The jewelry and watch businesses of Buccellati, Cartier, and Van Cleef & Arpels all saw growth, driving a 4% year-on-year increase in sales for the jewelry segment.
The three rings, crafted from yellow gold, rose gold, and white gold respectively, embody design potential while interpreting universal aesthetics through their transformations, encapsulating expressions of all forms of love.
Gold jewelry and products are increasingly popular among young consumers due to their value retention and defensive characteristics.
With a series of actions, Richemont Group has become one of the most active luxury giants recently.
From Joining Richemont Group in 1992, Initially Working at the Cartier Foundation for Contemporary Art, to 24 Years at Van Cleef & Arpels, Nicolas Bos Seeks “Balance” in “Contradictions”: Balancing Business and Art, Tradition and Innovation, Commerce and Creativity.
Fendi French luxury conglomerate LVMH Group’s Ita […]
The total sales of the jewelry brand divisions, including Buccellati, Cartier, and Van Cleef & Arpels, increased by 6%, surpassing the €14 billion mark.
In 2023, the average revenue per store for Laopu Gold reached 93.9 million yuan, doubling from the previous year. Among them, the total revenue of the two stores located in Beijing SKP was 336 million yuan, with a monthly sales per square meter of 440,000 yuan.
In the fourth quarter of fiscal year 2024, Chow Tai Fook’s overall retail value increased by 12.4% year-on-year, with growth rates of 29.4%, 5.8%, and 46.1% in the preceding three quarters, respectively.
Antonio Belloni will step down as CEO and Chairman of the Executive Committee of LVMH Group, to be succeeded by Stéphane Bianchi, current CEO of the Watches and Jewelry division.
