Compagnie Financière Richemont SA has announced that it will acquire online luxury retailer Net-a-Porter.com. Richemont purchased a 33% interest in Net-a-Porter in 2002, and in this deal Richemont will acquire the remaining shares. The transaction values Net-a-Porter at about $530 million. Net-a-porter sells expensive women's clothes and accessories, offering collections from more than 300 … [Read more...]
Richemont Announces Deal to Acquire Online Luxury Retailer Net-a-Porter.com
April 5, 2010 By Leave a Comment
Johann Rupert Assumes Richemont CEO Role Effective April 1, 2010
November 13, 2009 By Leave a Comment
Richemont has announced that effective April 1, 2010, Johann Rupert will assume the role of CEO, replacing Norbert Platt who will retire at the end of the year for health reasons. Mr. Platt will remain as a director of Compagnie Financière Richemont SA and will act as an advisor to the Group. … [Read more...]
Executive Sweep
October 12, 2009 By Leave a Comment
September was a tough month for watch executives, and not just because of the continuing slump in sales. A small army of top executives – three worldwide CEOs, and five U.S. ones – resigned or were fired. … [Read more...]
Richemont Results for Year Ending March 31, 2009
May 14, 2009 By Leave a Comment
Swiss luxury goods group Richemont has announced its audited results for the year ending March 31, 2009. Overall group sales increased 2 percent, however good growth in the first six months was largely offset by lower sales in the second half of the year. For the group as a whole, operating profit declined 12%. Richemont's specialist watchmakers saw sales increase 4% over the prior year, from … [Read more...]
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