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richemont

November 13, 2013

Lagardere reports sales are down, while News Corp, Henkel and Richemont all saw net profits rise for the third quarter – despite currency fluctuations hitting revenues.

Lagardere reports sales are down, while News Corp, Henkel and Richemont all saw net profits rise for the third quarter – despite currency fluctuations hitting revenues.

Lagardere
French publishing, media and travel group Lagardere, controlled by the eponymous family, said sales were down 2.9% to €1.9 billion for the third quarter of 2013, and revenues for the first nine months of the year fell by 1.1% to €5.3 billion.

May 17, 2013

Johann Rupert, the second-gen chairman of Switzerland-based luxury watch and jewellery group Richemont, has announced he plans to take a gap year from the family business starting from September.

Johann Rupert, the second-gen chairman of Switzerland-based luxury watch and jewellery group Richemont, has announced he plans to take a gap year from the family business starting from September.

The 62-year-old has been at the helm of Richemont for 25 years. He told reporters: "I just want to be master of my time for some time, it is ironic someone in the watch business should not be in control of his time."

January 23, 2013

The latest results show 2012 was a good year for many European family businesses; secretive Ikea published strong results, and luxury groups Richemont, Swatch and Remy Cointreau also reported encouraging figures. But German-based Metro Group and Douglas Holding had to fight for growth in the household goods market.

The latest results show 2012 was a good year for many European family businesses; secretive Ikea published strong results, and luxury groups Richemont, Swatch and Remy Cointreau also reported encouraging figures. But German-based Metro Group and Douglas Holding had to fight for growth in the household goods market.

Ikea
Swedish giant Ikea Group published its 2012 financial results on 23 January – only the fourth time it has published results in its 70-year history.

November 9, 2012

Johann Rupert, the second-generation head of Swiss luxury group Richemont, is to step down as chief executive next year and will be succeeded by two non-family members.

Johann Rupert, the second-generation head of Swiss luxury group Richemont, is to step down as chief executive next year and will be succeeded by two non-family members.

The family business, famous for owning brands such as Cartier and Montblanc, said in a statement today that Bernard Fornas and Richard Lepeu will replace Rupert from 1 April 2013.

Rupert, 62, who transformed the company founded by his father into a luxury giant, will remain chairman of Richemont.

May 17, 2012

Family businesses in the luxury sector have once again defied the wider economic gloom with Swiss group Richemont posting a 50% rise in profits, while a number of European firms in other sectors have had a difficult first quarter.

Family businesses in the luxury sector have once again defied the wider economic gloom with Swiss group Richemont posting a 50% rise in profits, while a number of European firms in other sectors have had a difficult first quarter.

Rupert family-controlled Richemont, which owns luxury brands such as Cartier and Piaget, said on 16 May that operating profits for the year ending 31 March increased by 51% to €2.04 billion.

September 7, 2011

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic. 

Many of South Africa’s wealthy entrepreneurs are likely to pass their businesses on to family members or retain some family control of the enterprises, according to a leading academic.

Dr Margaret Cullen, co-director of the Nelson Mandela Metropolitan University’s Family Business Unit, said there is a strong history of family businesses in the country and this is likely to continue.

September 7, 2011

Swiss-based luxury goods group Richemont, which owns brands such as Cartier, Montblanc, Dunhill and Chloé, reported sales that exceeded analysts’ expectations, as consumer spending increases in Asia.

Swiss-based luxury goods group Richemont, which owns brands such as Cartier, Montblanc, Dunhill and Chloé, reported sales that exceeded analysts’ expectations, as consumer spending increases in Asia.

September 8, 2010

Swiss-based luxury goods group Richemont has seen sales jump in the five months to 31 August, boosted by the acquisition of online fashion business NET-A-PORTER.COM and increasing demand from Asia.

Swiss-based luxury goods group Richemont has seen sales jump in the five months to 31 August, boosted by the acquisition of online fashion business NET-A-PORTER.COM and increasing demand from Asia.

Sales at the family-controlled company increased by 37% year-on-year following the purchase of NET-A-PORTER.COM in April this year for €272 million.

Excluding this acquisition, sales rose 22% driven by demand from Asia and the Americas, where Richemont reported a 36% and 38% increase in sales respectively.

May 21, 2009

The skills of family business owners, chairmen and managers are being severely tested in the current climate. Just this week, rumours that family-owned Shaeffler’s audacious takeover of larger rival Continental is beginning to unravel have surfaced. So what are some of the world’s leading business-owning families saying and doing? Campden FB takes a look…

The skills of family business owners, chairmen and managers are being severely tested in the current climate. Just this week, rumours that family-owned Shaeffler's audacious takeover of larger rival Continental is beginning to unravel have surfaced. So what are some of the world's leading business-owning families saying and doing? Campden FB takes a look…

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