SWITZERLAND: Richemont Posts 16% Plunge In Five Month Sales
The world's second-biggest luxury goods company said revenues from the jewellery, textile and leather operations dropped around 20 per cent each and did not provide a sales or earnings outlook for the full year.
Richemont said sales fell in Europe and Asia amid a soft economic environment, falling tourism levels and the aftermath of the SARS crisis.
Help test our new apparel sourcing tool.
Luxury goods group Richemont has entered into a deal to sell its subsidiary Old England to holding company Tercade....
Phoebe Philo has quit as head designer of fashion house Chloe to spend more time with her family....
Luxury clothing maker Richemont has posted a 27 per cent slump in first-half profit. ...
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 r...
- Li & Fung eyes speed, innovation & digitalisation
- Digitalisation and data to disrupt supply chains
- 3D CAD comes of age
- EU eyes mandatory due diligence for apparel supply
- Unlocks for the future fashion sourcing landscape
- Li & Fung forms supply chain partnership with PVH
- Big data to help US firms improve clothing fit
- Labour rights risk Bangladesh EU trade benefits?
- Apparel group Sae-A opens second school in Haiti
- US Q4 in brief – G-III Apparel, Finish Line
- Central and East Europe Report Package
- Outdoor performance apparel 2016: A broader perspective
- Central America strategic sourcing review - a focus on Guatemala, El Salvador and Honduras
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack