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Press Release
Press release Zurich/Geneva, 17 April 2019 Global Powers of Luxury Goods: Swiss luxury companies are taking the digital path to accelerate growth • The sales of the world’s Top 100 luxury goods companies grew by 11% and generated aggregated revenues of USD 247 billion in fiscal year 2017 • Richemont, Swatch Group and Rolex remain in the top league of Deloitte’s Global Powers of Luxury Goods ranking • All Swiss companies in the Top 100 returned to growth in FY2017, but with only 8% increase, they lagged behind the whole market for the third time in a row • Luxury goods companies are making significant investments in digital marketing and the use of social media to engage their customers Despite the recent slowdown of economic growth in major markets including China, the Eurozone and the US, the luxury goods market looks positive. In FY2017, the world’s Top 100 luxury goods companies generated aggregated revenues of USD 247 billion, representing composite sales growth of 10.8%, according to Deloitte’s 2019 edition of Global Powers of Luxury Goods. For comparison, in FY2016 sales were USD 217 billion and annual sales growth was as low as 1.0%. Three-fourth of the companies (76%) reported growth in their luxury sales in FY2017, with nearly half of these recording double-digit year-on-year growth. Switzerland and Hong Kong prevail in the luxury watches sector Looking at product sectors, clothing and footwear dominated again in FY2017, with a total of 38 companies. The multiple luxury goods sector represented the largest sales share (30.8%), narrowly followed by jewellery and watches (29.6%). -
Press Information the Year of the Excalibur: Enter the Legend
Press Information The year of the Excalibur: Enter the legend Very few watch Manufactures are blessed with as a physical state. The Excalibur 42 Tourbillon the intense creativity of Roger Dubuis: ever Squelette is a model of elegance and lightness since it was founded in 1995 it has been totally that reveals extraordinary mechanical complexity. focused on innovation. Now its prestigious Based on the Excalibur 45 Double Tourbillon new creations for 2013 are dazzling the world Squelette, it is a masterpiece of watchmaking that of Fine Watchmaking with their mastery is also a genuine work of art. The 165 parts that of centuries-old arts, their expertise in make up the RD505SQ mechanical movement complications, their virtuosity in design and transform technical intricacy into a form of artistic the magic of their jewellery. They all draw their expression that is perfectly framed in the 42 mm inspiration from the Warrior, the legendary case. It introduces a new interpretation of the figure in a daring world of adventure that, skeleton movement at Roger Dubuis. just like the Roger Dubuis Excalibur collection, is driven by passion. The third essential element in the 2013 collection, the Excalibur 42 Chronograph, His lineage, chivalry and bravery make the Warrior combines two themes: elegance and technique. the perfect image for the noblest and most powerful Its strongly chromatic design is emphasised in a Roger Dubuis creations. Four exceptional models blue dial with white Roman numerals. But the two in the Excalibur collection reflect his masterful, symmetrical chronograph counters in the middle choreographed power in a perfect balance of the dial are a reminder that design is not the of technical expertise and artistic expression. -
The Deloitte Swiss Watch Industry Study 2020 an Accelerated Transformation the Deloitte Swiss Watch Industry Study 2020 | an Accelerated Transformation
The Deloitte Swiss Watch Industry Study 2020 An accelerated transformation The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation About the study This report is the seventh edition of the Deloitte study on the Swiss watch industry. It is based on an online survey and interviews conducted between mid-August and mid-September 2020 with 55 senior executives in the watch industry. The study is also based on an online survey of 5,800 consumers in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, the United Arab Emirates, the United Kingdom and the United States. The year 2020 marks 175 years of Deloitte making an impact that matters. Today Deloitte is a thriving global organisation, which has grown to more than 300,000 people proudly carrying forth a legacy of connection and collaboration. We’re not trusted because we’ve existed for 175 years. We’ve existed for 175 years because we’re trustworthy. That’s our legacy. That’s our future. 02 The Deloitte Swiss Watch Industry Study 2020 | An accelerated transformation Contents 1. Key findings 04 2. Industry overview 05 2.1 COVID-19: Unexpected and unprecedented 05 2.2 Quartz watches: Continuing drop in exports and sales 07 2.3 China: Key for recovery and growth 09 3. Looking ahead 11 3.1 Beyond the pandemic 11 3.2 The Far East and high-end are vital for growth 12 4. Challenges remain 13 4.1 External risks: Protests and politics 13 4.2 Smartwatches: Industry missed the boat 14 5. Business strategies 18 5.1 Digitalising for a ’consumer first’ world 18 5.2 The pre-owned market heats up 23 5.3 Sustainability: The future is green 25 6. -
United States District Court Southern District of Florida Case No. Richemont International Sa, Cartier International A.G., Montb
Case 0:16-cv-62612-BB Document 1 Entered on FLSD Docket 11/03/2016 Page 1 of 44 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CASE NO. RICHEMONT INTERNATIONAL SA, CARTIER INTERNATIONAL A.G., MONTBLANC-SIMPLO GMBH, CHLOE S.A.S., and OFFICINE PANERAI A.G., Plaintiffs, vs. THE INDIVIDUALS, PARTNERSHIPS, AND UNINCORPORATED ASSOCIATIONS IDENTIFIED ON SCHEDULE “A,” Defendants. / COMPLAINT FOR INJUNCTIVE RELIEF AND DAMAGES Plaintiffs, Richemont International SA, Cartier International A.G., Montblanc-Simplo GMBH, Chloe S.A.S., and Officine Panerai A.G. (collectively “Plaintiffs”),1 hereby sue Defendants, the Individuals, Partnerships and Unincorporated Associations identified on Schedule “A” hereto (collectively “Defendants”). Defendants are promoting, selling, offering for sale and distributing goods using counterfeits and confusingly similar imitations of Plaintiffs’ respective trademarks within this district through various fully interactive commercial Internet websites operating under their individual, partnership, and/or business association names identified on Schedule “A” hereto (the “Subject Domain Names”). In support of their claims, Plaintiffs allege as follows: 1 Plaintiffs are all subsidiaries of Compagnie Financière Richemont SA, which is one of the world’s leading luxury goods groups. Case 0:16-cv-62612-BB Document 1 Entered on FLSD Docket 11/03/2016 Page 2 of 44 JURISDICTION AND VENUE 1. This is an action for federal trademark counterfeiting and infringement, false designation of origin, cybersquatting, common law unfair competition, and common law trademark infringement pursuant to 15 U.S.C. §§ 1114, 1116, 1125(a), and 1125(d), and The All Writs Act, 28 U.S.C. § 1651(a). Accordingly, this Court has subject matter jurisdiction over this action pursuant to 15 U.S.C. -
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. -
Download Group Presentation
PUBLIC at a glance PUBLIC CONTENTS 3 THE GROUP AT A GLANCE 8 HOW WE OPERATE 12 SUSTAINABILITY 18 OUR LATEST FIGURES 23 APPENDIX PUBLIC * THE GROUP AT A GLANCE *End March 2021 **May 2021 Founded A leading luxury in 1988 goods group CHF 50 bn** € 13 bn € 1.5 bn € 3.4 bn Market capitalisation Sales Operating profit Net cash Top 8 SMI Top 3 JSE 3 PUBLIC THE GROUP AT A GLANCE * *End March 2021 25 Maisons and businesses Over 35 000 Employees (including over 8 000 in Switzerland) 7 Schools 9 Main Foundations 2 247 Boutiques supported (of which 1 190 internal) Richemont Headquarters by architect Jean Nouvel, Geneva 4 PUBLIC FROM THE PAST INTO THE FUTURE 207 188 174 153 128 115 102 69 26 19 1755 1814 1830 1833 1845 1847 1860 1868 1874 1893 1906 1919 1928 1952 1983 1995 2001 2002 2015 2021 * 266 191 176 161 147 115 93 38 20 6 *Both YOOX and NET-A-PORTER were founded in 2000 5 PUBLIC 1988 – 2020: UNIQUE PORTFOLIO MOSTLY BUILT BY ACQUISITIONS 1988 1990’s 2000’s 2010’s 2020’s 6 10 15 24 25 6 PUBLIC A WORLDWIDE PRESENCE * *End March 2021 Sales by geographical area Japan Middle East and Africa 7% 7% Americas 18% Europe 23% Operating in Europe 38 Europe locations Asia Pacific 45% 2 247 boutiques Cartier store in Cannes, France 7 PUBLIC HOW WE OPERATE PUBLIC WHAT WE STAND FOR Our corporate culture is determined by the Collegiality Freedom principles we live by They affect what we do and why we do it They shape how we behave every day — in all areas Solidarity Loyalty of our business 9 PUBLIC HOW OUR BUSINESS OPERATES We work as business partners Headquarters Our Maisons and businesses SEC Strategy, Capital Allocation are directly in charge of: Strategic Product & Guide the Maisons by verifying that decisions on Products, Communication Committee Communication and Distribution are appropriate and consistent with . -
Annual Report and Accounts 2008 Contents
Annual Report and Accounts 2008 Contents Richemont is one of the world’s leading luxury 2 Executive Chairman’s review goods groups. Johann Rupert’s review of the Group’s performance and restructuring proposals The Group’s luxury goods interests encompass several of the most prestigious names in the industry including Cartier, Van Cleef & Arpels, 5 Group Chief Executive Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill and Montblanc. Officer’s review Norbert Platt’s overview of luxury business Each of the Group’s Maisons represents a proud developments during the year tradition of style, quality and craftsmanship which Richemont is committed to preserving. The individual heritage and identity of each Maison is rigorously guarded, the designers and craftsmen being constantly challenged to keep the heritage alive through a continuous process of reinvention and innovation. In addition to its luxury goods businesses, Richemont also holds a significant investment in British American Tobacco – one of the world’s leading tobacco groups. 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. Words such as ‘may’, ‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘potential’, ‘goal’, ‘strategy’, ‘target’, ‘will’, ‘seek’ and similar expressions may identify forward-looking statements. 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 to update, nor does it have any obligation to provide updates or to revise, any forward-looking statements. -
Å›¯Æœ¬Tros Since January 2019 Updated 2020-12-28.Xlsx
Trademark(s) NBA, National Basketball Association, Major League Baseball, MLB, World Series, NHL, Stanley Cup, National Football League, NFL, Super Bowl, Collegiate Licensing Company, CLC, College Vault, Oklahoma State University, O State, Bedlam Torqbar Pearson Education, Inc., McGraw Hill LLC, Cengage Learning, Inc., and Bedford, Freeman & Worth Publishing Group, LLC Levi's Oakley design patent (D719,209) Harley-Davidson Power Floss Oakley design patent (D659,180) Canada Goose Swarovski Cartier, Montblanc, Chloe, Can Cleef & Arpels, Panerai, IWC, Piaget, Baume & Mercier, Jaeger-LeCoultre, Vacheron Constantin Supreme Tommy Hilfiger Gold's Gym Calvin Klein, Calvin Klein Jeans, CK Marc Jacobs Harley-Davidson Lululemon, Lululemon Athletica Jimmy the Bull Chrome Hearts Nike Paw Patrol Peppa Pig Burberry, Burberry London, Prorsum Patagonia Kendra Scott Design, Kendra Scott Bose Miraculous Monster Energy Rubik's Britto Angle-Izer Stan Lee, Stan Lee Presents Bulgari David Yurman, DY Ray-Ban, Oakley Bestway TRX (design patent US D669,945) Rimowa Pets Rock Potty Putter 60 Second Salad Trademark(s) Eagles, Hotel California Miffy Smurf, The Smurfs, Smurfette Key Ninja Wallet Ninja Pink Floyd Iron Maiden Iron Maiden Peppa Pig Ralph Lauren, Polo, Polo Sport, Polo Ralph Lauren Canada Goose PopSockets, PopClip, Poptivism, Popminis, Popgrip Levi's CamelBak Supreme Swarovski Bose US D879,528 (foldable reusable drinking straw) MCM Zippo NBA, MLB, World Series, NHL, Stanley Cup, NFL, Super Bowl, Collegiate Licensing Company, CLC, College Vault, Louisiana -
Press Information SIHH 2013 - the Year of the Excalibur Enter the Legend
Press Information SIHH 2013 - The year of the Excalibur Enter the legend Very few watch Manufactures are blessed with His lineage, chivalry and bravery make the the intense creativity of Roger Dubuis: ever Warrior the perfect image for the noblest and since it was founded in 1995 it has been totally most powerful Roger Dubuis creations. Two focused on innovation. Now its prestigious exceptional models in the Excalibur collection new creations for 2013 are dazzling the world reflect his masterful, choreographed power in a of Fine Watchmaking with their mastery perfect balance of technical expertise and artistic of centuries-old arts, their expertise in expression. Constantly introducing innovations to complications, their virtuosity in design and reinforce its dynamic design style is a perpetual the magic of their jewellery. They all draw their objective at Roger Dubuis. The Manufacture inspiration from the Warrior, the legendary has developed a watchmaking culture devoted figure in a daring world of adventure that, to taking on the most extravagant challenges, a just like the Roger Dubuis Excalibur mission shared by the hero of the Warrior world collection, is driven by passion. where there is no place for half-measures. The legend has inspired two Excalibur models that excite the senses and remind us that boldness is an eternal virtue. Excalibur 42 Chronograph Elegance becomes part of performance Excalibur 42 Chronographe in steel The chronograph fosters the idea that a watch Readability is the primary requirement for its can be worn as an elegant way of improving functions: its principal dial together with the achievement. With its sporting spirit and chronograph dials – 30 minutes at 3 o’clock and refined design, the Excalibur 42 Chronograph small seconds at 9 o’clock – and the applied with a blue dial is sold exclusively in the Roger Roman numerals, create a symphony in blue and Dubuis boutiques. -
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 -
Richemont Announces Strong Financial Performance for the Year Ended 31 March 2021
COMPANY ANNOUNCEMENT 21 MAY 2021 RICHEMONT ANNOUNCES STRONG FINANCIAL PERFORMANCE FOR THE YEAR ENDED 31 MARCH 2021 Financial highlights Due to closures of points of sales, logistics centres and manufacturing sites, as well as the halt in international tourism resulting from the Covid-19 pandemic, sales contracted by 25% at constant exchange rates and by 26% at actual exchange rates in the first half of the financial year As initial lockdown measures began to ease, sales grew by 17% and by 12% at constant and actual exchange rates, respectively, in the second half of the financial year compared to the same period in the prior year Fourth quarter sales growth of 36% and 30% at constant and actual exchange rates, respectively, containing the decline in full year sales to 5% at constant exchange rates and 8% at actual exchange rates Strong start into the new financial year, with accelerating trends across all business areas Strong performance led by Jewellery Maisons, online retail and Asia Pacific; discipline and agility in exceptional circumstances Triple-digit growth at Group Maisons’ online retail sales underscores the success of our Maisons’ digital transformation; overall online retail sales grew by 6% at actual exchange rates, accounting for 21% of Group sales Solid retail sales, up at constant exchange rates, notwithstanding severe disruption from recurring widespread temporary closures of points of sales Jewellery Maisons grew sales beyond pre-Covid levels and increased operating margin to 31.0%, supported by strong double-digit