South African billionaire, Johann Rupert's Richemont sells Baume & Mercier to Damiani after 37 Years
Richemont is offloading Baume & Mercier to Italy's Damiani Group, a deal that lays bare the growing pressures on mid-tier Swiss watchmaking.
Richemont
Richemont, LVMH and luxury giants take hit as U.S.-Israel strikes on Iran rattle markets and shut Gulf stores
Luxury stocks from Richemont to LVMH tumbled Monday after U.S.-Israel strikes on Iran shut stores and triggered a sell-off across global markets.
South African billionaire Johann Rupert’s Richemont set to sell Jaeger LeCoultre
South African billionaire Johann Rupert’s Richemont is advancing plans to sell Jaeger LeCoultre in a billion-franc management buyout.
South Africa's richest man might be looking to sell luxury watchmaker Jaeger LeCoultre
Sale talk is swirling around Jaeger LeCoultre, and Rupert controlled Richemont is under pressure to prove its watch strategy after a brand disposal.
South African billionaire Johann Rupert’s Richement sells Baume & Mercier
South African billionaire Johann Rupert’s Richemont sells Baume & Mercier to Italy’s Damiani Group as luxury portfolios shift.
South African billionaire Johann Rupert’s Richemont posts $20 billion in nine-month revenue
Richemont reports $20 billion in nine-month sales, driven by jewelry growth and strong retail performance worldwide.
Johann Rupert’s Richemont posts record UK sales as profits jump
Richemont UK sales hit a record 277 million pounds as profits surged, offering a glimpse into Johann Rupert’s luxury strategy.
SA billionaire Johann Rupert’s Richemont posts $12.3 billion half-year sales
Richemont, controlled by South Africa’s Johann Rupert, posted $12.3 billion in half-year sales as strong jewelry demand and solid retail gains lifted results.
South African billionaire Johann Rupert loses $800 million as Richemont faces EU fine, market slump
South African billionaire Johann Rupert’s fortune drops by $800 million as Richemont faces an EU antitrust fine and cooling luxury demand.
Richemont rally boosts South Africa’s richest man by $4.6 billion
Johann Rupert gains $4.6 billion this year as Richemont’s rally lifts his net worth to $18.3 billion, the highest gain among African billionaires.
South Africa’s richest man under fire after $21 million fine to Richemont-owned Chloé
Richemont, faces scrutiny after the EU fined its Chloé brand €20M for antitrust violations, casting fresh light on his governance of the Swiss group.
South Africa’s richest Johann Rupert gains $1.2 billion in September
Johann Rupert’s wealth jumped $1.2 billion in September, lifting his net worth to $17.3 billion on Richemont gains.
South African billionaire Johann Rupert’s Richemont watch brand sets up first U.S. boutique
The store marks Watchfinder’s first permanent boutique in the American market, offering customers an opportunity to experience its inventory in person.
South Africa’s richest Johann Rupert rebounds to $16.1 billion after Richemont surge
South Africa’s richest man Johann Rupert regains $1.2 billion in two weeks, lifting his fortune to $16.1 billion on Richemont gains.
South African billionaire Johann Rupert’s Richemont brings Panerai’s first boutique to Stuttgart
Richemont, led by Johann Rupert, opens Panerai’s first Stuttgart boutique, expanding in Europe as Specialist Watchmakers find stability amid global headwinds.
South African billionaire Johann Rupert’s Richemont to open new Hong Kong store
South African billionaire Johann Rupert’s Richemont brings Vhernier to Asia with a new Hong Kong boutique.