Editor’s note: Much ink (digital, no doubt, our print friends are still lagging behind the news due to print schedules) has been metaphorically spilt on the announcement by the Richemont Group’s re-organization last week. Here is our take, offered not as a professional analysis, but as personal musings of a young management…
In the biggest change to its management in years, Richemont has announced the retirement of its chief executive and chief financial officer, as well as eight members of its board. This represents a generational change for the Swiss luxury conglomerate, owner of brands like Cartier, IWC and Montblanc. The retirees who are in their 50s or 60s […]
A luxury giant that owns brands like Cartier and IWC, Richemont just concluded its annual general meeting and reported its results for the five months to end August 2016 and they aren’t pretty. Richemont saw sales and profits in every segment and geography fall, echoing the gloomy results its rival the Swatch Group announced last month. Excluding […]