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Luxury sector taps into online potential

The nuts and bolts of Richemont's acquisition of fast-growing fashion retail website Net-a-Porter are easy enough to understand - but the ra...

Crombie's travelling tailors | 12 Sep 2000

The British clothing industry is suffering from overseas competition, crippling exchange rates and poor high street sales. In an attempt to cope with hard times and carve out a new market for itself, the Crombie company has taken to the streets with its travelling tailors.

Latest Interviews

Speaking with style: Raphael le Masne de Chermont | 9 Dec 2010

Raphael le Masne de Chermont has been executive chairman of Hong Kong-based Shanghai Tang - China's leading luxury lifestyle brand - since 2001. Not only is he the driving force behind the brand's global expansion, but he is a veteran of both Asia and the luxury goods sector. Here, le Masne de Chermont speaks to Marie-Hélène Corbin about the potential and pitfalls of the luxury market in China.

Latest News

Gavin Haig named CEO at British brand Belstaff

Leonie Barrie | 7 May 2014

Luxury products group Labelux has named Gavin Haig as chief executive officer of its iconic British brand Belstaff.

Richemont to step up brand investment

Katie Smith | 12 Nov 2013

Swiss-based luxury goods business Richemont is to step up investment in its brands, ruling out rumours that it is seeking to sell some of them off in the near future.

Richemont silent on Chloe sale plan

Katie Smith | 18 Oct 2013

Swiss luxury goods company Richemont has declined to comment on reports it is looking for potential buyers for its Chloe fashion label.

Asia to continue to drive luxury growth

Katie Smith | 15 Aug 2013

Asia, particularly China, will continue to drive growth in the luxury market despite a slight slowdown in recent years, according to new research.

Richemont fashion boss Wikstrom resigns

Katie Smith | 21 May 2013

Swiss luxury goods company Richemont has announced the resignation of Marty Wikstrom, the chief executive officer of its fashion and accessories business.

Richemont books 30% FY profit growth

Katie Smith | 16 May 2013

Swiss luxury goods company Richemont has reported a 30% increase in full-year profit, driven by favourable exchange rates and higher sales.

Richemont sees 30% FY profit growth

Katie Smith | 23 Apr 2013

Switzerland-based luxury goods company Richemont is expected to record substantial profit growth for the year to 31 March, thanks to favourable exchange rates.

Asia flat as Richemont Q3 sales rise 5%

Richard Woodard | 22 Jan 2013

Sales growth at luxury goods business Richemont slowed to 5% in the third quarter, with Asia Pacific revenues flat at constant currencies.

Thomas Pink names Merriman CFO

Katie Smith | 7 Jan 2013

UK shirt maker Thomas Pink has appointed Andrew Merriman as its new chief financial officer.

Richemont appoints joint CEOs

Richard Woodard | 9 Nov 2012

Two joint CEOs will take the place of current Richemont boss Johann Rupert when he steps down from the post next year, the luxury goods company has announced.

Asian tourists boost Richemont H1 profit

Richard Woodard | 9 Nov 2012

Luxury goods group Richemont posted major increases in first-half earnings and sales, buoyed by favourable exchange rates, successful launches and strong pricing.

Richemont to acquire Peter Millar luxury brand

Richard Woodard | 21 Sep 2012

US-based luxury apparel business Peter Millar has been sold to luxury goods group Richemont by private equity firm Winona Capital Management.

Coach reshuffles Asian pack | 14 Oct 2010

Accessories company Coach has made a number of senior management changes in Asia as it seeks to drive expansion in the region.

De La Bourdonnaye takes helm at Chloé | 31 Aug 2010

Richemont-owned fashion house Chloé has appointed former Liberty chief executive Geoffroy de La Bourdonnaye as its new CEO.

Richemont posts 44% drop in FY profit | 28 May 2010

Luxury goods group Richemont SA says it continues to face "plenty of challenges" after posting a 44% drop in full-year profit, despite signs of an uptick in demand in the last two months.

Merriman takes new COO post at Gieves & Hawkes | 26 May 2010

Andrew Merriman, credited with playing a key role in the turnaround of retailer Tie Rack, has joined Savile Row tailor Gieves & Hawkes in the new position of COO.

The week ahead on just-style...

Joe Ayling | 10 May 2010

Taking a look at the week ahead for the footwear and apparel industry, here is news editor Joe Ayling's snapshot of just-style's latest news and insights agenda.

Richemont buys Net-a-Porter in GBP350m deal | 6 Apr 2010

Luxury goods group Richemont has agreed to buy online fashion portal Net-a-Porter in a deal which values the business at GBP350m (US$530m).

Police make massive fake fashion goods seizure

Simon Warburton | 22 Mar 2010

UK and US authorities have unveiled what is believed to be one of the biggest seizures of counterfeit apparel in British history.

Hembly renames as ‘New Environmental Energy’ | 8 Jan 2010

Apparel sourcing giant Hembly International Holdings Limited is changing its name to New Environmental Energy Holdings Limited to reflect its diversification into waste treatment and renewable energy and services.

Gap’s Piperlime expands into apparel | 9 Sep 2009, the online shoes and handbags site owned by US retail giant Gap Inc, has expanded its line-up with the addition of women’s apparel.

Richemont five-month sales fall 16% | 9 Sep 2009

Luxury goods group Richemont, which owns the Chloé fashion brand has posted a 16% drop in sales for the first five months of its financial year, but says the rate of decline is slowing.

Aeffe to distribute Alberta Ferretti in Korea | 29 Oct 2008

Italian fashion group Aeffe SpA is to take its Alberta Ferretti and Philosophy di Alberta Ferretti brands to Korea through a franchise agreement with SE International.

Richemont in luxury focus after BAT spin-off | 22 Oct 2008

Luxury goods group Richemont is to focus solely on its high-end consumer brands after the company completed the spin-off of its stake in British American Tobacco (BAT).

Richemont to spin off luxury goods unit | 10 Oct 2008

Shareholders in Compagnie Financière Richemont SA voted yesterday (9 October) to spin off its Richemont luxury goods business as part of a planned restructuring of the firm.

Double-digit sales hikes continue at Richemont | 10 Sep 2008

Luxury goods group Richemont SA has continued to post double-digit sales rises despite the economic slowdown – but the company is warning that the good times may not last.

Lahrs named as Hugo Boss CEO | 16 May 2008

Current Christian Dior Couture COO Claus-Dietrich Lahrs is to be the new CEO of Hugo Boss, replacing Bruno Saelzer, the company has confirmed.

Company research

Singapore Luxury Goods Market Outlook to 2017 - Rising HNWI Population to Propel the Growth

Singapore Luxury Goods Market Outlook to 2017 - Rising HNWI

The report titled “Singapore Luxury Goods Market Outlook to 2017 – Rising HNWI Population to Propel the Growth” provides a comprehensive analysis of the market size of Singapore luxury goods Industry...

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