Germany's Montblanc said on Tuesday 9 June it would open four boutiques in Saudi Arabia this year to target more of the watch and jewelry market among Gulf Arab clientele with an appetite for opulence.
Richemont, the maker of Cartier watches, beat forecasts with a 12 percent drop in its full-year operating profit, boosting shares, but cautioned it faced tough markets and said its head would step down this year.
As one leaves the other arrives. Though 007 swapped his Brioni suit for a Dunhill in the latest James Bond film, Quantum of Solace, Tom Hanks’ character Professor Robert Langdon has adopted the ‘power suit’ from the I...
Luxury goods giant Richemont said Monday that demand fell "dramatically" during the final quarter of 2008, especially in the United States, in the toughest market conditions seen in the group's 20 year history.
Luxury goods group Richemont said it was well positioned to cope with the economic downturn as the rich still spent lavishly, but a softening in the United States weighed on its stock. By 0826 GMT (9:26 a.m.
Richemont, the world's second-biggest luxury goods group, said Wednesday April 23th its sales had risen by 16 percent to 5.301 billion euros (8.471 billion dollars) in the financial year which ended March 31.
France's prestigious luxury fashion house Emanuel Ungaro is bringing in a 23-year-old Colombian-born Briton who works in the US to freshen up its women's collections, the company's chief executive said Friday, Novembe...
Richemont, the world's second-biggest luxury goods group, recorded Friday, november 16th a 28 percent increase in net profit for the first half of the financial year, up to 824 million euros (1.201 billion dollars).