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Johann Rupert's Richemont posted €22.4 billion ($26 billion) in fiscal 2026 sales, up 11% at constant rates, with Cartier and Van Cleef & Arpels leading 14% jewelry growth as net profit surged 27% to €3.5 billion ($4.1 billion).
Nathan Kirsh is selling Jetro Restaurant Depot to Sysco at a $29.1 billion valuation, a deal that adds at least $10 billion to the 94-year-old South African billionaire's fortune.
Richemont shares are under pressure as China's luxury spending slump rattles Johann Rupert's Swiss-listed holding company behind Cartier.
South African billionaire Johann Rupert’s Richemont is advancing plans to sell Jaeger LeCoultre in a billion-franc management buyout.
Rupert’s Remgro to unbundle eMedia Holdings shares in a move aimed at streamlining media holdings and boosting shareholder value through direct exposure.