Richemont’s Montblanc brand and the luxury giant’s Yoox Net-A-Porter e-tail specialist have announced a new partnership. Montblanc will now use YNAP “to power the next iteration of its successful e-commerce platform”.
The former Givenchy CEO has joined the Richemont group, where he will supervise the fashion and accessories division from September. He succeeds Eric Vallet, who left last October to become CEO of Rémy Cointeau.
On Friday, the Swiss luxury giant, owner of jewellery brand Cartier, announced its Group EVP Human Resources Sophie Guieysse is stepping down “with immediate effect”, in the midst of an executive remuneration row.
Kering’s eyewear business has announced a partnership with Chloé. Kering Eyewear will design, produce, and distribute eyewear for Chloé (Richemont), taking over from its previous partner Marchon Group.
Alibaba's 6.18 Mid-Year Shopping Festival (running on Tmall and Taobao) has seen a luxury surge. Almost double the number of luxury brands are participating compared to the last big event, 2019’s Singles Day in November
Richemont mixed good news with bad on Friday as it delivered its full-year results, with the giant luxury group reporting resurgent demand in China on the reopening of its stores, but also a profits plunge.
The perfume maker announced on Wednesday that its sales dropped 18.7% in the first quarter, with Coach and Guess-branded fragrances helping to offset some of the negative impact of the ongoing Covid-19 pandemic.