Wikstrom may have left because Richemont weren’t about to put resources into expanding its soft-luxury business in a meaningful way.
Richemont made it clear last week that they will not be quite so patient with underperforming businesses
You don’t buy Richemont for its fashion offering ... I wouldn’t say the fashion business has been badly run, but it has struggled.More quotes »
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Fabrizio Cardinali Appointed Dunhill CEO as Change Continues at Richemont
that owns Dunhill, Chloé, Azzedine Alaїa and Lancel, as well as jewellery brands Cartier, Piaget and Jaeger-LeCoultre. On May 16, Richemont’s chairman Johann Rupert announced that he would be taking a year’s sabbatical. During Rupert’s absence Yves-André Istel, from The Business of Fashion Read more »
Is Fashion Just an Accessory at Richemont?
online. Net-a-Porter last year trimmed its loss by half, to 19 million euros. Rupert told analysts at a May 16 meeting that Richemont doesn’t plan to buy any big companies. While watchmaker Panerai and jeweler Van Cleef & Arpels, which Richemont purchased from The Business of Fashion Read more »
SWITZERLAND: Richemont fashion boss Wikstrom resigns
Further details regarding the Board of Directors may be found on the Group's website at: http://www.richemont.com/about-richemont/corporate-governance/board-of-cfr-sa.html Compagnie Financiere Richemont SA (Richemont) works in the design, manufacture and distribution from Just-Style.com Read more »
Richemont Founder Johann Rupert Announces Plans of a Year Long Sabbatical
considering the price of stocks he holds. As per May 15 prices his net worth is estimated to be $6.9 billion. The sales of Richemont grew by about 12% in April. However the group is cautiously optimistic. In Rupert’s absence Deputy Chairman Yves-Andre Istel from Elite Choice Read more »
Richemont fashion and accessories head steps down
resigning from the position with immediate effect but would stay on as a board member until a shareholders meeting on Sept. 12. Richemont said Wikstrom had positioned the fashion and accessories business for further growth, overseeing the strategic development from Reuters Read more »