Richemont jobs
Richemont acquires Belgian luxury goods house Delvaux
Switzerland-based luxury giant Richemont has acquired a 100 percent stake of Delvaux, the renowned Belgian luxury leather goods company, in a private transaction. Commenting on the acquisition, Philippe Fortunato, CEO of fashion and accessories maisons at Richemont, said: “Delvaux’s rich archives and creative momentum over the last 10 years...
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Alber Elbaz dies from Covid-19
Alber Elbaz, the designer best known for his feminine, whimsical collections at Lanvin, has suddenly died at the age of 59. Industry sources say Elbaz was ill with Covid-19 for three weeks. Elbaz had only recently launched AZ Factory, backed by Swiss-based luxury group Richemont. “We are devastated – Alber passed away from Covid after being in...
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LVMH, Prada and Cartier join forces to form blockchain consortium
Fashion conglomerate LVMH is joining forces with the Prada Group and Cartier, part of Richemont, to form the Aura Blockchain Consortium to address the “shared challenges” of communicating authenticity, responsible sourcing and sustainability in a secure digital format. The move marks the first global blockchain consortium dedicated to the luxury...
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Net-a-Porter launches localised site for Middle East
Leading luxury pureplayer Net-a-Porter has launched a localised site and app for the Middle Eastern market. The dual-language site will be available in both Arabic and English and will encompass local editorial content and product curation. Customers can shop curated edits in local currencies, as well as consult specialised personal shopping....
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Maison Alaïa appoints Pieter Mulier as Creative Director
Paris-based fashion house Alaïa has appointed Belgian designer Pieter Mulier as its new creative director. A significant appointment, it is the brand’s first creative head since the passing of founder Azzedine Alaïa in November 2017. The Richemont-owned Maison made the announcement on Friday, with Mulier’s first collection to debut for Spring...
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Alber Elbaz returns to fashion with AZ Factory
Alber Elbaz marked his return to fashion with his start-up AZ Factory with a personality-filled digital presentation during Paris Haute Couture Week. Offering what he calls a “digital entertainment take on luxury,” Elbaz used his presentation to share not only his fashion creations but also the ethos of the company, “smart fashion that cares”. “...
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Growth in Asia drives 5 percent sales increase at Richemont
For the third quarter to December 31, 2020, sales at Compagnie Financière Richemont SA increased by 1 percent at actual exchange rates and by 5 percent at constant exchange rates to 4,186 million euros compared to the prior year period. In the nine-month period, the company recorded sales decrease of 16 percent at actual exchange rates and by 14...
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Alber Elbaz’s AZ Factory partners with Farfetch and Net-a-Porter
Alber Elbaz is making his long-awaited return to fashion as an invited guest member of the Fédération de la Haute Couture et de la Mode with his joint venture with Richemont, AZ Factory. In a statement, AZ Factory said it will present its first product stories as part of Paris Haute Couture Week on January 26 at 8pm CET, which will then go to...
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Farfetch announces major tie-up with Alibaba and Richemont
Chinese e-tailer Alibaba and Swiss luxury group Richemont, two titans of the fashion industry, have invested 1.1 billion dollars in London-based fashion marketplace Farfetch as it looks to expand its presence in China. The tie-up will see Alibaba launch Farfetch luxury shopping channels on its Tmall Luxury Pavilion and Luxury Soho. Alibaba and...
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Alber Elbaz appoints CEO to new Richemont-owned venture
Paris-based designer Alber Elbaz has appointed Laurent Malecaze as the Chief Executive Officer of his new startup AZfashion. The company was formed in partnershp with luxury group Richemont at the end of 2019 and is yet to unveil its first womenswear collection. WWD confirmed the appointment: “Currently CEO of luxury retailer The Webster in New...
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Yoox Net-a-Porter to enhance Montblanc’s online shopping
Montblanc has announced that Yoox Net-a-Porter will operate its e-commerce platform starting from this month as it looks to take its digital capability to the “next level”. The move for Montblanc to choose Yoox Net-a-Porter to enhance its online shopping experience further strengthens ties with Compagnie Financière Richemont SA, the parent...
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Net-a-Porter: The company that revolutionised luxury fashion turns 20
It’s hard to imagine twenty years ago marked the dawn of luxury e-commerce. Before the launch of Net-a-Porter in 2000 there was brick-and-mortar, multi brand retailers, department stores and brand-operated websites. There was no online destination that sold an exceptionally curated mix of high-end fashion until Net-a-Porter transformed the...
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