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Switzerland
Richemont imposes budget cuts on all its brands

The mood is gloomy in Bellevue, Richemont's ultra-modern headquarters in Switzerland: every one of the group's brands has been ordered to cut its projected budget for 2024. [...]

Published on 23/11/2023 at 06:00 GMT

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Houses

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Cartier
Chemena Kamali
Chloé
Covid-19
Gabriela Hearst
Johann Rupert
Met Gala
Metropolitan Museum of Art
Richemont

Switzerland
Preparing his succession, Johann Rupert brings entire family into holding company that controls Richemont

Officially, only two Rupert family members, CEO Johann Rupert and his son Anton, control the Swiss company that holds the family's stake in the Swiss luxury giant. In fact, thanks to a complex financial set-up, the entire clan are now shareholders in the holding company, consolidating their hold on Richemont and providing Anton with family backup should he succeed his father.

Subscribers only Families 07.11.2024

France
Demise of Catherine Miran's PR agency spells new start for communications veteran

Catherine Miran's namesake PR agency, in poor financial health, is shutting up shop on Thursday. But its founder will soon be back on track thanks to a clever sleight of hand.

Subscribers only Entourage 25.04.2024

Switzerland
The Ruperts rejuvenate the ranks of their family office

Two key figures who had worked with Richemont's shareholding family for decades have handed over their positions in the Ruperts' asset holding company to a younger manager.

Subscribers only Families 01.02.2024

France, Switzerland
Jean Nouvel's plans for the new Fondation Cartier

The Fondation Cartier will move premises in 2025 from Paris's Boulevard Raspail to a building on Place du Palais-Royal near the Louvre. French architect Jean Nouvel, who designed the jewellery brand's first foundation, is returning for the new project.

Subscribers only Houses 11.01.2024

France, United States
Brands navigate uncharted legal waters in quest for confidentiality

From CEOs to temporary workers, confidentiality clauses are ubiquitous in luxury sector employment contracts, but they often involve extrapolations of existing laws.

Subscribers only Houses 07.12.2023

United States
Gabriela Hearst's increasing designs on Hermès's Dumas heirs

American-Uruguayan fashion designer Gabriela Hearst has been working closely with one of the heirs to the three families that control Hermès.

Subscribers only Houses 16.11.2023

France
Richemont and LVMH not in clover as fresh legal battles blossom

After clashing first over the use of the Vendôme name, and then over the poaching of managers and, potentially, of trade secrets, luxury giants Richemont and LVMH are now squaring off over the intellectual copyright of a range of clover-shaped jewellery.

Free access Houses 06.07.2023

Switzerland, United States
Chloé seeks successor to Gabriela Hearst

Chloé has yet to confirm the departure of designer Gabriela Hearst, who has been its creative director since 2019. But the brand's parent company, Richemont, is already seeking her replacement.

Subscribers only Houses 22.06.2023

Switzerland
Former Cartier CEO Perrin still raking in hefty fees from Richemont

Since leaving Richemont in 2016, former Cartier chief Alain Dominique Perrin has continued to earn millions of Swiss francs a year from the group, officially as a marketing and development consultant.

Subscribers only Houses 08.06.2023

Spotlight | Saudi Arabia, Switzerland
The secret negotiations paving the way for Richemont's rise in Saudi Arabia

Just as major luxury brands are jostling for a foothold in the coveted Saudi market, Swiss giant Richemont has signed a major agreement in the country. The contract opens the door to the local market, as well as offering an opportunity to tap into the stream of wealthy visitors making Hajj pilgrimages to the kingdom.

Subscribers only Houses 27.04.2023

Swiss group Richemont will open a TimeVallée shop at a strategic location in Saudi Arabia.

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Cartier
Chemena Kamali
Chloé
Covid-19
Gabriela Hearst
Johann Rupert
Met Gala
Metropolitan Museum of Art
Richemont

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Switzerland
Richemont imposes budget cuts on all its brands

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Switzerland
Preparing his succession, Johann Rupert brings entire family into holding company that controls Richemont

France
Demise of Catherine Miran's PR agency spells new start for communications veteran

Switzerland
The Ruperts rejuvenate the ranks of their family office

France, Switzerland
Jean Nouvel's plans for the new Fondation Cartier

France, United States
Brands navigate uncharted legal waters in quest for confidentiality

United States
Gabriela Hearst's increasing designs on Hermès's Dumas heirs

France
Richemont and LVMH not in clover as fresh legal battles blossom

Switzerland, United States
Chloé seeks successor to Gabriela Hearst

Switzerland
Former Cartier CEO Perrin still raking in hefty fees from Richemont

Spotlight | Saudi Arabia, Switzerland
The secret negotiations paving the way for Richemont's rise in Saudi Arabia

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

About Glitz.paris

Subscription

Indigo Publications' websites

The geopolitics of fake goods

Jacquemus, season 2

Hermès heirs at odds

Switzerland Richemont imposes budget cuts on all its brands

This article may be accessed by subscribers

Do you want a free trial before subscribing?

Create your free account

create a free account

Set up email notifications for these topics

Switzerland Preparing his succession, Johann Rupert brings entire family into holding company that controls Richemont

France Demise of Catherine Miran's PR agency spells new start for communications veteran

Switzerland The Ruperts rejuvenate the ranks of their family office

France, Switzerland Jean Nouvel's plans for the new Fondation Cartier

France, United States Brands navigate uncharted legal waters in quest for confidentiality

United States Gabriela Hearst's increasing designs on Hermès's Dumas heirs

France Richemont and LVMH not in clover as fresh legal battles blossom

Switzerland, United States Chloé seeks successor to Gabriela Hearst

Switzerland Former Cartier CEO Perrin still raking in hefty fees from Richemont

Spotlight | Saudi Arabia, Switzerland The secret negotiations paving the way for Richemont's rise in Saudi Arabia

Set up email notifications for these topics

About Glitz.paris

Subscription

Glitz.paris on social media

Indigo Publications' websites

Switzerland
Richemont imposes budget cuts on all its brands

Switzerland
Preparing his succession, Johann Rupert brings entire family into holding company that controls Richemont

France
Demise of Catherine Miran's PR agency spells new start for communications veteran

Switzerland
The Ruperts rejuvenate the ranks of their family office

France, Switzerland
Jean Nouvel's plans for the new Fondation Cartier

France, United States
Brands navigate uncharted legal waters in quest for confidentiality

United States
Gabriela Hearst's increasing designs on Hermès's Dumas heirs

France
Richemont and LVMH not in clover as fresh legal battles blossom

Switzerland, United States
Chloé seeks successor to Gabriela Hearst

Switzerland
Former Cartier CEO Perrin still raking in hefty fees from Richemont

Spotlight | Saudi Arabia, Switzerland
The secret negotiations paving the way for Richemont's rise in Saudi Arabia