Richemont - apparel and textile industry company news 
Speaking with style: Raphael le Masne de Chermont, Shanghai Tang
9 December 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.
ASIA: Coach reshuffles Asian pack
14 October 2010
Accessories company Coach has made a number of senior management changes in Asia as it seeks to drive expansion in the region.
FRANCE: De La Bourdonnaye takes helm at Chloé
31 August 2010
Richemont-owned fashion house Chloé has appointed former Liberty chief executive Geoffroy de La Bourdonnaye as its new CEO.
August 2010 management briefing: Part II - The Chinese marketplace
27 August 2010
If any country was likely to be vulnerable to a collapse in sales from a global recession it was export-oriented China. The fact remains, however, that China's textile and clothing industry is still in reasonable shape.
SWITZERLAND: 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.
UK: 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.
In the money: Luxury sector taps into online potential
11 May 2010
The nuts and bolts of Richemont's acquisition of fast-growing fashion retail website Net-a-Porter are easy enough to understand - but the rather more interesting subtext is the changing relationship between the luxury and online worlds. Richard Woodard reports.
The week ahead on just-style...
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.
SWITZERLAND: Richemont buys Net-a-Porter in GBP350m deal
6 April 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).
UK: Police make massive fake fashion goods seizure
22 March 2010
UK and US authorities have unveiled what is believed to be one of the biggest seizures of counterfeit apparel in British history.
HONG KONG: Hembly renames as ‘New Environmental Energy’
8 January 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.
US: Gap’s Piperlime expands into apparel
9 September 2009
Piperlime.com, 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.
SWITZERLAND: Richemont five-month sales fall 16%
9 September 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.
KOREA: Aeffe signs distribution deal for Alberta Ferretti
29 October 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.
SWITZERLAND: Richemont in luxury focus after BAT spin-off
22 October 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).
SWITZERLAND: Richemont to spin off luxury goods unit
10 October 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.
SWITZERLAND: Double-digit sales hikes continue at Richemont
10 September 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.
GERMANY: Dior’s Lahrs to take helm at Hugo Boss
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.
UK: Topshop destroys dresses after Chloé complaint
27 July 2007
Arcadia Group’s Topshop chain has agreed to destroy almost 2,000 dresses and pay legal costs to Richemont Group, after it was accused of copying a dress manufactured under its Chloé label.
FRANCE: Richemont reports 10% Q3 revenue rise
23 January 2007
Luxury group Richemont said third-quarter revenue jumped 10%, reaffirming its expectation of better results for the current financial year.
US: Richemont North America president, chief exec resigns
17 October 2006
Luxury group Richemont has announced the retirement of Callum Barton, currently president and chief executive of Richemont North America.
SWITZERLAND: Richemont revenue up 16%, strong results at Chloé
14 September 2006
Luxury goods firm Richemont said revenue was up 16% in the first five months of the year, with the Chloé clothing brand enjoying an almost 90% sales spurt.
SWITZERLAND: Richemont FY sales up 17%, Chloé sales more than double
25 April 2006
Luxury goods maker Richemont beat market expectations with a 17% jump in full-year 2005 sales, which included more than doubled sales at the Chloé fashion unit.
SWITZERLAND: Richemont to sell Old England
21 March 2006
Luxury goods group Richemont has entered into a deal to sell its subsidiary Old England to holding company Tercade.
FRANCE: British design supremo quits Chloe
6 January 2006
Phoebe Philo has quit as head designer of fashion house Chloe to spend more time with her family.
SWITZERLAND: Richemont H1 Profit Down 27%
17 November 2005
Luxury clothing maker Richemont has posted a 27 per cent slump in first-half profit.
FRANCE: PPR Names New Director, Reports Good H1
9 September 2005
Luxury goods group PPR has named Marc Willaume as director of financial communication and strategic studies, and has reported a 49 per cent leap in first-half net profit on a good performance of the recently-consolidated Gucci unit.
SWITZERLAND: CEO Of Richemont's Dunhill Quits
10 June 2005
Luxury goods group Richemont has announced the resignation of Simon Critchell, the chief executive officer of its Alfred Dunhill Limited unit.
SWITZERLAND: Richemont Sells Hackett Ltd
2 June 2005
Swiss luxury goods company Richemont is selling off its men’s wear subsidiary Hackett Ltd to Torreal, a Spain-based investment company.
SWITZERLAND: Richemont Sees 10% FY Sales Growth
26 April 2005
Luxury goods manufacturer Compagnie Financiere Richemont SA has posted a 10 per cent full-year sales increase, helped by growing demand within the Asian market.
Related research
Compagnie Financiere Richemont AG
Datamonitor's Compagnie Financiere Richemont AG - SWOT Analysis company profile is the essential source for top-level company data and information. Compagnie Financiere Richemont AG - SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.Compagnie Financiere Richemont (Richemont) is a luxury goods company; the company specializes in jewelry, luxury watches and writing instruments. The company operates in over 30 countries around the world. It is headquartered in Bellevue Geneva, Switzerland and employs approximately 18,800 people. The company recorded revenues of E5,302 million (approximately $7,513.8 million) in the financial year (FY) ended March 2008, an increase of 9.8% over 2007. The operating profit of the company was E1,108 million (approximately $1,570.2 million) in the FY2008, an increase of 21% over 2007. The net profit was E1,570 million (approximately $2,224.9 million) in FY2008, an increase of 18.1% over 2007.
Compagnie Financiere Richemont SA (CFR) - Financial and Strategic Analysis Review
Compagnie Financiere Richemont (Richemont) is engaged in designing, manufacturing and distribution of luxury items. The product line of the company includes leather goods, jewelry, luxury watches, writing instruments, shotgun, Van Cleef & Arpels, childrenwear, rifles and related accessories. The company sells products of brands including Cartier, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc. The company sells its merchandise through its wholly owned retail stores. Richemont along with its subsidiaries operates across the globe. The company is a public limited business entity and is headquartered in Geneva, Switzerland
Compagnie Financiere Richemont SA (CFR) - Financial and Strategic SWOT Analysis Review
This comprehensive SWOT profile of Compagnie Financiere Richemont SA provides you an in-depth strategic SWOT analysis of the company’s businesses and operations. The profile has been compiled by GlobalData to bring to you a clear and an unbiased view of the company’s key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.
