Switzerland

News & Analysis

Richemont's Farfetch Deal to Further Boost Strong China Sales

6 November 2020 • By Reuters

6 November 2020 • By Reuters

The Cartier owner posted an 82 percent drop in net profit for its first half to September 30 despite a 78 percent jump in Chinese sales.

News & Analysis

Richemont's Farfetch Deal to Further Boost Strong China Sales

The Cartier owner posted an 82 percent drop in net profit for its first half to September 30 despite a 78 percent jump in Chinese sales.

News & Analysis

Kering-Owned Swiss Watch Brands Cut Staff by 25%

7 September 2020 • By Reuters

7 September 2020 • By Reuters

Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.

News & Analysis

Kering-Owned Swiss Watch Brands Cut Staff by 25%

Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.

News & Analysis

Richemont Chairman Warns Company Must Be Cautious With Cash

26 August 2020 • By Reuters

26 August 2020 • By Reuters

Johann Rupert said the pandemic hit the watch and jewellery maker's cash flow, making it necessary to halve its dividend to 1 Swiss franc per share.

News & Analysis

Richemont Chairman Warns Company Must Be Cautious With Cash

Johann Rupert said the pandemic hit the watch and jewellery maker's cash flow, making it necessary to halve its dividend to 1 Swiss franc per share.

News & Analysis

Richemont to Ask Shareholders for Conditional Share Capital Increase

7 August 2020 • By Reuters

7 August 2020 • By Reuters

The Cartier-owner seeks to preserve cash during the pandemic having already halved its dividend.

News & Analysis

Richemont to Ask Shareholders for Conditional Share Capital Increase

The Cartier-owner seeks to preserve cash during the pandemic having already halved its dividend.

News & Analysis

Richemont First-Quarter Sales Slump as Covid-19 Hits Jewellery Demand

16 July 2020 • By Reuters

16 July 2020 • By Reuters

The Cartier-owner's sales fell 47 percent to €1.99 billion ($2.27 billion), a similar decline posted by rival Swatch Group earlier this week.

News & Analysis

Richemont First-Quarter Sales Slump as Covid-19 Hits Jewellery Demand

The Cartier-owner's sales fell 47 percent to €1.99 billion ($2.27 billion), a similar decline posted by rival Swatch Group earlier this week.

News & Analysis

Swatch Group Posts Its First Half Year Loss

14 July 2020 • By Reuters

14 July 2020 • By Reuters

The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.

News & Analysis

Swatch Group Posts Its First Half Year Loss

The Swiss watchmaker reported a net loss of $327 million in the first half of 2020 and saw sales drop 46.1 percent.

News & Analysis

Richemont Human Resources Director Leaves Executive Committee

12 June 2020 • By Reuters

12 June 2020 • By Reuters

Sophie Guieysse will be stepping down from the committee but will reportedly stay on in her HR role, despite mounting employee anger over executive compensation.

News & Analysis

Richemont Human Resources Director Leaves Executive Committee

Sophie Guieysse will be stepping down from the committee but will reportedly stay on in her HR role, despite mounting employee anger over executive compensation.

News & Analysis

Rolex Joins Leading Watchmakers Withdrawing From Baselworld

14 April 2020 • By Reuters

14 April 2020 • By Reuters

The flagging event has already seen high-profile exits including Swatch Group, Patek Philippe and Chanel.

News & Analysis

Rolex Joins Leading Watchmakers Withdrawing From Baselworld

The flagging event has already seen high-profile exits including Swatch Group, Patek Philippe and Chanel.

BoF Professional Exclusive

To Survive, Luxury Fashion Must Hibernate

14 April 2020 • By Luca Solca

BoF Professional Exclusive

To Survive, Luxury Fashion Must Hibernate

Companies should reduce their cost perimeters, keeping as many of their personnel and key assets as possible, while stopping virtually all manufacturing and sourcing, argues Luca Solca.

BoF Professional Exclusive

Is Fashion Ready for a Multicultural Minefield?

17 March 2020 • By Luca Solca

BoF Professional Exclusive

Is Fashion Ready for a Multicultural Minefield?

Social media, Chinese nationalism and a culture war in the US have ratcheted up the risk of costly cultural missteps like those made by Dolce & Gabbana, Gucci, Prada and others. Luca Solca examines what fashion brands should — and should not — do.