The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Swiss luxury group has promoted its chief sustainability officer and plans to add to its board a car-industry veteran who worked on the shift to electric vehicles.
Bérangère Ruchat, who joined Richemont last year as the company’s first chief sustainability officer, will now join the group’s senior executive committee. Her promotion will ensure sustainability objectives are fully embedded in the group’s strategic and operational decisions, Richemont chairman Johann Rupert said in a statement Friday.
The company has also nominated Bram Schot, a Dutch executive with more than 30 years experience in the luxury automotive sector, to its board of directors. Schot initiated the transition to electric vehicles at Audi, gaining a strong understanding of the challenges associated with transitioning established businesses in line with sustainability goals. Schot’s appointment is subject to shareholder approval.
Learn more:
How Do Fashion’s Biggest Luxury Players Stack Up on Sustainability?
Kering and Burberry topped the luxury ranking in 2022’s BoF Sustainability Index, while Prada, Capri, Richemont and Tapestry lagged.
After four decades of emotionally-charged campaigns, Peta founder Ingrid Newkirk can all-but declare victory in the war on fur. Taking on more widely-used animal-based materials will be harder, however.
China’s jewellery market is surging double-digits but in the face of growing competition from local players some international brands are only seeing subdued returns.
The State of Fashion: Beauty finds that brands have a growing opportunity to tap into emerging wellness subcategories — from sleep to sexual intimacy to ingestible beauty — by upgrading existing products or expanding portfolios, provided they do so with credibility and authenticity.
The brand on Monday revealed its 2023 “Blue Book” collection of high jewellery, a series of intricate pieces priced upwards of $75,000 that marks the brand’s first high jewellery collection since bringing on former Cartier designer Nathalie Verdeille as chief artistic officer in 2021, as well as the first collection fully developed under LVMH.