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Richemont

Swiss conglomerate Richemont is the owner of luxury maisons in jewellery, watches, fashion and accessories, including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre and more.

Richemont
Luxury

Richemont Slumps as China Growth Slows

The Swiss luxury goods company reported an unexpected decline in first-half operating profit in part due to rising costs, fewer sales to retailers and a fall in growth in the domestic Chinese market.

Luxury

Richemont Slumps as China Growth Slows

The Swiss luxury goods company reported an unexpected decline in first-half operating profit in part due to rising costs, fewer sales to retailers and a fall in growth in the domestic Chinese market.


Financial Markets

Farfetch Sales Jump in First Results Since IPO

Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.

Financial Markets

Farfetch Sales Jump in First Results Since IPO

Sales on the online marketplace rose 53 percent to $310 million in the third quarter, outpacing overall luxury spending. The company credits the addition of new brands and strong growth in key emerging markets, including China, Mexico and the Middle East.


Luxury

Alibaba and JD.com Battle for Luxury Goods Market

The Chinese e-commerce giants are taking their battle for relevance in the lucrative luxury-goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.

Luxury

Alibaba and JD.com Battle for Luxury Goods Market

The Chinese e-commerce giants are taking their battle for relevance in the lucrative luxury-goods market to a new level, as they aim to crack e-commerce tie-ups with top brands that usually shun selling through third parties.


News & Analysis

Coty Cuts Deal With Alibaba to Court Chinese Beauty Shoppers

The two companies are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons.

News & Analysis

Coty Cuts Deal With Alibaba to Court Chinese Beauty Shoppers

The two companies are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons.


Luxury

What Net-a-Porter’s Alibaba Deal Says About the Luxury E-Commerce Opportunity in China

Global fashion players are increasingly aligning themselves with dominant Chinese technology platforms, which are consolidating their power over the country’s online luxury market.

Luxury

What Net-a-Porter’s Alibaba Deal Says About the Luxury E-Commerce Opportunity in China

Global fashion players are increasingly aligning themselves with dominant Chinese technology platforms, which are consolidating their power over the country’s online luxury market.


Global Markets

Richemont, Alibaba Join Forces on Retail Platform for China

The strategic partnership will feature retail offerings of Yoox Net-a-Porter Group to Chinese consumers.

Global Markets

Richemont, Alibaba Join Forces on Retail Platform for China

The strategic partnership will feature retail offerings of Yoox Net-a-Porter Group to Chinese consumers.


Luxury

Luxury Stocks Might Be Affected by South Korean Airlines

Asiana Airlines will stop carrying commercial baggage on passenger flights bound for Hong Kong and mainland China.

Luxury

Luxury Stocks Might Be Affected by South Korean Airlines

Asiana Airlines will stop carrying commercial baggage on passenger flights bound for Hong Kong and mainland China.


Luxury

Patek Philippe Says Chinese Demand Still Rising

President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.

Luxury

Patek Philippe Says Chinese Demand Still Rising

President Thierry Stern said the Chinese were likely buying more at home due to worries about issues such as stricter border controls.


Financial Markets

Unicorn Deals Fail to Ignite the Market

Despite continuing signs of growth and the announcement of landmark deals, the Savigny Luxury Index was flat this month.

Financial Markets

Unicorn Deals Fail to Ignite the Market

Despite continuing signs of growth and the announcement of landmark deals, the Savigny Luxury Index was flat this month.


Retail

Saks Fifth Avenue Hits Back at Cartier with $55 Million Countersuit

The department store argues that it's justified in moving Cartier to the basement of its New York flagship, and denies ever assuring the fine jewellery brand that it could keep its ground floor boutique.

Retail

Saks Fifth Avenue Hits Back at Cartier with $55 Million Countersuit

The department store argues that it's justified in moving Cartier to the basement of its New York flagship, and denies ever assuring the fine jewellery brand that it could keep its ground floor boutique.