Luxury goods group Richemont said on Friday it could target strategic investments and divestments after buoyant jewelry sales made up for still sluggish watch sales, helping sales rise 8% in its fiscal year to March.
Mercedes-Benz Fashion Week Australia will kick off its 2019 season on May 13, with five days of fashion shows, featuring the latest in resort collections from over 90 Australian designers, according to organisers.
Cartier maker Richemont said on Thursday solid sales growth in the quarter to Dec. 31 was driven by the Asia Pacific region and buoyant jewellery demand, kicking off the luxury goods reporting season on a positive note.
Burberry shares continued to fall Friday as investors were spooked about planned changes at the label and the money they will cost. But Belgian Billionaire Albert Frere took the opportunity to raise his stake.
Luxury goods group Richemont on Friday appointed Jérôme Lambert, currently head of operations, to the newly created role of chief operating officer responsible for the Swiss group's watch and fashion brands.