Richemont news and archive

Stefano Rosso is new president of Aura Blockchain Consortium

Stefano Rosso, chief executive officer of Marni and president of Maison Margiela (OTB Group), is the new president of Aura Blockchain Consortium. Rosso succeeds Lorenzo Bertelli, chief marketing officer and head of Csr of Prada Group, who has led Aura since its foundation. Aura Blockchain Consortium, the non-profit consortium founded in 2021 by...

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Business

Chronic deficits and recapitalisations: The challenge of Richemont's 'Soft Luxury' division

Swiss leader Richemont, driven by the strength of its jewellery houses, is seeing the weaknesses of its fashion and accessories division intensify. Amid repeated capital injections and slowing growth, the group faces a structural profitability challenge. While the strength of Richemont's jewellery and watchmaking divisions is well-established,...

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Richemont forgives 100 million euros of debt for Belgian brand Delvaux

Belgian luxury brand Delvaux has had its financial burden lightened. Parent company Richemont has forgiven 100.6 million euros (118.7 million dollars) of its debt, according to a report by Belgian business-focussed newspaper De Tijd. The debt has been converted into shares. This move strengthens Delvaux's balance sheet. It is not the first time...

Fairs

Geneva watch fair set to show war's effect on luxury sector

The Geneva watch fair opens on Tuesday and will be taken as a barometer of how the Middle East war is affecting the luxury goods sector. The Watches and Wonders salon -- the industry's biggest annual event -- sees 65 major watch brands, including Rolex, Patek Philippe, Cartier and Bulgari, display their latest creations until April 20. Despite...

FashionPress Release

Regé-Jean Page wears an IWC Schaffhausen watch at the BAFTA Awards pre-party

British actor Regé-Jean Page was seen wearing an IWC Portugieser Chronograph (Ref. IW371624). The watch features a 41-millimetre stainless steel case and a sand-coloured dial. He wore the timepiece while attending the pre-BAFTA Awards party hosted by Charles Finch and Chanel at 5 Hertford Street in London, UK, on February 21, 2026. Credits: IWC...

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In 'an uncertain world', luxury groups wary of 2026

Paris (France) - Following a "turbulent" 2025 and in "an uncertain world", caution is the watchword for 2026 in the luxury sector, where major French groups have published mixed results. "The past year was 'turbulent economically and geopolitically (...) and 2026 will not be very simple either, but one thing at a time'," stated Bernard Arnault,...

FashionPress Release

Chloé unveils the Summer 2026 campaign

Set against the raw beauty of a coastal landscape, Chloé unveils its Summer 2026 campaign, an expression of complicity, sensuality, and shared freedom. Through a succession of moments captured from the first glow of sunrise where the air feels still untouched and fresh to the softened warmth of sunset, the images trace a luminous journey through...

FashionPress Release

George Russell and IWC Schaffhausen Team Up to Design Two Limited Editions in the Driver’s Signature Blue

Schaffhausen, February 5th, 2026: IWC Schaffhausen has collaborated with Mercedes-AMG PETRONAS Formula One™ Team driver, George Russell, on the design of two limited edition Pilot’s Watches. Comprising a chronograph and an automatic model, these editions are both crafted in black zirconium oxide ceramic. They feature black dials with printing...

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Business|Opinion

What’s next for Alaïa?

When Pieter Mulier presents his final collection for Alaïa this March, it will close one of the quietest yet most effective creative tenures in recent Paris fashion. Quiet not because it lacked impact, quite the opposite, but because it resisted spectacle in favour of consistency, restraint and a deep respect for the house’s codes. After...

FashionPress Release

Chloé unveils the Fall 2026 collection

A study of personal rituals, individuality, and the art of self-expression. For Fall 2026, Chloé explores the deeply personal art of getting dressed – a daily ritual that transforms clothing into an intimate extension of individuality. Building on the Maison’s evolving codes, and signatures, the collection celebrates simple, instinctive gestures...

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Damiani Group signs agreement to acquire Baume & Mercier from Richemont

Swiss luxury conglomerate Richemont and Italian jewellery firm Damiani Group have signed an agreement for the latter to acquire full ownership of specialist watchmaker Baume & Mercier. The private transaction marks a significant shift for the historic watch brand as it joins one of Italy’s last independent family-run luxury groups. With a legacy...

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Business

Richemont maintains strong momentum with 11 percent sales growth in third quarter

Swiss luxury group Richemont has reported a robust performance for its third quarter ended December 31, 2025, with sales reaching 6.40 billion euros (7.45 billion dollars). At constant exchange rates, revenue increased by 11 percent against demanding double-digit comparatives from the previous year, while growth at actual exchange rates stood at...