Cartier news and archive

Richemont, a fundamental reorganisation at the top of the watchmaking industry

Richemont Group, officially known as Compagnie Financière Richemont SA, is embarking on a major transformation of its internal organisation. Under the leadership of CEO Nicolas Bos, the Specialist Watchmakers (SWM) division is being dissolved, leading to strategic reassignments within the group's watchmaking companies. Among these changes,...

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Richemont: Q3 sales increase by 10 percent to 6.15 billion euros

Zurich – Swiss luxury giant Richemont reported better-than-expected sales for its third quarter on Thursday, despite pressure on demand in China, posting double-digit growth in its other major markets. For the period from October to December 2024, the group, which owns the Cartier jewelry house among others, saw its sales increase by 10 percent...

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18 percent sales decline in Asia Pacific impacts Richemont's Q1

At constant exchange rates, Richemont’s sales in the first quarter rose by 1 percent to 5.3 billion euros, after growing by 19 percent in the prior-year period. The company said that the results demonstrated the group’s resilience in a continuing uncertain macroeconomic and geopolitical environment. Richemont reports sales growth in all regions...

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Richemont names Louis Ferla as CEO of Cartier

Richemont has announced that Louis Ferla, currently CEO of Vacheron Constantin, will succeed Cyrille Vigneron as chief executive officer of Cartier, effective September 1, 2024. Vigneron, the company said in a statement, who has decided to retire after eight years at the helm of the maison, will assume the position of chairman of Cartier culture...

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Bernard Arnault, LVMH chief, buys shares in Richemont

LVMH chairman and CEO Bernard Arnault has reportedly bought shares in Cartier parent Richemont, the rival luxury group based in Switzerland. Widely seen as a personal investment, Mr Arnault is thought to own a small shareholding and would not directly influence LVMH's corporate strategy or lead to immediate synergies between LVMH and Richemont....

Fashion

Mexican claims victory in 28 dollar Cartier earrings battle

A Mexican man has claimed a victory over French luxury brand Cartier, saying an error allowed him to buy two pairs of earrings for 28 dollars that were supposed to cost nearly 28,000 dollars. After a four-month struggle, doctor Rogelio Villarreal said he had finally received the jewelry, which he accused the company of refusing to deliver after...

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Watch and Jewellery initiative 2030 names executive director

The Watch and Jewellery initiative 2030 (WJI2030), a sustainable collaboration founded by Cartier, Richemont and Kering in October 2021, has appointed Iris Van der Veken as executive director and secretary general. Van der Veken has more than twenty years of experience in the jewellery, fashion and technology industries and was the former...

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Amazon and Cartier team up in the fight against counterfeit goods

The global fight against counterfeit goods has seen an unimaginable pairing up of businesses, namely Cartier, the French haute jeweller, and online behemoth Amazon. The companies announced two joint lawsuits against a social media influencer and eight other entities for advertising, promoting, and facilitating the sale of counterfeit luxury...

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Richemont shares plummet after expectations omit YNAP sale

Share in Richemont fell sharply on Friday, the lowest in two years since the pandemic, after the luxury group missed expectations and failed to address the uncertainty regarding its divestment of YNAP, the online luxury and discounting sites. Last year discussions emerged with Farfetch as a possible contender, but complications with various...

Fashion

Tuxedos reign at the Oscars, sparking a surge in online searches for suits

The Oscars are nearly as vital to the fashion industry as they are to motion pictures, with designers and luxury houses cementing lucrative contracts to have their collections worn on the red carpet. But contractual fashion aside, there is also a margin to see new trends, particularly amongst the more fashion-forward celebrities and those who...

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Tiffany & Co being sued by Cartier over 'unfair competition'

Jewellery company Cartier said on Tuesday it had filed a complaint in a New York court against US rival Tiffany & Co for unfair competition. Senior managers at Tiffany & Co allegedly tried to obtain information in an "inappropriate" way on Cartier's activities in the United States through a former employee, it said in an email to AFP. The...

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Cartier Women's Initiative releases Impact Report on its 15th anniversary

To celebrate its 15th anniversary, luxury jeweller Cartier has released an impact report of its Cartier Women’s Initiative. Since 2006, the Cartier Women’s Initiative has helped women impact entrepreneurs to reach their full potential by shining a light on their achievements and providing them with financial, social and human capital support to...