
Q1 figures for Farfetch were more muted than some of its recent results and the company warned about the near-term impact of the macroeconomic backdrop that’s currently hurting fashion businesses at all price levels.
755 published items with the word (s) or phrase Richemont in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Q1 figures for Farfetch were more muted than some of its recent results and the company warned about the near-term impact of the macroeconomic backdrop that’s currently hurting fashion businesses at all price levels.
The Richemont-owned luxury jewelry brand is reaffirming its commitment to gender equality. It has already granted a total of €6 million to female entrepreneurs via this project.
The German group is the fifth founding member, and the only car manufacturer, to join the global blockchain platform dedicated to the luxury industry, formed by heavyweights LVMH, Prada, Cartier and the OTB Group.
Richemont's year to 31 March saw a “strong performance”, with a “step change in sales and operating profit”. Its fashion ops improved, but the share price fell as a deal to sell a YNAP stake to Farfetch is not agreed.
The Web3 product certification platform has raised €20 million from Tiger Global, Commerce Ventures, the Motier Ventures fund owned by the Moulin-Houzé family of Galeries Lafayette, and the former CEO of Jimmy Choo.
The label founded by the late designer, Alber Elbaz, has set its sights on young, inclusive, and sustainable French-Belgian brand Ester Manas for a collaboration to be unveiled in June.
In 2021, 55% of new store openings by luxury labels took place in China, while only 14% did so in Europe, according to a study by British real estate consultants Savills.
The Richemont-owned jewellery brand has chosen Earth Day to symbolically join the Carbon Neutral Challenge launched in 2019 by Gucci CEO Marco Bizzarri, with the goal of reducing greenhouse gas emissions.
Luxury retailers and brands are shifting their focus post-pandemic and are targeting high-spending shoppers in their domestic markets more than they used to.
Richemont-owned fashion house Chloé has just appointed Morgan Colin as chief information officer.