Updated Nov. 10 3:05 p.m.
LONDON — Luxury leaders may shudder after they hear words like “normalization” or “moderation,” especially in reference to consumers’ appetite for expensive things.
Johann Rupert, founder and chairman of Richemont, isn’t considered one of those leaders.
As a substitute, he’s taking luxury’s slowdown in his stride and hoping to make use of it as a chance to realize market share, construct even greater value into the brands, and be sure that Compagnie Financière Richemont continues as a lean and cash-generative operation.
“I’ve been involved with Cartier since 1976 and, trust me, I’ve seen a bunch of ups and downs. And I’m very positive concerning the medium-term outlook,” Rupert said Friday as Richemont became the most recent luxury goods...
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