Since a year, the Richemont Group is operating a deep internal restructuration. First of all, the group announced the appointment of both Lambert as Head of Operations and Kern as Head of Watchmaking, Marketing and Digital, followed by the “Big Reshuffle” at the head of several Maisons. Yet, this plan completely shattered on July 14th, 2017 when Georges Kern announced its departure from the group, as joining Breitling as new CEO. With the need to take action, Richemont is today appointing a new chief, in the name of Jérôme Lambert, to the newly created role of Chief Operating Officer. Lambert will be responsible for all the Maisons other than Cartier and Van Cleef & Arpels. In addition to that, Richemont also published its mid-year results, and they are quite reassuring.