Rupert’s wealth skyrockets to $12 billion as Richemont’s sales surpass expectations.
"richemont"
-
- Hot News
SA billionaire Johann Rupert’s Richemont rules out plans to invest in loss-making British luxury retailer
Last year, Rupert’s Richemont agreed to sell a 47.5-percent stake in its Yoox Net-A-Porter (YNAP) fashion and accessories business to Farfetch.
-
Richemont led by Rupert and celebrated for its premium brands posted a modest three-percent increase in profit.
- Southern Africa
South African billionaire Johann Rupert’s Richemont receives clearance for YNAP-Farfetch partnership
Rupert, who serves as Richemont’s chairman, holds a substantial interest in the company through Compagnie Financiere Rupert.
- Southern Africa
Richemont, led by Africa’s richest man Johann Rupert, acquires controlling stake in Italian shoemaker
Finalized in a private transaction, the deal marks a significant step for Richemont.
- Southern Africa
Africa’s richest man Johann Rupert loses $800-million fortune as Richemont shares slump
The substantial $800-million loss in Rupert’s wealth can be directly attributed to the recent decrease in the market value of his 9.14-percent …
-
Richemont recently published its latest full-year financial report, which shows a 21-percent growth in jewelry sales.
-
Rupert said the company’s brands are well-positioned to meet strong demand driven by the resumption of travel by customers from China.
-
Rupert has developed a platform that offers a gamut of features enabling owners to report theft or loss.
- Hot News
Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.