Daily Digest

Cloud of Uncertainty Hangs Over Richemont’s Fashion Brands

Chloé A/W 2013 | Photo: Sonny Vandevelde
“When Swiss luxury conglomerate Richemont hired Marty Wikstrom as CEO of their fashion group in 2009, chieftain Johann Rupert said the move “reaffirms Richemont’s commitment to our fashion and accessories Maisons”. Little wonder that when Ms Wikstrom’s departure was announced abruptly last May, it prompted questions about whether some of the group’s fashion labels would follow her out of the door.”