Don't Miss:
11. May 2024
ABOUTADVERTISE CONTACT
   

Tag: richemont

Retail Asia15/11/2017
richemont1-1024x768.jpg
Fashion

Richemont’s half-year is good in APAC

2min0
Asia Pacific sales accounted for 39 per cent of group sales for Swiss luxury-goods holding company Richemont for its half-year to September 30. Sales in Asia Pacific rose by by 25 per cent, with double-digit growth in most markets led by Mainland China, Hong Kong, Korea and Macau. While all product categories saw growth, the […]
CONTINUE READING
Retail Asia05/07/2017
Shanghai-Tang-1024x622.jpg
Fashion

Richemont sells Shanghai Tang

5min0
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 a French or Italian one. Italian fashion entrepreneur Alessandro Bastagli and private equity fund Cassia Investments Ltd. bought the brand, one of the first Chinese fashion labels to seek a global presence, according to a statement Monday. It’s the first sale […]
CONTINUE READING
Retail Asia22/05/2017
richemont1-1024x768.jpg
Fashion

Richemont acquires 5% stake in Dufry

2min0
In big breaking news, Richemont Luxury Group has taken a stake of just over 5% stake in the world’s leading travel retailer Dufry. Under Swiss Stock Exchange (SIX) regulations, any holding of more than 3.0% must be publicly disclosed with 24 hours. Richemont Luxury Group is the direct shareholder while the beneficial owner/persons that can […]
CONTINUE READING
Retail Asia21/12/2016
dunhill-1024x705.jpg
Fashion

Alfred Dunhill opens concept store

2min0
One year after a “garage” pop-up store in Paragon Singapore, British men’s luxury brand Alfred Dunhill has opened its first-ever concept store. Its fourth outlet in Singapore brings to life the brand’s heritage of motoring, saddlery and gentlemanly inventions and adventures, says president Francois Carrere. “Inspired by the Alfred Dunhill home Bourdon House, the store’s […]
CONTINUE READING
Retail Asia11/11/2016
richemont1-1024x768.jpg
Fashion

Richemont sales woes prompt radical response

4min0
With Chinese shoppers buying fewer watches, Richemont sales continue to slide, prompting the luxury brand owner to announce uncharacteristically radical moves. While continuing to cull its store network, Richemont has axed its CEO role, placing more accountability in the roles of its brand executives. Richemont, which counts luxury timepiece brands Vacheron Constantin and IWC in […]
CONTINUE READING
Retail Asia07/11/2016
hermes-stores-1024x682.jpg
Fashion

Hermes results show luxury rebound

2min0
Rebounding luxury goods sales in Mainland China and improvements in Hong Kong have boosted third-quarter Hermes results. Analysts are pointing to these and last week’s strong Kering numbers in tipping the worst may now be over for both luxury markets. Hermes reported overnight that sales climbed to 1.26 billion euros (US$1.4 billion) in the last […]
CONTINUE READING
Retail Asia13/07/2016
YNAP-1024x573.jpg
Fashion

YNAP pins hopes on expansion

3min0
Italian online fashion retailer Yoox Net-A-Porter (YNAP) aims to double sales and boost profits by 2020 as it expands in new markets, including Asia, but says it is still committed to Britain despite the vote to leave the European Union. The group says it is expanding its London headquarters and hiring several hundred new staff […]
CONTINUE READING
Retail Asia28/05/2016
Cartier-Hypnose-Collection-2-1024x683.jpg
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 […]
CONTINUE READING
Retail Asia14/03/2016
kirch-1024x592.jpg
General

Swiss luxury retailer Kirchhofer for sale

2min0
Swiss luxury watch and jewellery retailer Kirchhofer is up for sale, Reuters reports. The family owned company, with annual sales of about US$302 million, is thought to produce a net profit of around $60 million annually. Reuters reported that three independent sources confirmed Credit Suisse has been engaged to sell the business. Kirchhofer sells most […]
CONTINUE READING
Retail Asia27/01/2016
Watches-Wonders-1024x362.jpg
Fashion

Tight market hits Watches & Wonders

5min
With sales slipping in the industry’s largest market, the annual Watches & Wonders exhibition in Hong Kong may be cut back to every two years. High-end watchmakers are looking at a shift in strategy in Hong Kong in the face of the most severe downturn the industry has faced since the 2008-09 financial crisis, reports […]
CONTINUE READING
Retail Asia22/01/2016
richemont1-1024x768.jpg
Fashion

Asia weighs on Richemont

2min
Luxury goods retailer Richemont has reported its first drop in Christmas retail sales in seven years, citing a downturn in Asia and fallout from the Paris terror attacks. And worse may be in store in the fourth quarter for the Geneva-based owner of luxury brands including Montblanc, Cartier, IWC Schaffhausen, Net-a-Porter and Alfred Dunhill – […]
CONTINUE READING
Retail Asia17/11/2015
cartier-1024x678.jpg
Fashion

Asia curbs Richemont sales

4min
Richemont – Swiss parent of luxury brands like Cartier, Dunhill and Montblanc – is blaming a Hong Kong sales slump for a tough half year ahead. Reporting its half year figures on Friday, the company said it expected a “challenging second half” which led to an immediate nine per cent fall in its share price. […]
CONTINUE READING
Retail Asia21/09/2015
richemont1-1024x768.jpg
Fashion

Richemont Revenue Beats Estimates on Japan, Europe Demand

4min
Richemont, the world’s biggest jewelry maker, said sales growth accelerated as weaker currencies attracted big-spending tourists to Japan and Europe, spurring the stock’s steepest intraday gain in more than two years. Sales increased 4 percent excluding currency shifts in the five months through August, the Geneva-based company said in a statement Wednesday. Analysts expected a […]
CONTINUE READING
Retail Asia28/04/2015
201362515329703-1024x682.jpg
General

Richemont warns of profit plunge

1min
Swiss corporate luxury retailer Richemont has warned of a 36 per cent plunge in net profit in the year to March 31, blamed on “derivatives”. The loss comes despite a 10 per cent improvement in operating profit and capital gains on the disposal of assets. “This significant decrease reflects non-cash, mark-to-market losses on financial instruments, […]
CONTINUE READING
Retail Asia30/01/2015
Shanghai-Tang-Spring-2011-Ad.jpg
E-Tailing

Shanghai Tang flagship launches 360 tour

2min
Two years ago, Richemont-owned luxury fashion brand Shanghai Tang relocated its flagship from the historic Pedder Building into a new location off the usually beaten path of die-hard shoppers. The decision was purely financial – the building’s owners ramped up the rental so much, the brand could not justify the overhead; apparently Abercrombie & Fitch […]
CONTINUE READING

Newer Posts

About Retail News Asia

Retail News Asia is committed to providing local and global retailers with the latest news from the Asian retail market on a daily basis.

We have resources for everyone from independently owned business owners to online-only retailers and major chains expanding their reach throughout the Asian market. Retail News is “the news source” with over 50 weekly posts and 13,6 million readers.

CONTACT US
CALL US ANYTIME
Most read
Retail updates

Stay up to date of the lates updates and retail news from Asia.






X