LONDON — Despite slowing sales growth, Richemont is weathering luxury’s challenges better than some of its peers, with chairman Johann Rupert focusing on the long-term management of the business and looking forward to an eventual rebound in consumer confidence, especially in China. “The Chinese will return — I have full confidence. There’s nothing wrong with … Read more
LONDON – Slowing demand for luxury goods hampered Compagnie Financière’s Richemont’s growth in the fiscal fourth quarter and full year. In the fourth quarter, the watches and jewelry giant posted a 1 percent decline in sales at actual rates, and a 3 percent rise in full-year sales to 20.62 billion euros. At constant exchange, fourth-quarter sales … Read more
When Van Cleef & Arpels established L’École, School of Jewelry Arts, in Paris, in 2012, the French jeweller wanted to create a space that both the public and connoisseurs could visit to learn more about jewellery. While other decorative arts are quite accessible, jewellery has always felt a bit intimidating to those outside the field, … Read more
