Watchmakers Struggle With Supply Bottleneck As Swatch Parts Cut-Off Comes Into Effect
Luxury watchmakers are fighting for market shares of the lucrative Swiss watch industry, which the Federation of the Swiss Watch Industry FH pegs at a worth of US$23 billion. With growing demand in As…
Richemont Strikes Deal For Distribution of Baume & Mercier Throughout China
Luxury conglomerate Richemont have reportedly reached an agreement with Chinese jewelry company Chow Tai Fook to distribute Baume & Mercier watches throughout China. China Retail News reports that…
As Growth Slows, Luxury Group Richemont Names New CEOs
On Friday, November 9th, as a way to help founder and controlling shareholder Johann Rupert see the luxury goods super group through a time of slowed growth in Asian, Richemont named two heavily exper…
Richemont Shares Rise on Profit Announcement
Swiss luxury conglomerate Richemont exhibited strong growth in 2012, despite significant investments and the heavy tariffs imposed on its goods by Chinese regulators. As the owner of several luxury br…
Richemont CEO tells Europe to Shape Up
Europe is at risk of becoming nothing more than a tourist attraction for wealthy Chinese if it does not reform, head of luxury goods group Richemont Johann Rupert said. Rupert, the South African chair…
Richemont To Invest in Watch Production Site Outside of Geneva
Compagnie Financiere Richemont announced Monday that it will invest $100 million Swiss Francs on a production site which will include watch making shops, training centers and research centers on watch…
