
Richemont's year to 31 March saw a “strong performance”, with a “step change in sales and operating profit”. Its fashion ops improved, but the share price fell as a deal to sell a YNAP stake to Farfetch is not agreed.
61 published items with the word (s) or phrase Johann Rupert in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Richemont's year to 31 March saw a “strong performance”, with a “step change in sales and operating profit”. Its fashion ops improved, but the share price fell as a deal to sell a YNAP stake to Farfetch is not agreed.
Luxury goods companies Hermes and Richemont won promotion on Wednesday to the blue-chip Euro STOXX 50 equity index, which could increase investment funds' demand for the stocks that have hit all-time highs.
Richemont surged on the Swiss stock exchange on Monday on press reports that the US activist hedge fund Third Point has bought a stake in the luxury goods group.
Luxury giant Richemont may be mulling the idea of spinning off YNAP despite investing millions into the fashionable e-commerce site, according to reports.
The trading environment may have been volatile but luxury giant Richemont still managed to see net profit rising almost 40% in the financial year to the end of March, beating forecasts by a wide margin.
The designer passed away in Paris at the age of 59. He had recently launched his own label, AZ Factory, in collaboration with Swiss-based luxury group Richemont, and previously led design at Lanvin from 2001 to 2015.
One brand that appeared to be gathering momentum is the house of Alaïa, which profited from haute couture week in Paris to present its latest ideas, many mined very literally from the house's unique archives.
Alber Elbaz debuted his brand new AZ Factory Tuesday evening in this week’s Paris haute couture season, marking a dynamic change in direction by one of fashion’s most influential designers.
Yoox Net-A-Porter has named a new CEO with Geoffroy Lefebvre, currently Group Digital Distribution Director at parent company Richemont, taking the helm on January 4.
The big news around Richemont this week may have been its major investment in Farfetch, but on Friday it also made headlines with its own half-year results.