Browsing: Richemont

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

At the rate foreign investors are deserting South African stocks, the country’s main index should be in decline. It’s not, thanks largely to two shares that draw their strength from Hong Kong and Zurich. The JSE’s benchmark is up 0.6%

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

Luxury goods group Richemont said on Monday that it has concluded the merger of its high-fashion online retail business Net-A-Porter with Yoox, a global Internet retailer for fashion brands, and will receive 65,6m shares in the enlarged Yoox Net-A-Porter Group. Yoox owns popular

JSE-listed Richemont has announced it will merge its high-fashion online retail business Net-A-Porter with Italy’s Yoox, a global Internet retailer for fashion brands that owns websites such as yoox.com