“The stories and achievements of the Swiss watch industry over the past fifty years can be known and resonated with by more people through Swatch’s watches and Swatch’s collaborations.”
Overall, the Chinese market, Jewelry Division, and both retail and online retail collectively contributed 74% to the group’s sales revenue.
In the current modern world, only swift market activities & changes can make success. As a contemporary brand, how to keep up with the “speed” of the fashion industry will test the brand’s wisdom. New drops every Wednesday,108 events a year, this is the Swedish fashion brand Axel Arigato has done. In 2020, Eurazeo, a […]
For the second half of the 2023 fiscal year, the group anticipates excellent growth opportunities in all regions and across all price segments. However, the only concern is the unfavorable currency environment that could potentially pose challenges.
Despite the substantial growth rate of 158.3%, the exports to Mainland China were still down by 10.3% compared to the same period in 2021.
Is the acquisition of Swiss luxury watch brands by Chinese capital a good business move?
Richemont Group ranks in the top 7% globally in ESG according to Sustainalytics’ company rankings.
In April, Swiss watch exports to Mainland China experienced a remarkable growth rate of 107.8%, while the export value to the US market saw a decline for the first time in two years.
Since the beginning of this year, the company’s stock price has experienced an impressive increase of nearly 76%. With the current market value standing at approximately $9.6 billion.
Richemont, the luxury goods giant, gears up for dual listing on Johannesburg Stock Exchange while terminating its depositary receipt program in South Africa. Q3 sales surge by 8% to €5.4 billion, but miss analysts’ expectations.