News about Johann Rupert
Richemont's owner Richemont profits from the wealthy splashing out on luxury
www.dailymail.co.uk,
May 12, 2023
Cartier, Montblanc, Alfred Dunhill, and Buccellati, among the Swiss company's annual revenues, reached an all-time record of more than £17 billion, despite profits falling to an all-time high of around £4.5 billion. Customers purchased expensive watches and pieces of jewelry, such as Van Cleef & Arpels' £7,800 butterfly pedant necklaces, which boosted sales. After Covid lockdown controls were eased, Richemont saw a strong rebound in China.