Richemont offers to scale back plan to cut watchmaking jobs

2016-12-07 12:32

Richemont has offered to reduce a job-cut plan by about 20%, though worker representatives demanded more concessions from the Swiss luxury-goods maker as they protested near the headquarters.

Richemont announces changing of the guard amid profit plunge

2016-11-04 09:22

Richemont says chief executive officer Richard Lepeu and chief financial officer Gary Saage will retire next year, as it reported a steep decline in first-half profit.

Richemont to limit job cuts to 100

2016-04-22 12:37

Richemont will probably eliminate about 100 jobs, limiting the originally announced 350 job cuts as it approaches an agreement with trade union.

Richemont co-CEO Fornas to retire, Cartier CEO promoted

2016-03-18 09:03

Richemont says Bernard Fornas will retire from his post as co-CEO at the end of March and it’s adding Cartier CEOCyrille Vigneron to its executive committee.

An eye on the JSE's top five

2016-01-19 09:04

Experts share their views on the JSE's top stocks. Among these is AB InBev, which is now the top JSE-listed company.

Truworths boosts sales, while Richemont down marginally

2016-01-14 18:00

New global businesses helped Truworths record a 36% increase in sales, while Richemont saw a slight dip in sales as jewellery helped stem its weak watch sales.

SA firms hoard cash in indictment of economy

2015-09-17 14:18

Corporates are so negative about future growth prospects that they’re sitting with record amounts of cash in the bank, according to Stanlib Asset Management

SHARE WATCH: Spotlight firmly on China

2015-08-18 16:03

Kirk Swart of Overberg Asset Management has picked 5 shares to watch this week because of their high exposure to the Chinese market.

Richemont invites LVMH to join luxury retail website

2015-06-08 15:00

Richemont chairperson Johann Rupert has invited LVMH Moet Hennessy Louis Vuitton and Gucci owner Kering to join in an attempt to build a luxury retail website.

Richemont combats smartwatch craze with smart straps

2015-05-06 11:02

Swiss luxury goods maker Richemont is rolling out high-tech straps to counter the smartwatches designed by Apple and others.


Johann Rupert's job cuts at Richemont shock Swiss watchmakers

2016-11-25 12:01

Richemont’s plan to slash 210 watchmaking jobs in Switzerland is sending shockwaves throughout Switzerland, the cradle of high-end watch manufacturing.

Richemont faces tough market after April sales plunge

2016-05-20 09:28

Richemont, the maker of Cartier jewellery, has forecast a difficult first half after sales plunged 18% in April and full-year earnings missed analysts’ estimates.

Richemont still living it up

2016-04-21 08:00

Despite uncertainty regarding the global economy, and consumers increasingly coming under pressure, Richemont can still count on the wealthy to enjoy its luxuries.

Keep calm - This is not 2008

2016-02-05 06:45

Volatility and weakness in the market have left long-term investors wondering what their next move should be. Some have suggested that things are at 2008 levels, but are they really?

The JSE's five biggest stars

2016-01-15 06:15

The JSE’s top five companies are active in a range of diverse sectors. What these giants have in common is that they offer South African investors offshore exposure.

Johann Rupert R23bn poorer so far this year

2015-12-30 17:12

SA billionaire businessman Johann Rupert has become about R23.22bn poorer so far this year compared to last year, according to a billionaires index.

Investors cheer Richemont sales jump

2015-09-16 12:07

Luxury goods group Richemont has announced that its sales for the five months ended August 31 have increased by 4% at constant exchange rates.

SA’s most powerful businessman, Johann Rupert, on Apple, the Ashes and more

2015-06-25 14:43

In a rare television interview, SA’s most powerful businessman Johann Rupert sits down with Lionel Barber, editor of the Financial Times of London.

Rupert positive despite Richemont challenges

2015-05-22 11:39

Luxury goods group Richemont' s results show resilience despite some challenges and a volatile consumer environment, says its chair Johann Rupert.

Yoox agrees to buy Richemont's Net-a-Porter

2015-03-31 19:21

Italian online fashion retailer Yoox has agreed to buy Net-a-Porter, its upmarket rival, in an all-share deal that creates an industry leader in the booming online luxury market.

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