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Tag: Richemont

Richemont has “resilient” Q1, Alaïa stays strong but YNAP sales fall again

July 16, 2024 No Comments Business , , , , , , ,

Luxury giant Richemont’s Q1 results on Tuesday showed the fashion-to-fine jewellery brand owner with “resilient” sales in the three months to 30 June. But while Alaïa prospered, Chloé and YNAP were less buoyant. See catwalkAlaia – Spring-Summer2024 – Womenswear – Paris – © ImaxTree What does the word “resilient” mean in practice? Sales didn’t exactly leap ahead but [...]read moreRichemont has “resilient” Q1, Alaïa stays strong but YNAP sales fall again

Richemont puts an end to the AZ Factory label, transforming it into an academy for young designers

May 22, 2024 No Comments Business , , , , , , ,

Launched four years ago, the AZ Factory brand is coming to an end as a commercial entity. But the adventure continues in another form. The democratic fashion house created by Alber Elbaz, born of a partnership with the Swiss luxury group Richemont shortly before the death of the emblematic Israeli-American couturier on April 24, 2021, [...]read moreRichemont puts an end to the AZ Factory label, transforming it into an academy for young designers

Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

May 21, 2024 No Comments Business , , , , , , , , ,

Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) and announcing a new CEO for the group. See catwalkAlaia – Spring-Summer2024 – Womenswear – Paris – © ImaxTree So first, that CEO news. The [...]read moreLuxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms

Richemont adds to jewellery portfolio with Vhernier buy

May 7, 2024 No Comments Business , , , , ,

Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Vhernier Forty-year-old Vhernier is headquartered in Milan and was acquired by the Traglio family in 2001. It’s known for its “distinctive modern aesthetic, inspired by the curves of [...]read moreRichemont adds to jewellery portfolio with Vhernier buy

Richemont Q3 sales rise 4%; Alaïa, Delvaux, Dunhill and Peter Millar are strong

January 18, 2024 No Comments Business , , , , , , , ,

Chloé, Alaïa and Dunhill owner Richemont has reported its results for Q3 — the all-important ‘Golden Quarter’ — with sales up by 4% on a reported basis to €5.593 billion, or 8% at constant exchange rates (CER). See catwalkAlaia – Fall-Winter2023 – 2024 – Womenswear – Paris – © ImaxTree That was a slowdown at the [...]read moreRichemont Q3 sales rise 4%; Alaïa, Delvaux, Dunhill and Peter Millar are strong