Turnover: 19.9 billion EUR (2023)

Country: Switzerland

La Compagnie Financière Richemont is a Swiss group specializing in the luxury goods industry. The group is present in the sectors of watches, jewelry, perfumes, accessories, fashion, leather goods, writing instruments and guns. In the haute couture segment, the group owns the Azzedine Alaïa and Chloé houses.

It owns prestigious brands such as Cartier and Monblanc

News

Nicolas Bos, a Frenchman at the helm of Swiss luxury giant Richemont 28/05/2024

  • - Record sales of 20.6 billion euros.
  • - Sales growth in Asia-Pacific: +4% at actual exchange rates; +10% at constant exchange rates.
  • - Jewelry sales growth: +6% at actual exchange rates.
  • - Decline in sales in specialized watchmaking: -3% at actual exchange rates.
  • - Sales decline in other activities: -2% at actual exchange rates.

Luxury goods: in good shape, Richemont chooses a new CEO 20/05/2024

  • - Richemont sales: 20.6 billion euros, up 3% year-on-year.
  • - Richemont net profit: 2.3 billion euros
  • - Jewelry sales rose by 6% to 14.2 billion euros, representing 69% of total sales.
  • - Watch sales fell by 3% to 3.7 billion euros.
  • - Richemont acquired the Milanese brand Vhernier, its first acquisition since Buccellati in 2019.

Luxury goods: Richemont slowed by declining customer morale 13/11/2023

  • Half-year sales in Europe up 5%
  • Jewelry: 68% of sales, up 10% in the first half
  • Watchmaking: Down by 3%
  • Fashion & Accessories: 1% decline
  • Growth in the United States: 1% increase
  • Growth in Asia: up 23% at constant exchange rates

Richemont: Record year for Cartier 13/05/2023

  • Record sales in 2022 for Richemont: 19% increase to over 19.9 billion euros
  • Jewelry division (including Cartier): sales up 21% to 13.4 billion euros
  • Watch division: sales up 13%
  • Johann Rupert: founder and Chairman of Richemont, controls 50.8% of voting rights

Jewelry: Richemont CEO takes an aggressive stance towards Bluebell Capital 08/08/2022

  • Johann Rupert intends to defuse the activist campaign of the Bluebell Capital fund, which is seeking to have Francesco Trapani (ex-Bulgari) elected to the Board of Directors of Richemont, which owns Cartier and several other watchmaking houses
  • Johann Rupert holds all the power with 9.1% of the capital and 51% of the voting rights
  • Swiss giant generates half of its sales in jewelry
  • Sales of 5.2 billion euros in the quarter, driven by sales in Europe

Luxury: the United States is Richemont's leading market 15/07/2022

  • Group sales up 12% at start of year
  • Sales in China fell by 37% compared to last year, when the group was heavily impacted by the virus
  • France remains Richemont's leading market for jewelry and watch sales

Studies mentioning this company

The haute couture market - France

Other companies mentioned:

  • LVMH Groupe
  • Prada Groupe
  • Richemont Group
  • Shandong Ruyi
  • Capri Holdings
  • Chanel
  • Pierre Balmain
  • Alexis Mabille
  • Jean Paul Gaultier (Groupe Puig)
  • Alexandre Vauthier
  • Dolce & Gabbana
  • Dice Kayek
  • Kering
  • Christian Dior Couture
  • Marc Jacobs
  • Valentino
  • Yves Saint Laurent Parfums (Groupe L'Oréal)
  • Hermès International
The luxury watch market - France

Other companies mentioned:

  • Swatch Group
  • Rolex
  • Richemont Group
  • Michel Herbelin
  • Patek Philippe
  • Audemars Piguet
  • Frederique Constant Alpina
  • Dubail
  • Kronometry 1999
  • Wempe
  • Cresus
  • Collector Square
  • La Cote des Montres
  • Berenger
  • Pierre Lannier
  • Aion Group
  • Fleurus Groupe
  • Jean Rousseau Manufacture
  • LVMH Montres et Joaillerie
  • Bucherer (Rolex groupe)
  • Vacheron Constantin (Richemont Groupe)
  • Tudor (Rolex Group)
  • TAG Heuer (LVMH Groupe)
  • Seiko
  • Richard Mille
  • Rado (Swatch Group)
  • Parmigiani Fleurier
  • Panerai (Richemont Groupe)
  • Omega (Swatch Groupe)
  • Longines (Swatch Groupe)
  • Jaeger-LeCoultre (Richemont Groupe)
  • Jacob & Co
  • IWC Schaffhausen (Richemont Groupe)
  • Hublot (LVMH Groupe)
  • Girard-Perregaux
  • Breitling
  • Breguet (Swatch Groupe)
  • Blancpain (Swatch Groupe)
  • Bell & Ross
  • A. Lange & Söhne (Richemont Groupe)
  • Pequignet Horlogerie
  • SBM Lip Horlogerie
  • Utinam
  • Yema
  • SIS Maroquinerie Groupe
  • Perrin Créations Maroquinier
  • L'Epée 1839
  • Société des montres bisontines (SMB) - Lip Montres
The luxury watch market - Italy

Other companies mentioned:

  • Richemont Group
  • Swatch Group
  • Rolex
  • Patek Philippe
  • Audemars Piguet
  • Ruzza Orologi
  • Diffusione Orologi SRL
  • Chrono24
  • LVMH ITALIA S.P.A.
The market for second-hand watches - France

Other companies mentioned:

  • Richemont Group
  • Swatch Group
  • Rolex
  • Patek Philippe
  • Audemars Piguet
  • eBay
  • Back Market
  • Drouot L’Hotel
  • Interenchères