Fashion Network has learned that the French luxury conglomerate plans to launch its own e-commerce multi-brand store stocking all its luxury labels as well as other designer and accessible luxury brands.
Following Richemont's announcement that Piaget CEO Philippe Leopold-Metzger is retiring, the luxury group has revealed his successor -- Chabi Nouri, the first female to helm any Richemont watch and jewellery brand.
Richemont is replacing the heads of four of its brands, Bloomberg reported on Monday, as the luxury goods company continues a management overhaul aimed at countering weak demand for expensive watches and jewellery.
Already the most powerful company in the watch industry, partly due to being the leading supplier of mechanical parts, Swatch has reportedly inked a deal with watch empire Richemont to supply its movements after 2020.
Swiss watchmakers expect to at least stabilize sales this year after two years of decline as the important Chinese and U.S. markets show signs of turning the corner, executives said at an industry event on Tuesday.