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Turnover for the quarter ended June 30 was up by 129% at constant exchange rates over the same period in 2020, and 22% higher than in 2019.
Norbert Platt, a veteran and CEO of Richemont Group, appointed to advise pre-owned watch specialist at a time when the industry is expected to consolidate.
Stock with multi-brand watch retail partners ended lower than a year ago, with sell-out greater than sell-in for the fourth consecutive year.
Arjen van de Vall takes the reins from co-founder Matt Bowling, who has been interim CEO for the past year.
Mr Porter and Net-A-Porter get privileged access to new watches launched this week at the Richemont-funded Watches & Wonders.
Richemont sales to the Americas rose by 3% at constant currency rate for the final quarter of 2020, dramatically outperforming Europe, which saw a...
Rather than wait to see how the covid health situation develops over the winter and see how quickly vaccines can be rolled-out on mass, Richemont-backed FHH has decided to nix the physical event, scheduled for April 7 to 13.
Richemont chairman, Johann Rupert, and François‐Henri Pinault chairman of Kering and Artemis join Farfetch and Alibaba in search for global, integrated, omnichannel, luxury retail concept.
Multibrand watch retailers under-perform direct sales by the group's watch brands through owned and operated physical stores and ecommerce.
Investment from Alibaba and Richemont would likely be part of a strategy to extend Farfetch's reach into the Chinese market.