Richemont
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Outlook 2015: Challenges and opportunities
One of the biggest challenges – and opportunities – facing the apparel industry in 2015 is how best to embrace the omni-channel retail model, improve the shopping experience, and respond with new supply chain solutions. The changing profile of consumers in Asia is also likely to impact consumption and production, while global compliance and factory safety will continue to be a focal point.
UK: Gavin Haig named CEO at British brand Belstaff
Luxury products group Labelux has named Gavin Haig as chief executive officer of its iconic British brand Belstaff.
SWITZERLAND: Richemont to step up brand investment
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.
SWITZERLAND: Richemont silent on Chloe sale plan
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
Asia, particularly China, will continue to drive growth in the luxury market despite a slight slowdown in recent years, according to new research.
SWITZERLAND: Richemont fashion boss Wikstrom resigns
Swiss luxury goods company Richemont has announced the resignation of Marty Wikstrom, the chief executive officer of its fashion and accessories business.
SWITZERLAND: Richemont books 30% FY profit growth
Swiss luxury goods company Richemont has reported a 30% increase in full-year profit, driven by favourable exchange rates and higher sales.
SWITZERLAND: Richemont sees 30% FY profit growth
Switzerland-based luxury goods company Richemont is expected to record substantial profit growth for the year to 31 March, thanks to favourable exchange rates.
FRANCE: Asia flat as Richemont Q3 sales rise 5%
Sales growth at luxury goods business Richemont slowed to 5% in the third quarter, with Asia Pacific revenues flat at constant currencies.
UK: Thomas Pink names Merriman CFO
UK shirt maker Thomas Pink has appointed Andrew Merriman as its new chief financial officer.
SWITZERLAND: Richemont appoints joint CEOs
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.
SWITZERLAND: Asian tourists boost Richemont H1 profit
Luxury goods group Richemont posted major increases in first-half earnings and sales, buoyed by favourable exchange rates, successful launches and strong pricing.
SWITZERLAND: Richemont to acquire Peter Millar luxury brand
US-based luxury apparel business Peter Millar has been sold to luxury goods group Richemont by private equity firm Winona Capital Management.
just-style management briefing: Brazil and Mexico lead Latin America's luxury sales
After more than doubling its growth rates between 2008 and 2012, Brazil is the darling of Latin America's luxury apparel and goods market. Last year, the market for designer clothing and footwear grew 7.3% to $2.6bn, while sales of luxury accessories increased 4.5% to 1.2bn.
Speaking with style: Raphael le Masne de Chermont, Shanghai Tang
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
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
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
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
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
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
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...
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
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
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’
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
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%
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
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
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
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.
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