Annual Report and Accounts 2016
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Luxury Daily Is Published Each Business Day
The News and Intelligence You Need on Luxury APPAREL AND ACCESSORIES Lancel embarks on multi-city tour to mark 140th anniversary September 8, 2016 Promotional image for Lancel Escapade By SARAH JONES Richemont-owned leather goods label Lancel is hitting the road for a playful exploration of its 140-year history. To mark the milestone, Lancel has fashioned a tour bus into a rolling museum complete with interactive displays that tell the story of its innovations and creativity. The Lancel Escapade is touring France and Belgium, stopping off at key cities into November, giving consumers an opportunity to learn more about the brand in a memorable format. "By choosing the most emblematic cities in France & Belgium to promote its anniversary, Lancel decided to embrace the power of customers' seduction, referring to its french roots and unique brand values," said Anna Szubrycht, founder and president of Chic Being, a Santa Monica, CA-based luxury brand consultancy. "As a brand with 140 years old patrimony, it did not loose any piece of its funny side, mobility and easiness to adapt to the needs of its customers," she said. "Even the name Escapade associates with something elusive and highly desired - here and now. "This sensation of surprise, joy and brand discovery in the own branded space, such as a specially designed, red bus is a very important element of building the luxury image and unique customer experience." Ms. Szubrycht is not affiliated with Lancel, but agreed to comment as an industry expert. Lancel was unable to comment directly before press deadline. Moveable museum Lancel began as a pipe manufacturer in 1876. -
Annual Report and Accounts 2013 25 Years
Richemont Annual Annual Report and Accounts 2013 Report and 25 years Accounts 2013 WorldReginfo - 3a56fe0c-e3fd-4768-ac4f-cd638d19fa7e RIC01_010 | Richemont Annual Report 2013 | Sign-off proof 3 | 29/05/2013 Richemont is one of the world’s leading luxury goods groups. The Group’s luxury goods interests encompass some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill, Montblanc and Net-a-Porter. Each of Our Maisons™ represents a proud tradition of style, quality and craftsmanship which Richemont is committed to preserving. 1 Financial and operating highlights 32 Regional & Central Support 34 Financial review 2 Chairman’s review A detailed commentary on the Group’s financial performance 4 Richemont’s 25th anniversary 40 Corporate responsibility 7 Business review 7 Jewellery Maisons 41 Peace Parks Foundation 8 Cartier 10 Van Cleef & Arpels 42 Laureus 11 Specialist Watchmakers 43 Corporate governance 12 A. Lange & Söhne 47 Board of Directors 13 Baume & Mercier 54 Group Management Committee 14 IWC Schaffhausen 15 Jaeger-LeCoultre 61 Consolidated financial statements 16 Officine Panerai 17 Piaget 120 Company financial statements 18 Ralph Lauren Watch and Jewelry 19 Roger Dubuis 125 Five year record 20 Vacheron Constantin 21 Montblanc Maison 127 Statutory information 22 Montblanc 128 Notice of meeting 23 Other Businesses 24 Alfred Dunhill 25 Azzedine Alaïa 26 Chloé 27 Lancel 28 Net-a-Porter 29 Peter Millar 30 Purdey 31 Shanghai Tang Cautionary statement regarding forward-looking statements This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. -
Joining RJC Will Build Your Business in Major International Markets
Joining RJC Will Build Your Business in Major International Markets Hong Kong International Jewellery Show 7 March 2014 Agenda Welcome by · Benedict Sin, HKJJMA Chairman Opening by · James Courage, RJC Chairman and PGI Chief Executive Officer Speakers · Catherine Sproule, RJC Chief Executive Officer, Interim · Charles Chaussepied, Piaget Director of Corporate Affairs, Richemont CSR Committee member, Chair, RJC Accreditation/Training Committee · David Bouffard, Signet Jewelers Ltd. VP, Corporate Affairs, Co-Chair, RJC Standards Committee · Q&A Session Cocktail reception hosted by RJC www.responsiblejewellery.com Mission, vision values – re-launched in 2013 RJC Vision Our vision is a responsible world-wide supply chain that promotes trust in the global fine jewellery and watch industry. RJC Mission We strive to be the recognized standards and certification organization for supply chain integrity and sustainability in the global fine jewellery and watch industry. RJC Values We are respectful and fair. We practice honesty, integrity and accountability. We engage in open collaboration . www.responsiblejewellery.com … and growing Membership: • 460+ Members • US$40+ billion in annual relevant sales Accredited Auditor firms: • 12 firms • 6 firms with audit scope in Hong Kong and China Certification: • 327+ Certified Members – growing daily www.responsiblejewellery.com From mine to retail • Mine to retail initiative for the jewellery supply chain, covering diamonds, gold and platinum group metals • Averaging 20% pa growth in total Membership over -
View Annual Report
R CONTENTS ICHEMONT 1 Financial Highlights 2 Group Structure 3 Chairman’s Statement 4 Directors and Company Information 6 Chief Executive’s Review • 9 Brand Review 33 Financial Review A Quality is never NNUAL 49 Consolidated Financial Statements “ 73 Company Financial Statements 83 Principal Group Companies 84 Five Year Record R 88 Notice of Meeting EPORT AND an accident, it is “Quality is never an accident, it is A always the result of intelligent effort.” CCOUNTS always the result of John Ruskin (1819–1900) 2000 intelligent effort.” ISBN 3-9522050-0-1 Internet: www.richemont.com Annual Report and Accounts 2000 R CONTENTS ICHEMONT 1 Financial Highlights 2 Group Structure 3 Chairman’s Statement 4 Directors and Company Information 6 Chief Executive’s Review • 9 Brand Review 33 Financial Review A Quality is never NNUAL 49 Consolidated Financial Statements “ 73 Company Financial Statements 83 Principal Group Companies 84 Five Year Record R 88 Notice of Meeting EPORT AND an accident, it is “Quality is never an accident, it is A always the result of intelligent effort.” CCOUNTS always the result of John Ruskin (1819–1900) 2000 intelligent effort.” ISBN 3-9522050-0-1 Internet: www.richemont.com Annual Report and Accounts 2000 19894 Rmt R&A ’00 01-08 17/7/00 1:13 pm Page 1 1 Richemont is a Swiss luxury goods group managed with a view to the long-term development of successful international brands. In addition to its luxury goods businesses, Richemont also holds strategic investments in the tobacco industry and in direct retailing. All amounts -
Luxury China: Market Opportunities and Potential
ffirs.indd ii 5/24/10 8:56:40 PM luxury china market opportunities and potential ffirs.indd i 5/24/10 8:56:38 PM ffirs.indd ii 5/24/10 8:56:40 PM luxury china market opportunities and potential michel chevalier and pierre lu Foreword by Sidney Toledano President & CEO, Christian Dior Couture JOHN WILEY & SONS (ASIA) PTE. LTD. ffirs.indd iii 5/24/10 8:56:40 PM Copyright © 2010 John Wiley & Sons (Asia) Pte. Ltd. Published in 2010 by John Wiley & Sons (Asia) Pte. Ltd. 2 Clementi Loop, #02-01, Singapore 129809 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning or otherwise, except as expressly permitted by law, without either the prior written permission of the Publisher, or authorization through payment of the appropriate photocopy fee to the Copyright Clearance Center. Requests for permission should be addressed to the Publisher, John Wiley & Sons (Asia) Pte. Ltd., 2 Clementi Loop, #02-01, Singapore 129809, tel: 65-64632400, fax: 65-64646912, e-mail: [email protected]. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the Publisher is not engaged in rendering professional services. If professional advice or other expert assistance is required, the services of a competent professional person should be sought. The photographs in this book are sourced by Pierre Lu and Michel Chevalier and reproduced with permission. -
Interim Results Presentation
Interim Results FY09 September 08 1 This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the Group’s control. Richemont does not undertake nor does it have any obligation to provide updates or to revise any forward- looking statements. Introduction Alan Grieve Results Richard Lepeu Maisons Sophie Cagnard Conclusion Richard Lepeu Financial Highlights Strong sales - driven by the + 10% / + 16% cc “high-end”, Asia-Pacific & Europe to € 2.8bn EBIT increase + 14% in € / + 36% cc Underlying operating margin + 80bps to 22.8% Higher net profit - parent & subsidiaries + 11% to € 543m Lower operating cash flow -16% to € 224m A Mixed Environment Swiss watch exports in value (Apr - Sept 08) with export prices: - Over CHF 6’000 + 26% pa (+31% mechanical/+6% quartz) - CHF 3’000 to 6’000 + 29% pa (+35% mechanical /-8% quartz) - CHF 1’500 to 3’000 - 11% pa (-11% mechanical /-10% quartz) - Overall growth + 14% pa Unfavourable currencies Rising precious material prices Group Results € m Sep 07 Sep 08 Sales 2 548 2 800 + 10 % Gross margin 1 655 1 790 + 8 % Selling and distribution expenses - 565 - 602 + 7 % Communication expenses - 282 - 290 + 3 % Administration expenses - 255 - 264 + 4 % Other income / (expenses) 7 5 Underlying operating -
Danziger Korean Oct302020.Pdf
Danziger, Danziger & Muro, LLP 댄지거, 댄지거 & 무로 법률사무소 로펌소개 댄지거 로펌은 전문적인 법률자문을 필요로 하는 고객들의 요구에 부응하기 위해 1989년 뉴 욕에서 설립되어 현재까지 최상의 법률서비스를 제공하고 있습니다. 댄지거 로펌의 주요 전문 영역은 일반 기업법과 미술법, 부동산법, 지적재산권법 그리고 고 용법입니다. 댄지거 로펌은 미국 기업뿐만 아니라 유럽의 세계적인 명품 브랜드, 아시아 기업, 국제적인 미술관련 회원들과 유명 아티스트들에게 풍부한 지식과 경험을 바탕으로 법률서비스를 제공 하고 있습니다. 댄지거 로펌 파트너 Charles T. Danziger Thomas C. Danziger Bradley J. Muro 소속 변호사들 Karen Hirshfield Danielle Gaier Yuh-kyoung (Kate) Rhie 댄지거 로펌 주요고객 Van Cleef & Arpels / 반클리프 & 아펠스, Cartier / 까르띠에, Piaget / 피아제, Montblanc / 몽블랑, Jaeger-LeCoultre / 예거 르 코쳐, Vancheron Constantin / 베쳐론 콘스탄틱, Shanghai Tang / 상하이 탱, Dunhill / 던힐 , Chopard / 쵸파드, Sooja Kim / 아티스트 김수자, Maya Lin / 아티스트 마야 린, Mariko Mori / 아티스트 마리코 모리, Fuji Television Network / 후지 방송사, Taisei Corporation / 다이세이 건설사, Issey Miyake / 패션 디자이너 이세이 미야케, Ito En / 이토 엔, Restaurant Daniel / 레스토랑 다니엘과 가맹점들, BLT Restaurant Group / BLT 레스토랑 그룹과 가맹점들, Roasting Plant / 로스팅 플랜트 , Midori Goto / 바이올리니스트 미도리 고토, Hidetoshi Nakata / 축구선수 히데토시 나카타 , Nagoya/Boston Museum of Fine Arts / 나고야 보스턴 미술관, 이사무 노구치, 히로시 수기모토, 마리코 모리 그리고 그 외 개인 콜렉터, 갤러리, 개인 미술품 딜러 및 비영리 기관 등. 변호사 소개 Charles T. Danziger 찰스 T. 댄지거 찰스 T. 댄지거는 Yale University에서 미술사를 전공 후 New York University 로스쿨을 졸업하 였다. 재학 중에는 Journal of International Law and Politics에서 에디터로 활동하였고 졸업 후 에 는 뉴욕의 로펌 Milbank, Tweed, Hadley & McCloy의 기업 뱅킹 부서에서 근무하였다. 그 후 일 본 최고의 로펌 중 하나인 Nagashima & Ohno in Tokyo와 뉴욕 현대 미술 박물관(The Museum of Modern Art)에서 법무자원의원을 역임하였다. -
Annual Report and Accounts 2010
Richemont Annual Report and Accounts 2010 Annual Report and Accounts 2010 www.richemont.com Richemont is one of the world’s leading luxury goods groups. The Group’s luxury goods interests encompass several of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill and Montblanc. Each of the Group’s Maisons® represents a proud tradition of style, quality and craftsmanship which Richemont is committed to preserving. 2 Executive Chairman and 20 Other Businesses Chief Executive Officer’s review 21 Alfred Dunhill Johann Rupert’s review of the year 22 Chloé 23 Lancel 4 Business review 24 Shanghai Tang 4 Jewellery Maisons 25 Azzedine Alaïa 5 Cartier 26 Purdey 7 Van Cleef & Arpels 27 Financial review 8 Specialist Watchmakers A detailed commentary on the Group’s 9IWC financial performance 10 Jaeger-LeCoultre 35 Corporate responsibility 11 Piaget 12 Vacheron Constantin 36 Peace Parks Foundation 13 Officine Panerai 14 Baume & Mercier 38 Corporate governance 15 A. Lange & Söhne 42 Board of directors 16 Roger Dubuis 46 Group Management Committee 17 Ralph Lauren Watches 18 Writing Instrument Maison 53 Consolidated financial statements 19 Montblanc 108 Company financial statements 113 Five year record 115 Statutory information Designed and produced by Likemind www.likemind.com 116 Notice of meeting Printed in South Africa by Shumani Printers (Pty) Ltd. The cover stock of this report is Trucard Recycled Matt, made from 50% virgin fibre (100% ECF) and 50% recycled pulp from de-inked postconsumer waste and is FSC certified. The text paper in this report is Sappi Triple Green Silk. -
PARIS Cushman & Wakefield Global Cities Retail Guide
PARIS Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | Paris | 2019 0 Regarded as the fashion capital of the world, Paris is the retail, administrative and economic capital of France, accounting for near 20% of the French population and 30% of national GDP. Paris is one of the top global cities for tourists, offering many cultural pursuits for visitors. One of Paris’s main growth factors is new luxury hotel openings or re-openings and visitors from new developing countries, which are fuelling the luxury sector. This is shown by certain significant openings and department stores moving up-market. Other recent movements have accentuated the shift upmarket of areas in the Right Bank around Rue Saint-Honoré (40% of openings in 2018), rue du Faubourg Saint-Honoré, and Place Vendôme after the reopening of Louis Vuitton’s flagship in 2017. The Golden Triangle is back on the luxury market with some recent and upcoming openings on the Champs-Elysées and Avenue Montaigne. The accessible-luxury market segment is reaching maturity, and the largest French proponents have expanded abroad to find new growth markets. Other retailers such as Claudie Pierlot and The Kooples have grown opportunistically by consolidating their positions in Paris. Sustained demand from international retailers also reflects the current size of leading mass-market retailers including Primark, Uniqlo, Zara brands or H&M. In the food and beverage sector, a few high-end specialised retailers have enlivened markets in Paris, since Lafayette Gourmet has reopened on boulevard Haussmann, La Grande Épicerie in rue de Passy replacing Franck & Fils department store, and more recently the new concept Eataly in Le Marais. -
Iq Domestic Managed Portfolio SEGREGATED MANAGED SHARE PORTFOLIO March 2016
iQ Domestic Managed Portfolio SEGREGATED MANAGED SHARE PORTFOLIO March 2016 iQ Domestic Managed SP Contents Page Our Commitment 3 How we invest 4 iQ Domestic Managed Share Portfolio 5 Portfolio Holdings 5 Sectors 6 Risk Metrics 7 Performance 8 Company Descriptions 9 Fees and reporting 11 Summary 12 iQ Domestic Managed Share Portfolio | March 2016 | 02 iQ Domestic Managed SP OUR COMMITTMENT To provide clients with market leading investment solutions seeking to maximise risk-adjusted returns To consistently apply and stay true to our investment philosophy and process To act in the best interest of clients at all times To minimise costs wherever possible To be transparent in all dealings To provide clients with the highest standards of service To play a meaningful role in enhancing the financial well-being of clients “A goal without a plan is just a wish.” Antoine de Saint-Exupery iQ Domestic Managed Share Portfolio | March 2016 | 03 iQ Domestic Managed SP ABOUT US StrategiQ Capital (Pty) Ltd is an independent investment boutique, managing investment portfolios for private investors, trusts and institutions. StrategiQ is an approved discretionary investment manager (i.e. a Category II Financial Services Provider, FSP Licence No 46624) that is independently managed and focussed on providing investors with consistent real returns whilst preserving capital over the long term. We believe our mandate is not limited to investment performance alone but also in playing an active role in assisting our clients in developing an overarching wealth management strategy. This will only be achieved by building meaningful relationships with our clients, facilitating a seamless transfer of assets from generation to generation and ensuring an uninterrupted continuity of your family’s legacy and business interests. -
The Co-Creation and Circulation of Brands and Cultures
The Co-creation and Circulation of Brands and Cultures: Historical Chinese Culture, Global Fashion Systems, and the Development of Chinese Global Brands Submitted by Zhiyan, Wu to the University of Exeter as a thesis for the degree of Doctor of Philosophy in Management Studies in October 2010 This thesis is available for Library use on the understanding that it is copyright material and that no quotation from the thesis may be published without proper acknowledgement. I certify that all material in this thesis which is not my own work has been identified and that no material has previously been submitted and approved for the award of a degree by this or any other University. Signature: 吴志艳 1 Abstract This dissertation is a study of the possibilities and processes of constructing strong Chinese brands in the global marketplace. It investigates conceptual and strategic relationships between brands and cultures, focusing specifically on the issue of the unprivileged position of Chinese brands vis-à-vis that of other famous global counterparts. Accordingly, it deploys three illustrative cases from the Chinese context – Jay Chou (a successful Chinese music artist), the 2008 Beijing Olympics opening ceremony, and Shanghai Tang (a global Chinese fashion brand). In so doing, it moves away from the general trend to study the managerial aspects of Western brand building in Chinese contexts, and instead examines how Chinese brands express cultural aspects of their own well-known brand development models in the global marketplace. In short, this study uses a Chinese vantage to examine the emergence of cultural branding (using historical culture and global fashion systems to develop global brands), and its capacity to function as a useful complement to existing models of brand globalisation and global brand culture. -
Richemont Is a Swiss-Based Tobacco and Luxury Goods Group
Richemont is a Swiss-based tobacco and luxury goods group. It is managed with a view to the profitable long-term development of successful international brands. It is the ultimate parent of a family of some of the world’s leading consumer brands. Richemont’s tobacco interests are held through Rothmans International, the world’s fourth largest multinational tobacco company. Its international brands include Rothmans, Peter Stuyvesant, Dunhill and Winfield. In addition, Rothmans International markets a range of regional and local brands around the world. Richemont’s luxury goods brands are held through Vendôme Luxury Group. Vendôme owns a portfolio of leading international brands including Cartier, Alfred Dunhill, Montblanc and Lancel as well as the prestigious Swiss watch manufacturers Vacheron Constantin, Piaget and Baume & Mercier. In addition to its tobacco and luxury goods businesses, Richemont holds investments in the pay television and direct marketing industries. 1 CONTENTS Financial Highlights 3 Group Operations 4 Chairman’s Statement 5 Directors and Company Information 6 Chief Executive’s Review 8 Review of the Year – Tobacco Products 10 – Luxury Goods 16 – Pay Television 22 – Direct Retailing 23 Financial Review 24 Consolidated Financial Statements 37 Company Financial Statements – Compagnie Financière Richemont AG 59 – Richemont SA 65 Principal Group Companies 72 Five Year Record 74 Notice of Meeting 77 This report is also available in French and German language versions. 2 FINANCIAL HIGHLIGHTS 1998 1997 £ £ Net sales revenue