The Latest Breaking News from Richemont

Geneva (AFP) - Switzerland's major luxury watch brands are cautiously optimistic that Chinese tourists will boost sales this year, if they return to Europe in large numbers after the easing of domestic Covid restrictions.

Colleagues at the luxury firm where Cheryl Spragg worked refused to get in a lift with her and she was told there was a “preference for white continental Europeans" for a job she applied for

The Federal Reserve’s hawkish stance is expected to keep the markets volatile and might significantly affect the interest-rate-sensitive tech industry. Amid the uncertain market environment, hedge funds have been selling shares of Shopify (SHOP), Nu Holdings (NU), Snap (SNAP), and Farfetch (FTCH). Given these companies' weak financials and bleak growth…

Burberry and Richemont on Friday laid bare the damage to sales inflicted by China's strict lockdowns, driving their shares sharply down and renewing concerns about the outlook for the world's top luxury goods market. Signs of weakness creeping into the US market, the industry's other main growth engine, added to…

The pandemic has created a new billionaire every 30 hours, and the inequality of income distribution is increasing.

Company owns brands including Cartier, Dunhill and Montblanc

Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs. Russia is a major supplier of diamonds, gold and other precious metals to the luxury watchmakers exhibiting at Watches and Wonders, one of…

Geneva (AFP) - Diamonds shine brightly at this year's Geneva watch fair but the sanctions slapped on Russia could soon force the Swiss watch industry to produce more subdued designs.

Several big name brands including Tiffany, Pandora and Chopard announce a pause on buying raw materials of Russian origin amid war in Ukraine

Birkin bag maker Hermes and Cartier owner Richemont said on Friday they are temporarily closing Russian stores and pausing all commercial activities in the country, the first major global luxury firms to announce such a move. Doing business in Russia has become complex since Russia's invasion of Ukraine, which prompted…