Richemont to divest YNAP to Mytheresa for $609.7 million
This strategic move follows Richemont’s efforts to enhance YNAP's profitability in the fiercely competitive online luxury retail market.
Richemont
South African billionaire Johann Rupert’s Richemont seals acquisition of Italian jewelry brand
The move expands Richemont’s “Jewellery Maisons” division, which includes brands like Cartier and Van Cleef & Arpels.
Richemont, led by Africa's richest man Johann Rupert, urges luxury watchmakers to cut production
Richemont Chairman Johann Rupert urges luxury watchmakers to cut production as global demand cools, warning that oversupply could harm brand value amidst market shifts.
Johann Rupert loses $300 million as Richemont shares slide
The recent $300 million decline in Johann Rupert’s wealth is tied to the performance of his 10.18 percent stake in Richemont.
South Africa’s richest man Johann Rupert’s Richemont sales hit $22.4 billion
Richemont’s impressive sales results ignited a surge in its share price, jumping 5.9 percent from CHF137.25 ($150.913) on May 16 to CHF145.35 ($159.815) at the time of writing.
South Africa’s richest man Johann Rupert’s Richemont acquires Italian jeweler
The transaction aligns with Richemont’s growth strategy under Rupert’s leadership and deepens the group’s jewelry holdings.
South Africa’s richest man Johann Rupert’s wealth jumps $500 million in 6 days
The surge in Rupert’s wealth, an average gain of $83.3 million per day since May 2, is attributed to the performance of his 9.14-percent stake in Richemont.
South Africa’s richest man loses $1.1 billion in just 15 days
The $1.1-billion plunge in Rupert’s fortune — averaging a daily loss of $73.33 million since March 14 — is directly linked to the market value of his 9.14-percent stake in Richemont.
South Africa’s richest man Johann Rupert sees $1.05-billion surge in net worth
The recent increase in Rupert’s fortune is linked to the performance of his 9.14-percent stake in Richemont.