Hints and tips:
Related Special Reports
...Richemont, Permira, Bain and Goldman declined to comment....
...Brazilian cosmetics company Natura has explored offloading most of its Avon brand’s international business, as the group unwinds a series of high-profile acquisitions to focus on its home region....
...While jewellery sales, Richemont’s biggest division, increased 1 per cent, watch sales fell 11 per cent....
...“Richemont has the advantage of being largely very high-end . . ....
...s discontinued Nautilus 5711/1A in steel, costing less than $40,000 new before the crisis, were selling for more than $150,000 in the resale market during the pandemic according to John Reardon, former international...
...But shares in LVMH, Richemont and Dior were off too, on fears that the softening of China’s luxury growth might turn into a crash. It would be wise to avoid jumping to macro conclusions....
...Other luxury groups were also pulled down, with LVMH and Richemont falling 1.6 per cent and 2.2 per cent, respectively....
...LVMH is up 9 per cent so far this year, Cartier-owner Richemont up 14 per cent and Kering down 17 per cent....
...But Kering’s deteriorating performance in recent years while competitors such as LVMH, Hermes and Richemont had record growth shows how crucial it is that Gucci starts working again....
The historic complication back in fashion. But what is a retrograde watch indicator?
...“This work should not be seen as something replacing financial support from international donors, but rather supplementing it,” he told the Financial Times....
...“Richemont’s best foot forward — as usual — is the jewellery maisons,” said Luca Solca at Bernstein....
...It may well sell down its stake to an international oil company. Candidates include Shell, Total and Chevron, which are all drilling, or planning to drill, in the same Orange oil basin....
Appointment hints at succession planning inside billionaire family behind French luxury group Kering
...Plus, international investors have rushed into Egypt’s debt after the most populous Arab nation secured a $55bn bailout....
...Most analysts expect international Chinese tourism, a key driver of global luxury sales, to pick up more significantly from the second half of this year....
...Explaining the IPO rationale this month, he said: “We believe that the balance of being a family-owned company that is also subject to market accountability will allow us to better compete in the international...
...That also gives it end-to-end control over product and distribution.Other groups want a bigger presence in high-end beauty, among them fashion house Kering and watch-and-jewellery specialist Richemont....
...Specifically, states with political authority over the central nodes in the international networked structures through which money, goods, and information travel are uniquely positioned to impose costs on...
...Foreign secretary Lord David Cameron said “international economic pressure” meant Russia was struggling to afford the invasion....
...China regulators and remains committed to exploring opportunities for growth in the China market, where the Bank has had a long-standing presence,” the bank said, adding that it would work with local and international...
Why the jeweller embarked on an epic European trip
...The Mariana disaster sparked international scrutiny of the mining industry’s safety record, in particular over “tailings” dams that store by-products of mining after the ore is processed....
...Lufthansa has agreed to take a 41 per cent stake in ITA Airways, the successor company to Italy’s Alitalia, while Air France has taken a 20 per cent stake in struggling Scandinavian airline SAS....
...According to the Kyiv finance ministry, only about half of the $37bn needed from international partners this year has been committed by the EU and the IMF....
International Edition