FORGOTTEN HISTORY: Richemont - Caught on Camera

Richemont Protects Luxury Pricing: group spends €481m on watch buy-backs; move aims to curb grey-market discounting

In a strategic move, luxury watchmakers such as Cartier have repurchased millions of unsold timepieces to uphold their brand exclusivity. This initiative was designed to curb the influx of discounted products into the grey market, thereby safeguarding brand integrity. Amidst a dip in luxury demand and shifts in consumer preferences,…

The Times of India · Sep 13

Nasdaq Futures Climb as ASML Fuels AI Optimism, U.S. PPI Data and Earnings in Focus

September Nasdaq 100 E-Mini futures (NQU26) are up +0.40% this morning as sentiment got a boost after ASML Holding’s earnings provided fresh evidence of unrelenting demand for cutting-edge chips.

Barchart · Jul 15

From space rocks to smartwatches, AI millionaires rewrite the luxury playbook

Newly minted millionaires from tech IPOs are spending fortunes on unique items. These individuals are buying meteorites and fire trucks, diverging from traditional luxury. Luxury brands face competition from other industries and unique consumer tastes. Tech employees prioritize experiences and wellness, favoring smartwatches over traditional timepieces. Durable assets like real…

The Economic Times · Jul 8

Jérôme Lambert took an unlikely career step down from Richemont CEO to leading one of its 29 brands. He said he just wanted to return to ‘the job I love’

Jérôme Lambert went from being Richemont Group’s CEO to its COO, and then CEO of its Jaeger-LeCoultre maison—all in a span of six months.

Fortune · Apr 1, 2025

What Bernard Arnault's optimism for the U.S. could mean for LVMH's position under 'tariff man' Trump

"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard Arnault told reporters.

Fortune · Jan 29, 2025

Burberry’s pivot back to its roots is working as shares jump 15% following better-than-expected sales

Burberry is turning to its forte and "offering a range of products to attract a broad base of luxury customers," CFO Kate Ferry said.

Fortune · Jan 24, 2025

LVMH dethrones Novo Nordisk as Europe's most valuable company

Novo Nordisk has faced a massive selloff in recent months amid disappointing drug trials and U.S. pressure to cut its prices.

Fortune · Jan 20, 2025

Overdone price hikes, the demise of ‘quiet luxury,’ and sluggish European tourism—here's what Bank of America expects will shape luxury in 2025

“We think that like the game of snakes and ladders, 2025 will see many ups and downs for the luxury sector,” Bank of America analysts said.

Fortune · Jan 17, 2025

Luxury stocks rally globally amid signs of recovery in demand

Watches of Switzerland and Burberry’s share prices climbed after Cartier-owner Richemont posted booming sales.

Evening Standard · Jan 16, 2025

Cartier owner Richemont shines with better-than-expected sales as poor China demand offset by rest of the world

Despite weakness in China, "Richemont has never been stronger," investment firm Vontobel's analyst said.

Fortune · Jan 16, 2025