Compagnie Financière Richemont SA news and archive

Richemont UK reports significant increase in annual profit

Richemont UK Limited has reported a significant surge in profitability for the financial year ended March 31, 2025, with profit for the year reaching 21.67 million pounds, up from 8.73 million pounds in the previous year. The luxury goods distributor, which oversees the sale of jewellery, watches, and premium clothing across the UK and Ireland,...

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Catherine Rénier to take over as CEO of Van Cleef & Arpels

Richemont has announced that Catherine Rénier, currently CEO of Jaeger-LeCoultre, will succeed Nicolas Bos as chief executive officer of Van Cleef & Arpels, effective September 1, 2024, and will report to him following his recent appointment as Richemont’s CEO. The company said in a release that Rénier, a French national, brings more than 20...

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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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Richemont reports slow Q4 sales growth, appoints Nicolas Bos as CEO

For the full financial year, Richemont sales increased by 3 percent at actual exchange rates and 8 percent at constant exchange rates to 20.6 billion euros, driven by the jewellery maisons, while operating profit came in at 4.8 billion euros, a 13 percent improvement at constant exchange rates. Fourth quarter sales were down by 1 percent at...

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Dunhill names Simon Holloway as creative director

Luxury British menswear and accessories brand Dunhill has named Simon Holloway as its new creative director, effective immediately. Holloway joins from fellow Richemont Maison James Purdey & Sons, where he has served as creative director overseeing the brand's growing clothing and accessories collections since January 2022. Before that, he...

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Yoox Net-a-Porter to enhance Montblanc’s online shopping

Montblanc has announced that Yoox Net-a-Porter will operate its e-commerce platform starting from this month as it looks to take its digital capability to the “next level”. The move for Montblanc to choose Yoox Net-a-Porter to enhance its online shopping experience further strengthens ties with Compagnie Financière Richemont SA, the parent...