×
42 609
Fashion Jobs
KOHLS
Staff Product Manager-Innovation
Permanent · Menomonee Falls
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Rapid City
KOHLS
Full-Time Loss Prevention Officer
Permanent · Las Vegas
KOHLS
Full-Time Loss Prevention Officer
Permanent · Victorville
KOHLS
Full-Time Loss Prevention Officer
Permanent · Bakersfield
BLOOMINGDALE'S
Division Sales Manager: Bloomingdale’s 59th Street Flagship, Nyc
Permanent · New York
SALLY BEAUTY CORPORATE
Outside Sales Representative - Professional Beauty
Permanent · Kansas City
CLARKS
Assistant Wholesale Marketing Manager
Permanent · Waltham
ADIDAS
Manager Outbound Operations
Permanent · Spartanburg
ADIDAS
Senior Manager, Performance Marketing - Membership (Digital)
Permanent · Portland
ADIDAS
Logistics Manager
Permanent · Pittsburgh
ADIDAS
Technical Manager Maker Lab
Permanent · New York
GAP
Senior Producer- Digital Operations – International Promotions
Permanent · San Francisco
GAP
General Manager- Macarthur Park
Permanent · Irving
HUDSONS BAY COMPANY (HBC)
Analyst, Supply Chain
Permanent · Brampton
PUMA
Analyst, Business Intelligence - Consumer Insights
Permanent · Westford
L'OREAL GROUP
Buyer - (Purchasing/Procurement/Indirect Sourcing)
Permanent · Berkeley Heights
DESIGNER BRANDS
Director, Marketing Advanced Analytics
Permanent · Columbus
THE REALREAL
Sales Analyst, Business Strategy And Analytics
Permanent · San Francisco
THE REALREAL
Authentication And Brand Compliance Lead
Permanent · Perth Amboy
OLD NAVY
Assistant General Manager, Merchandising - Crossroads at Baileys
Permanent · Falls Church
COTY
E-Commerce Key Account Sales Manager
Permanent · New York

Richemont names Jerome Lambert chief executive, sales up on Asia

By
Reuters
Published
today Sep 10, 2018
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Cartier maker Richemont on Monday named group veteran Jerome Lambert as chief executive officer to help the world’s second biggest luxury goods group master adjust to changing consumer habits and put its watch brands back on track.


Richemont




Richemont, also known for IWC and Piaget watches, scrapped the CEO role a year and a half ago, upon the retirement of Richard Lepeu, and appointed a senior executive committee to manage the group.

At the time, Jerome Lambert, currently chief operating officer, and Georges Kern were both seen as candidates to one day take over as CEO, but Kern has since left to pilot rival brand Breitling.

“Jerome’s new role sees him taking responsibility for the Group’s future growth at a time when consumer habits are changing significantly,” Richemont’s controlling shareholder and Chairman Johann Rupert was quoted as saying in a statement.

Rupert said Lambert would work as “first amongst equals” with the heads of Cartier, Van Cleef & Arpels and the group’s finance head on the senior executive committee “to ensure a coherent approach to achieving our common goals while respecting the individuality of our Maisons”.

Also on Monday, Richemont announced sales of its watches and jewelry rose 10 percent in the five months to Aug. 31, helped by strong demand in Asia Pacific and the Americas.

Including recently acquired online retailers Yoox Net-a-Porter (YNAP) and Watchfinder.co.uk, constant currency sales even jumped by a quarter to 5.67 billion euros ($6.54 billion) in the five-month period, Richemont said.

“All regions, with the exception of the Middle East, posted growth, led by solid momentum in Asia Pacific and the Americas. Hong Kong, Korea and Macau all generated double digit increases while China showed good growth,” the Geneva-based group said, which holds its annual general meeting later on Monday.

Sales at the group’s watch brands only rose 4 percent as Richemont continued to adjust inventories by buying back unsold stock from retail partners.

“We very much welcome the CEO announcement as leadership is now clear with Jerome Lambert being responsible for the group,” Vontobel analyst Rene Weber said, but said performance at the group’s watch brands was still disappointing.

Shares in Richemont were set to open 2.1 percent higher, according to pre-market indications by bank Julius Baer.

© Thomson Reuters 2020 All rights reserved.