Revenue for [...], Fashion Industry Reacts To Death Of Lanvin Designer Alber Elbaz, LVMH, Cartier And Prada Partner To Fight Counterfeits, Invite Other Luxury Brands To Join, Xintiandi Developer Signs Up Second New Board Member This Month. Its jewelry creations are renowned for their highly distinctive look-and-feel evoking silk, damask, tulle and linen. The Specialist Watchmakers segment offers precision timepieces, which comprises Piaget, A. Lange & Sohne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier, and. The launch date of the Knowledge Leaders Developed World ADR Index (Bloomberg ticker KNLGAX) is 9/13/16 and the base date of the index calculation is 3/31/2000. Updated Jun 24, 2020. Statista, Statista Inc., 27 May 2020, https://www.statista.com/statistics/245948/total-sales … All Rights Reserved. Switzerland-based luxury conglomerate Richemont Group has just issued its trading update for the six months ended 30 September 2020. In 2015, the chairman and controlling shareholder of the luxury goods group Richemont, Johann Rupert, took to the stage at an industry conference in Monte Carlo … Filter. Farfetch's IPO marks an important milestone in luxury fashion retail. Richemont is a big player in the jewelry and watch business, owning Cartier, Van Cleef & Arpels, IWC, Vacheron Constantin, Montblanc, Net-a-Porter, and Jaeger-LeCoultre. Companies are selected for “Spotlights” based on high levels of innovation activities in their industries and illustrate innovation being employed across all sectors and geographies. Grand Prairie, United States; All Rights Reserved. EXCLUSIVE: Richemont will withdraw all its watch brands from Govberg Jewelers in 2020. Richemont has acquired 100 percent of renowned Italian jewelry house Buccellati. Sign up for reports from Knowledge Leaders Capital. ... Richemont Response. One of the limitations of hypothetical performance results is that they are prepared with the benefit of hindsight. Called Baume, the new brand makes its world debut today. Brand Ambassador - Van Cleef & Arpels. Chinese ecommerce giant Alibaba and Swiss luxury group Richemont will invest a combined $1.1 billion in U.K.-based online luxury retailer Farfetch, in a move that aims to capitalize on China’s growing luxury-goods market. The performance of client account may vary from the Index performance. The jeweler is one of Richemont's brands. The Richemont Group of luxury brands unveils all-new affordable watch brand created with a sustainable philosophy and made on order. As of September 30, 2020, the jewelry maison division of Richemont Group operated 458 monobrand stores around the world. These returns should not be considered as indicative of the skills of the investment adviser.To obtain additional index methodology and constituent components, please visit KnowledgeLeadersCapital.com. An investor cannot invest directly in an index. Image: Gucci. Search job titles. Following the monthly announcements made by the FHS regarding Swiss watch exports and half-year results by Swatch Group a couple of days ago, it is now time for the other giant of the Swiss watch industry, Compagnie Financière Richemont SA, to announce its first-quarter 2020 results… And, as expected from the current coronavirus situation, lockdown […] February 26, 2020 – Talent Manager Europe. Cartier, part of Richemont Group, Sues Saks Fifth Avenue -- owned by Hudson Bay Company, The company also announced that sales in the five months ending August 31 increased by 25 percent at constant exchange rates and 22 per cent at actual exchange rates to 5.7 billion euro ($6.6 billion). Richemont’s luxury brands provide a sustainable moat, the balance sheet is rock solid, and the company is becoming an e-commerce powerhouse. Use Forbes logos and quotes in your marketing. Kering’s staple of brands includes Gucci, Yves Saint Laurent, Bottega Veneta, Alexander McQueen, Ulysse Nardin, and Girard-Perregaux. © 2021 Knowledge Leaders Capital, LLC – All rights reserved | 1600 Broadway, Suite 1600, Denver, Colorado 80202 | 303.763.1810 | info@klcapital.com, Moneyball Investing: Winning the Loser's Game, Here’s 5 Reasons Why Gold Miners Have Massive Outperformance in the Tank, 10 Major Investment Implications (and 32 charts!) English. March 22, 2021 - By TFL. During its 2019/2020 financial year ended on March 31st, Richemont recorded a turnover of Euro 14,238 million, up 2% at real and constant exchange rates. The performance results are based upon a hypothetical model. Clear All. Results are not based on an Index that was maintained in real time. Roger Dubuis. The launch date of the Knowledge Leaders International ADR Index (Bloomberg ticker KNLGINAX) is 8/30/16 and the base date of the index calculation is 3/31/2000. © 2021 Forbes Media LLC. Fourth quarter sales declined by 18% at actual exchange rates, with sales in Asia Pacific down by 36%, including Hong Kong SAR, China, down by 67%; sales in Europe decreased … Richemont (the company founded by a South African who owns Cartier) and Alibaba are each investing $300 million in Farfetch. Richemont sales to the Americas rose by 3% at constant currency rate for the final quarter of 2020, dramatically outperforming Europe, which saw a 20% fall in revenue as lock downs intensified across the continent. There are numerous other factors related to the markets in general or to the implementation of any specific trading strategy which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results. On 2 June 2005, Richemont announced its sale to Spanish investment company Torreal S.C.R., S.A. Indeed, in a recent study on Generation Z consumers, Richemont found its next generation of customers and stakeholders place a greater priority on climate change and other environmental issues. The designer responsible for Lanvin's revival is dead at 59 from Covid-19. Alibaba and Richemont will also explore additional opportunities to work closely with Farfetch to provide services to luxury brands. Find Reviews Filter. The company has a rich history and patrimony, distinguished by exceptional craftsmanship and unique know-how. The launch date of the Knowledge Leaders Knowledge Leaders Developed World Index (Bloomberg ticker KNLGX is 7/1/14 and the base date of the index calculation is 3/31/2000. Some investments are not suitable for all investors, and there can be no assurance that any investment strategy will be successful. ... Richemont Brand Ambassador Reviews. LVMH Moët Hennessy Louis Vuitton, which in 2019 initiated the Aura platform, will be joined by Prada Group and Compagnie Financière Richemont in … Richemont. Source: Richemont Company Update, July 16, 2020. Asia Pacific and Middle East & Africa were the best-performing regions, notching sales increases of 25% and 27% respectively. Cyrille Vigneron, currently the president of LVMH Japan, will succeed Stanislas de Quercize on Jan. 1, 2016, Cartier store on 5th Avenue in New York. Speaking on the $1.15 billion mega-deal between Farfetch, Alibaba and Richemont for the first time at VOICES 2020, José Neves and J. Michael Evans laid out their vision for the year ahead. The luxury products group’s 25 “maisons” or houses, are united in the firm’s quest for creativity, innovation and excellence. Richemont Turned Down Kering Merger Proposal in January, Per Report. Sustainability Report 2020 Our stories. Georges A. Kern, Head of Watchmaking for Richemont Group and previously head of IWC Schaffhausen watches, defects, with a plan to lead another large watch brand to a path of glory. As a responsible luxury goods company, Richemont seeks to improve lives across all points in the luxury value chain. As a platform business model, rather than a traditional linear fashion business like Richemont's Yoox, Farfetch owns the means of connecting buyers and sellers, not inventory, which creates bigger profits. As of 3/31/21, Compagnie Financiere Richemont was held in the Knowledge Leaders Strategy. To this end, Richemont collaborates with technology firms in R&D areas such as embedded electronics, augmented reality, deep learning and recycled materials. Richemont supports European Sustainable Development Week 2020; Richemont announces DEI developments including creation of Group DEI Council; Trading update for the third quarter ended 31 December 2020; Alber Elbaz and Richemont launch AZ Factory, smart fashion that cares; 10 Richemont Maisons exhibit at Watches and Wonders Shanghai on 14-18 April 2021 Spotlights are not necessarily representative of investment opportunities and can be selected regardless of investment performance. It operates through the following segments: Jewellery Maisons, Specialist Watchmakers, Online Distributors, and Other. LVMH Moët Hennessy Louis Vuitton, which in 2019 initiated the Aura platform, will be joined by Prada Group and Compagnie Financière Richemont in the Aura Blockchain Consortium, which will promote the use of a single blockchain solution open to all luxury brands worldwide. As expected in these uncertain times, sales are down. (Yicai Global) April 17 -- Compagnie Financière Richemont, the world's second-largest luxury goods company, penned a contract online yesterday with the China International Import Expo Bureau confirming its participation in the CIIE and signed a framework agreement on its strategic partnership with the expo in the first time the Swiss firm has participated in the fair. By submitting this form you acknowledge our privacy/data collection policy. The information presented here is for informational purposes only, and is not to be construed as an offer to sell, or the solicitation of an offer to buy, securities. The Index data is the property of Knowledge Leaders Capital, LLC, which has contracted with SolactiveAG to calculate and maintain the indexes. © 2021 Forbes Media LLC. The returns of the Index prior to the launch date are based on applying the rules in effect as of the launch date retroactively to historical periods to and including the base date. The online Distributors segment relates to online sale of luxury goods through YNAP and Watchfinder. Richemont trades on a trailing P/E of 20.8x and sports a 3.7% yield. In addition to luxury brands like Cartier, Chloé, Dunhill, Montblanc and Peter Millar, the group is building leadership through online distribution. LVMH Moët Hennessy Louis Vuitton, which in 2019 initiated the Aura platform, will be joined by Prada Group and Compagnie Financière Richemont in … FARFETCH, Alibaba Group and Richemont Form Global Partnership 05.11.2020 FARFETCH (NYSE:FTCH), Alibaba Group (NYSE:BABA and HKSE: 9988) and Richemont (SWX:CFR) today announced a global strategic partnership to provide luxury brands with enhanced access to the China market as well as accelerate the digitization of the global luxury industry. ZURICH (Reuters) - Chinese splashing out on Cartier, Richemont’s flagship jewellery brand, helped the world’s second-biggest luxury group post a 5% rise in sales in the final quarter of 2020. Sources: Factset, Bloomberg, S&P Cap IQ; Forbes. Although we make every effort to ensure such links are accurate, up to date and relevant, we have no control over pages maintained by external providers. By. COVID-19 impacted activities but the situation has improved over the past months helped by Chinese demand. Luxury goods conglomerate Cie. Financiere Richemont SA said Monday that third quarter revenue increased 24 percent year-over-year to 2.62 billion euros ($3.32 billion) with all regions and nearly all of its brands reporting double-digit increases. Helped by Chinese demand full information including additional policies and full disclosures on the,. That was maintained in real time Baume, the new brand makes its world debut today in... 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