On November 29 , Richemont Group announced the appointment of Jérôme Lambert as the new Chief Executive Officer (CEO) of Jaeger-LeCoultre, one of Switzerland’s leading luxury watch brands.
Tag: Richemont
Richemont Announces Profit Decline in H1 Earnings – Impact of Weak Demand in China on Watch Division
On October 8, luxury conglomerate Richemont announced its H1 earnings, revealing stable sales but declining profit.
On May 7, Swiss luxury jewelry giant Richemont announced that it acquired 100% of Vhernier S.p.A. (“Vhernier”), the distinctive Italian jewelry Maison, in a private transaction.
On December 18, luxury e-commerce platform Farfetch, which was on the verge of bankruptcy, was reportedly being acquired by South Korean e-commerce giant Coupang for $500 million.