Richemont profit surges but full-year growth likely 'less exceptional'

2017-11-17 12:55

Luxury goods holding company Richemont has reported 80% growth of its bottom line for the half year, but chair Johann Rupert says growth for the year will not be as “exceptional”.

Richemont's hippie-chic Chloe bags sell as watches struggle

2017-07-21 18:05

$10 000 watches are a tough sell for Richemont these days, but shoppers are snapping up $2 000 Marcie handbags from the company’s fashion and leather label Chloe.

Rupert’s luxury watch chief at Richemont resigns

2017-07-14 08:34

Richemont’s head of watchmaking, marketing and digital has resigned with immediate effect, Johann Rupert’s luxury goods group has announced.

Rupert's Richemont bets on duty-free

2017-05-22 05:00

Johann Rupert, the billionaire who controls Cartier owner Richemont, envisions a future in which humans are displaced by robots in the workplace.

Montblanc launched a smartwatch. Here’s why it matters

2017-03-23 17:00

Montblanc is the first brand in the Richemont family of luxury companies to put out a smartwatch.

Four Richemont brand CEOs said to depart as overhaul widens

2017-01-31 07:36

Richemont plans to expand its management overhaul by naming new chief executive officers of four luxury brands including Alfred Dunhill.

JSE's top 5 performers of 2016

2016-12-23 11:22

Fin24 compiled a list of the best performing companies on the JSE Top 40, based on net profit earnings.

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.


Small independent watch shops are doomed – Richemont CFO

2017-11-12 19:15

The clock is ticking for small independent watch stores, according to the CFO of luxury goods holding company Richemont, owned by SA businessman Johann Rupert.

Rupert's luxury watch chief quits Richemont, buys stake in rival Breitling

2017-07-14 11:01

Richemont’s head of watchmaking, once seen as a candidate to lead the entire company, is leaving after a management reorganisation put him in control of a portfolio of brands.

Richemont sells Shanghai Tang as China prefers foreign swank

2017-07-03 13:22

Richemont has sold Hong Kong-based dressmaker Shanghai Tang, showing that a Chinese name still doesn’t have the same ring to luxury shoppers as French.

Richemont's profit plummets on low sales

2017-05-12 20:51

Richemont's profit took a knock following a tough environment with changing consumption patters, the group said.

Gupta PR firm's strategy to win back support for Zuptas

2017-03-19 13:10

New allegations have surfaced about how the Guptas' PR firm was called upon to help rescue the image of the family and President Jacob Zuma

Richemont reports Christmas boost on watch rebound

2017-01-12 10:13

Richemont has reported an unexpected gain in Christmas-season revenue, boosted by demand for luxury jewellery and a rebound in watch sales at its own stores.

Atul Gupta wealthier than Johann Rupert – report

2016-12-11 13:03

Atul Gupta is the seventh richest South African, ranking higher than Johann Rupert and Patrice Motsepe.

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.

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