Sales woes in China for Richemont

Third quarter financial reporting from Swiss luxury goods group Richemont has been headlined by poor sales performance in Asia. Sales increased by 8 per cent in total to reach…

0 Comments

LVMH buys Italian jewelry manufacturer

French luxury conglomerate Louis Vuitton Moët Hennessy (LVMH) has purchased the Pedemonte Group, an Italian jewelry manufacturer. Pedemonte is currently under the control of Luxembourg-based private-equity firm Equinox.Headquartered in…

0 Comments