Luxury goods giant Richemont said on Monday that its third quarter sales grew by one third to 2.1 billion euros ($2.8 billion), driven by booming demand in Asia.
If the net profit of luxury companies such as Richemont is taken as a litmus test then the market is on its way to a pretty decent recovery. The Richemont Group, which owns brands such as Cartier, Montblanc, and Jaeger Le Coultre has ...
Online fashion retailer Net-a-Porter is being acquired for up to ?350m by Richemont, the Swiss luxury goods group. Here is the original post: Founder to bag ?50m from sale of Net-a-Porter (Daily Telegraph)
