Cartier owner destroys more than £400m of watches in two years
Richemont bought back stock from jewellers to stop it being sold at knockdown prices
Richemont
The first contemporary luxury brand from China sold to Italian entrepreneur Alessandro Bastagli
Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647 … Read more
The Cartier Panthère watch re-launched with online exclusive pop-up-shop on Net-a-Porter
For the first time ever, Cartier launched exclusive pop-up-shop on Net-a-Porter luxury e-commerce platform. This is the first time Cartier has ever partnered with an online retailer. In a total premiere, French Jewelry Maison Cartier turns to Net-A-Porter for its latest watch launch. Cartier signed an online deal with the luxury e-commerce platform to sell … Read more
Kering x Maison Cartier launch eyewear
Kering Eyewear will integrate the Manufacture Cartier Lunettes plant in Sucy-en-Brie, France. Kering Eyewear, part of Kering global Luxury group, and the Maison Cartier, owned by Compagnie Financière Richemont, announced a joint project in the eyewear segment. The partnership will create a platform for the development, manufacturing and worldwide distribution of the Cartier eyewear collection. Founded … Read more
Natacha Ramsay-Levi named creative director of Chloé
The Parisian-born designer will take the reins from Clare Waight Keller, bringing a wealth of experience from Balenciaga and Louis Vuitton
The global personal luxury goods market is highly fragmented. Report
Top Vendors in the Global Personal Luxury Goods Market from 2017 to 2021: Report. The global personal luxury goods market is highly fragmented, with the presence of both global vendors and local players, says the recent global personal luxury goods market report by Technavio. This market research report also lists 14 other prominent vendors that … Read more