Luxury Goods News
-
Cie. Financiere Richemont SA Chairman Johann Rupert, who said yesterday he will take a 12-month sabbatical after leading the company for 25 years, has overtaken Nicky Oppenheimer as the richest South African.
-
Cie. Financiere Richemont SA Chairman and controlling shareholder Johann Rupert will take a year off, leaving management of the world’s second-biggest luxury-goods company to a team of executives including Cartier’s former CEO.
-
Growth in luxury-goods spending will be sustained this year as booming demand in Southeast Asia offsets a slowdown in China and Europe, according to Bain & Co.
-
China’s love affair with glitzy Swiss timepieces is ending, as President Xi Jinping’s campaign against corruption makes targets of wearers.
-
Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire.
-
At a time when department stores are chopping themselves into mini-malls -- J.C. Penney Co. being the most prominent example -- Barneys is doing the opposite.
-
China’s burgeoning middle class is buying diamonds so quickly that the price of mass-market stones is rising faster around the world than for top-quality jewels affordable only to the super-rich.
-
Patek Philippe Chairman Thierry Stern had advice for Swiss watchmakers several years ago that most rivals didn’t heed: don’t overinvest in China. Amid the recent slowdown in China, the executive’s call has proved prescient.
-
For border officials in Hong Kong, baby formula trumps heroin.
-
Cie. Financiere Richemont SA, the maker of Cartier jewelry and IWC watches, said full-year net income rose about 30 percent, more than analysts expected, as the dollar’s strength against the euro boosted sales growth.
|
|
Most Popular on Bloomberg
|
| |
Rate this Page