Richemont news and archive

Richemont UK reports significant increase in annual profit

Richemont UK Limited has reported a significant surge in profitability for the financial year ended March 31, 2025, with profit for the year reaching 21.67 million pounds, up from 8.73 million pounds in the previous year. The luxury goods distributor, which oversees the sale of jewellery, watches, and premium clothing across the UK and Ireland,...

Member

Business

Luxury sector faces dilemma of 'exceptional Maisons' versus groups seeking recovery

The luxury sector is entering a new era of polarisation, according to several recently published articles and market studies. This dynamic now pits two types of players against each other: 'exceptional Maisons', capable of preserving rarity and vertical integration, and multi-brand groups that must redefine their strategy to regain their...

FeaturedMember

Business

Richemont H1 financial results show resilient growth

For the six-month period ended 30 September 2025, Richemont delivered resilient growth despite persistent macroeconomic and geopolitical headwinds. Group sales reached 10.6 billion euros (12.3 billion dollars), up 10 percent at constant exchange rates and 5 percent at actual rates, with a strong acceleration in the second quarter where sales...

Member

Business

EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

FashionPress Release

With the new Cartier Santos watches, every detail counts – just like in mid-flight

Always open to adventure, the Santos de Cartier watch explores two new creative avenues. Innovative by nature, it seamlessly adopts the ultra- lightness of titanium and also inaugurates a dial illuminated by Superluminova®. These two watches of character introduce aesthetic and technical choices that reinforce the emblematic Santos de Cartier...

RetailPress Release

Delvaux in Asia: a new visual language for luxury retail

A story in constant evolution: Delvaux, the oldest fine leather goods house in the world, continues its expansion in Asia with six new store openings. True to tradition, the new venues are designed by Vudafieri-Saverino Partners, behind the architectural concept of all the Belgian brand’s boutiques since 2012. Their aesthetic language bridges...

People

Dunhill names new chief executive officer

British luxury menswear brand Dunhill has named Matthew Ives, former De Beers executive, as its new chief executive officer. Ives will join Dunhill on October 13 from diamond company De Beers, where he has served as senior vice-president and chief commercial officer for the last three years. Before that, he spent over 10 years at Richemont in...

Member

Business

Richemont chairman hopeful of negotiated solution on US tariffs

Zurich - Richemont chairman Johann Rupert expressed optimism for a negotiated solution regarding US tariffs on Swiss goods. He stated on Wednesday that the luxury group remains "well-positioned" for the long term. "I am in contact with the Swiss government and the heads of the negotiations in the US", Rupert said at the annual general meeting in...

Retail

Watchfinder opens first US retail store in New York City

Richemont-owned pre-owned luxury watch specialist Watchfinder & Co., founded in the UK in 2002, has opened its first US retail store in SoHo’s Spring Street in New York City. The debut US store is Watchfinder & Co.’s largest retail venture to date and aims to solidify its growing presence in the North American watch market, where it has seen...

FashionPress Release

Cartier celebrates the panther in style under the open sky

Driven by the same power, magnetism and strength of character, Cartier and the Panther are inseparable. Cartier showcases this close bond through its new campaign. The Maison's iconic animal is the globetrotting centrepiece of a series of innovative open-air images that are being displayed simultaneously in major cities around the world, with...

Culture

New book from Federico Marchetti, "The Geek of Chic," set for September release

Federico Marchetti's new book, with a foreword by Giorgio Armani, will be released in English on September 9th. The book, "The Geek of chic: an american dream italian style" (304 pages, 18.99 dollars), is published by the American publisher Post Hill Press. The book is described as an "inspiring story full of successes, mistakes, honesty and...

Member

Business

Richemont starts financial year with sales growth

Jewellery and watch group Richemont increased sales in the first three months of the 2025/26 financial year. The important Asian market is also showing signs of stabilisation. This comes after the company, like many other luxury companies, felt the effects of a recent consumer slump in China. Between April and June, Richemont's sales increased...