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02. May 2024
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Tag: Baume & Mercier

Retail Asia17/01/2019
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Fashion

Richemont Group sales soars after YNAP acquisitions

4min1
Richemont Group sales soared 24 per cent in December quarter, to €3.915 billion. It was largely down to the inclusion of online acquisitions Yoox-Net-A-Porter (YNAP) and Watchfinder, which were consolidated into the group’s accounts on May 1 and June 1, respectively. But even excluding that, the sales growth was still strong at 5 per cent […]
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Retail Asia17/12/2016
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General

How to grow for Luxury brands

4min0
Luxury brands need to use new technologies and offer experiences for their customers, the second Luxury Society keynote event in Shanghai has been told. UCO Cosmetics CEO Arthur Zhang told the event that the early-stage eCommerce model of simply providing a platform for selling products online is dead. He said key technologies being experimented and improved […]
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Retail Asia28/05/2016
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Fashion

Richemont Asia stores set for cull

2min0
Feeling the pinch from a tough trading environment, luxury goods retailer Richemont has announced restructuring measures, including the closure of stores. Richemont Asia sales have declined despite a 26 per cent increase in sales in Mainland China. Global sales fell 18 per cent in April, and the company reported a 23 per cent drop in […]
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