Richemont

Richemont Buys Net-a-Porter

Global luxury giant Richemont said on Thursday it was buying up a pioneering 10-year-old web-based women's fashion retailer, Net-a-Porter, founded by a former editor and valued at 350 million pounds. The Swiss group already owns...

China’s luxury market can be tough to crack

China may become the world's biggest luxury market in some years but cultural challenges to win customers' hearts for certain types of products remain, industry executives said this week. Champagne house Taittinger said it could...
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