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Richemont reports sales slowdown in Asia-Pacific region Monday, 21st January 2013
Richemont has reported stagnant sales growth in the Asia-Pacific region, sparking fears about the future of an area that has become an essential market for luxury retailers.
Richemont opens Shanghai retail academy Monday, 2nd April 2012
Swiss-based Richemont group last week opened the doors to a brand new Retail Academy in Shanghai, as it looks to train students as luxury retail assistants for its stores across China. The Cartier, Chloé and Net-a-Porter owner will now set out to train students in a number of professional skills and sales techniques taught by luxury industry experts and guest lecturers.
Jimmy Choo signs for Victoria HQ Wednesday, 25th January 2012
Jimmy Choo will join a rat-pack of luxury brands in Victoria after signing a new lease with Land Securities. The premium shoemaker will take 37,000 sq ft at Land Secs’ 123 Victoria Street, after it moves its head quarters from Kensington. The company will count Tom Ford, Burberry, LVMH and Richemont as neighbours in the increasingly sought-after location.
Christmas 2011 Trading Updates Thursday, 5th January 2012
There’s no need to go hunting for all those crucial figures over the first few weeks of January: we’ll be collating all My-Retail Media coverage on the Christmas Trading Updates right here. Check back daily to see who’s released figures, or add @myretailmedia, where we’ll be tweeting the latest updates to hit our blog.
Richemont to open €70m Paris flagship Monday, 5th December 2011
Richemont is planning to open a 2250m² multi-brand watch store in central Paris, which is set to become the largest retail space of its kind in the world. The luxury goods group will spend EUR 70 million turning the iconic ‘Old England’ store in La Madeleine into a flagship for the brand. Reports in French press La Tribune said Richemont is willing to pay up to EUR 15 million for the current tenant to vacate the premises.