Richemont jobs
Environmental objectives of luxury groups: Who is aiming for what?
By 2040, Chanel is expected to achieve net-zero greenhouse gas emissions across its entire value chain. With this goal, the company aligns itself with the Paris Agreement signed in 2015, which aims in particular to keep global warming well below 2°C compared to pre-industrial levels by 2100. But what about the other luxury giants? FashionUnited...
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Mytheresa completes acquisition of YNAP
E-commerce specialist Yoox Net-a-Porter (YNAP) now officially has a new owner. On Thursday, Munich-based fashion retailer Mytheresa and Swiss luxury goods group Compagnie Financière Richemont SA (Richemont) announced the completion of their transaction agreed last autumn. Accordingly, MYT Netherlands Parent BV, the listed parent company of...
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Mytheresa secures regulatory clearance for YNAP acquisition
German e-tailer Mytheresa has said that it has received clearance to acquire Yoox Net-a-Porter (YNAP) from the European Commission. With this, the company has now secured all necessary approvals from regulatory authorities to move forward with the sale and plans to close the transaction by April 23, 2025. Mytheresa had first announced its...
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Panerai names Emmanuel Perrin as chief executive
Italian luxury watch manufacturer Panerai, part of conglomerate Compagnie Financière Richemont, has appointed Emmanuel Perrin as chief executive officer, effective April 1. Perrin, who is currently head of specialist watchmakers distribution, will succeed Jean-Marc Pontroué, who announced his departure from the company this week after a 25-year...
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Richemont announces senior executive committee changes
Switzerland-based luxury goods company Richemont has announced changes to its board of directors and senior executive committee (SEC), effective immediately. The company stated that Catherine Rénier, chief executive officer of Van Cleef & Arpels, Louis Ferla, CEO of Cartier, and Marie-Aude Stocker, chief people officer of Richemont, have been...
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Demand for 'hard luxury' takes Richemont to new heights
Richemont, the Swedish luxury conglomerate, has reached a market value of more than 100 billion Swiss francs (about 88.9 billion pounds) for the first time. Richemont's shares rose 0.5 percent to 169.15 Swiss francs, marking the sixth consecutive day of gains, Bloomberg reported. In the third quarter of fiscal year 2024/25, Richemont achieved a...
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Mytheresa nominates Richemont CFO Burkhart Grund to supervisory board
Mytheresa has announced the appointment of Burkhart Grund, chief financial officer of Richemont, as a new supervisory board member, following the completion of its acquisition of YNAP. “We are pleased to welcome Burkhart Grund, a highly experienced financial expert, to our board,” said Nora Aufreiter, chair of the supervisory board of Mytheresa....
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Mytheresa closes the deal to acquire YNAP from Richemont
Mytheresa has acquired 100 percent of the share capital of Yoox Net-A-Porter Group (YNAP). At transaction closing, Richemont will sell YNAP to Mytheresa with a cash position of 555 million euros and no financial debt. Richemont will also make available a six-year revolving credit facility of 100 million euros to finance YNAP’s general corporate...
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Giorgio Sarné to join Montblanc as CEO
Montblanc has appointed Giorgio Sarné as CEO, effective November 15, 2024. The company said in a statement that Giorgio Sarné, a graduate of both Bocconi University in Milan, and Hautes Etudes Commerciales (HEC) Paris, brings over 20 years of senior management experience within the luxury industry. "I am delighted to welcome Giorgio to the...
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Vhernier shuffles leadership following Richemont acquisition
On the back of Richemont closing its acquisition of the jewellery brand, Vhernier has now announced the appointment of Gianluca Brozzetti to its board of directors as executive vice president in an ad-interim CEO role. While Vhernier’s ownership will now be switching hands to the Swiss luxury giant, the brand’s former owners, the Traglio family,...
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TimeVallée to open its first store in Canada
TimeVallée, the Richemont-owned luxury watch and jewellery multi-brand retail concept, will open its first flagship store in Canada in partnership with Canadian jewellery retailer Maison Birks in September. The 2,800-square-foot store will be located in the highly anticipated Royalmount development in midtown Montreal. It will offer a curated...
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LVMH CEO confirms personal stake in luxury group Richemont
Bernard Arnault, LVMH's CEO, has confirmed reports of a small personal stake in Richemont, the Swiss luxury goods company and parent of Cartier and Alaïa. Mr Arnault in an interview with US news outlet CNBC emphasised his stake is unrelated to LVMH's corporate strategy. This move comes amid challenging financial results for LVMH, with a 1...
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