Richemont saw revenue from Buccellati, Cartier, Van Cleef & Arpels and its other jewelry brands climb 12 per cent to $4.3bn (at constant exchange rates) during the last three months of 2023. Specialist watchmakers sales rose by 3 per cent, reflecting a retail outperformance, notably at A. Lange & Sohne, IWC, Jaeger-LeCoultre and Vacheron Constantin. […]

The post Jewelry Drives Richemont’s $6.1bn Revenue in Q3 appeared first on The Jewelry Magazine.

Richemont has acquired 100% of Buccellati Holding Italia S.p.A., the owner of renowned Italian jewellery house, Buccellati. The acquisition happened in a private transaction with Gangtai Group Corporation Limited, a privately held conglomerate, which captures the growth in the consumer, culture, finance, and health industries. Richemont chairman, Johann Rupert, shares: “Distinguished by strong heritage, craftsmanship […]

The post Richemont acquires renowned Italian jewellery house appeared first on The Jewelry Magazine.

Richemont chairman Johann Rupert has described 2018 as a year of transition and consolidation as the group’s audited accounts for the year ending March 31, 2019, were published. Completing the acquisition of Yoox Net-A-Porter (YNAP) and pre-owned luxury watch specialist Watchfinder boosted sales, which rose by 27% to €14 billion (£12bn). Stripping out the turnover […]

The post Cartier and Van Cleef & Arpels drive sales growth for Richemont appeared first on The Jewelry Magazine.