Richemont has struck a deal to offload its troubled online business, Yoox Net-A-Porter, to Mytheresa.
Browsing: Johann Rupert
Richemont is finally exiting Yoox Net-a-Porter, but the price of ridding itself of the loss-making online luxury business is a hefty one.
Government will consider a proposal for a once-off wealth tax during an economic recovery planning meeting on Monday, according to a report on Sunday.
Johann Rupert, the billionaire who controls luxury goods giant Richemont, is considering selling stakes in two South African fibre networks valued at as much as R22-billion, people with knowledge of the matter said.
When Nasa wanted to phone home from outer space, a company it chose to help make the call was Snapt, a start-up from Johannesburg backed by billionaires Johann Rupert and Nicky Oppenheimer.
Richemont’s decision to plough €2.7bn into e-commerce by buying out Yoox Net-a-Porter is a wake-up call to sceptics who thought consumers would never buy US$5 000 Cartier necklaces and $50 000 Vacheron
South Africa’s richest man, Johann Rupert, said on Wednesday that “radical economic transformation”, the policy championed by the President Jacob Zuma to reduce racial inequality, is no more
Johann Rupert, the billionaire who controls Cartier owner Richemont, envisions a future in which humans are displaced by robots in the workplace and have all the time in the world to travel. He’s betting the company’s money on it
Remgro is in talks to sell broadband provider Dark Fibre Africa to Internet Solutions (IS), according to three people familiar with the matter. Remgro, which owns 51,9% of the business, and investment partner
MMI Holdings, the JSE-listed parent of Momentum and Metropolitan, has committed hundreds of millions of rand to investing in and nurturing the next-wave of health and financial technology