Crypto Bros Aren’t Flipping Watches. That Is an Issue for Luxury Brands.
It is becoming less lucrative to speculate on luxury watches, which has a knock-on effect in brands’ stores. Continue reading View comments
Compagnie Financière Richemont SA, an investment holding company, engages in the luxury goods business. The company operates through Jewellery Maisons, Specialist Watchmakers, and Other segments. It is involved in the design, manufacture, and distribution of jewelry products, precision timepieces, watches, writing instruments, clothing, and leather goods and accessories. The company provides its products under the Cartier, Van Cleef & Arpels, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Alaïa, Chloé, Delvaux, dunhill, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian, AZ Factory, Watchfinder&Co., TIMEVALLEE, MR PORTER, The Outnet, and YOOX NET-A-PORTER brands through boutiques and online stores. It offers its products in France, the United Kingdom, Italy, Switzerland, rest of Europe, the United Arab Emirates, rest of the Middle East, Africa, China, Hong Kong, Macau, Japan, South Korea, rest of Asia, the United States, and rest of the Americas. The company was incorporated in 1979 and is headquartered in Bellevue, Switzerland.
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83 024 M | |
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0.021 | |
1.221 |
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It is becoming less lucrative to speculate on luxury watches, which has a knock-on effect in brands’ stores. Continue reading View comments
(Bloomberg) -- Bernard Arnault confirmed he bought a small stake in Cartier owner Richemont, as the chief executive officer of rival luxury conglomerate LVMH seeks to cool speculation about his intent...
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