/11/2013 - 09:06
Johannesburg - Cie. Financiere Richemont SA, the maker of Cartier jewellery and IWC watches, said a “subdued” environment increases the need for caution and countered speculation it will sell any of its 20 brands.  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
Richemont ups full-year profit 30%

Richemont ups full-year profit 30%

02/05/2013 - 09:28
Zurich - Luxury goods group Richemont [JSE:CFR] said its annual profit rose nearly a third from the previous year's €1.54bn, helped by favourable currency swings.  read more
Richemont falls most in two months

Richemont falls most in two months

19/03/2013 - 13:37
Johannesburg - Cie. Financiere Richemont SA, the owner of the Cartier brand, fell the most in almost two months in Zurich trading after a shareholder sold about 7 million shares for 539 million Swiss francs ($569 million). read more
Richemont shares fall over 6%

Richemont shares fall over 6%

22/01/2013 - 07:59
Johannesburg - Shares of Richemont [JSE:CFR] fell more than 6% after the luxury goods retailer reported disappointing third-quarter sales figures and said the near-term outlook for its Asia-Pacific business was unclear. read more
Richemont in JV with China jewellery giant

Richemont in JV with China jewellery giant

21/01/2013 - 07:54
Geneva - Swiss luxury goods group Richemont [JSE:CFR] and the world's largest jewellery chain, Chinese Chow Tai Fook, have agreed to create a joint venture, Swiss daily Le Temps reported in its online edition late on Saturday. read more
Luxury brands snub Africa

Luxury brands snub Africa

26/11/2012 - 07:32
Johannesburg - Africa has more millionaires than Russia, but for many wealthy Africans shopping for designer handbags or luxury watches still means travelling to New York or Europe. 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
Richemont down as Swiss exports drop

Richemont down as Swiss exports drop

19/10/2012 - 08:00
Johannesburg - Shares of luxury goods retailer Richemont [JSE:CFR] fell as data showed Swiss watch exports dropped for the first time in two-and-a-half years in September, hit by slowing Chinese demand. read more
Global markets push JSE to new high

Global markets push JSE to new high

17/10/2012 - 07:32
Johannesburg - The JSE set a fresh all-time closing record on Tuesday‚ extending gains on the All Share [JSE:J203] index to 18.80% from a year ago‚ amid a broad-based rally. 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
Richemont forecasts rise in H1 profit

Richemont forecasts rise in H1 profit

07/08/2012 - 08:05
Johannesburg - Richemont [JSE:CFR], which has been supported by Asian shoppers and emerging markets growth recently, said strong sales growth will help boost the luxury goods maker’s profit by up to 40%, much more than the company had originally expected. read more
Richemont up as Swatch keeps target

Richemont up as Swatch keeps target

19/07/2012 - 08:59
South African shares of luxury goods maker Richemont rise after Swiss watchmaker Swatch maintains 2012 sales target despite concerns about cooling Chinese demand.  read more
Africa’s middle class loves shopping

Africa’s middle class loves shopping

11/07/2012 - 08:56
The trend towards luxury is percolating down into Africa’s expanding middle class, says Daphne Kasriel-Alexander, consumer editor at market research company Euromonitor International. 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