https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Swiss luxury goods giant Richemont said Friday its full-year net profit was nearly cut in two as sales of high-end watches ticked lower. https://www.thelocal.ch/20170513/swiss-luxury-giant-richemont-sees-profits-halved-on-watch-woes Sat, 13 May 2017 17:16:58 +0200 swiss-luxury-giant-richemont-sees-profits-halved-on-watch-woes Swiss luxury goods giant Richemont will cut 210 jobs at its Piaget and Vacheron Constantin high-end watchmakers, a union source said on Monday. https://www.thelocal.ch/20161115/richemont-cuts-jobs-amid-tough-conditions Tue, 15 Nov 2016 09:21:06 +0100 richemont-cuts-jobs-amid-tough-conditions Swiss luxury goods giant Richemont, which owns top global brands like Cartier, warned on Wednesday that weak demand and restructuring costs would slash first-half profits despite a boost in UK sales from Brexit. https://www.thelocal.ch/20160914/swiss-firm-takes-hit-despite-brexit-boost Wed, 14 Sep 2016 16:10:21 +0200 swiss-firm-takes-hit-despite-brexit-boost Geneva-based Richemont, the world's second-biggest luxury goods group, on Thursday posted slumping quarterly sales, as luxury spending in Europe followed Asia in a downward spiral. https://www.thelocal.ch/20160114/richemont-sales-dip-as-luxury-spending-slumps Thu, 14 Jan 2016 15:29:20 +0100 richemont-sales-dip-as-luxury-spending-slumps Richemont, the world's second-biggest luxury goods company, on Friday reported strong profits but acknowledged that a currency windfall caused most of the rise. https://www.thelocal.ch/20151106/weak-euro-boosts-richemont-profit-figures Fri, 06 Nov 2015 14:41:40 +0100 weak-euro-boosts-richemont-profit-figures Geneva-based Richemont, the world's second largest luxury goods group, confirmed on Friday that its annual net profit fell by more than a third due to losses on financial instruments. https://www.thelocal.ch/20150522/richemont-confirms-financial-losses-cut-profit Fri, 22 May 2015 13:10:54 +0200 richemont-confirms-financial-losses-cut-profit Geneva-based Richemont, the world's number two maker of luxury goods, said Wednesday it expected its annual profit to fall by more than a third due to losses on financial instruments. https://www.thelocal.ch/20150422/richemont-warns-of-lower-2014-15-profits Wed, 22 Apr 2015 13:25:32 +0200 richemont-warns-of-lower-2014-15-profits Swiss-owned luxury brand Montblanc is to sell fountain pens made from a "miracle pine" tree that survived the 2011 tsunami, for a hefty $4,400, an official said, with 20 percent of takings donated to local people. https://www.thelocal.ch/20150226/luxury-swiss-pen-uses-tsunami-miracle-wood Thu, 26 Feb 2015 11:32:07 +0100 luxury-swiss-pen-uses-tsunami-miracle-wood Geneva's luxury watch show where shop owners search out such brands as Cartier and Piaget opened Monday under a cloud as the franc surged after the Swiss central bank abandoned its bid to hold down its value. https://www.thelocal.ch/20150119/franc-rise-clouds-geneva-watch-trade-show Mon, 19 Jan 2015 21:23:00 +0100 franc-rise-clouds-geneva-watch-trade-show Geneva-based Richemont, the world's second largest luxury group, says its global sales inched higher in the third quarter despite plunging demand in its key Asian market but investors punished the company's share price on Thursday over worries about the surge in the Swiss franc. https://www.thelocal.ch/20150115/richemont-shares-pummelled-as-swiss-franc-surges Thu, 15 Jan 2015 15:02:00 +0100 richemont-shares-pummelled-as-swiss-franc-surges Napoleon's admirers will be able to carry his DNA on their wrists after a Swiss company announced Tuesday its plans to sell watches containing a fragment of the emperor's hair. https://www.thelocal.ch/20141125/napoleons-hair-to-feature-in-geneva-watches Tue, 25 Nov 2014 22:16:00 +0100 napoleons-hair-to-feature-in-geneva-watches Shares in Geneva-based Richemont, number two in the luxury products world after LVMH, fell on Wednesday after the group reported falling sales in Asia. https://www.thelocal.ch/20140917/richemont-shares-fall-on-sluggish-sales-figures Wed, 17 Sep 2014 13:17:34 +0200 richemont-shares-fall-on-sluggish-sales-figures Geneva-based luxury giant Richemont on Thursday said its net profit rose by three percent in 2013-2014 over the previous financial year on higher sales, despite the impact of exchange rates. https://www.thelocal.ch/20140515/richemont-plans-swiss-boutique-expansion Thu, 15 May 2014 21:41:00 +0200 richemont-plans-swiss-boutique-expansion Hollywood stars, top models and other celebrities descended on Geneva on Tuesday night to model luxury timepieces and take part in what actor Ewan McGregor called a “circus”, otherwise known as the local annual watch show. https://www.thelocal.ch/20140122/geneva-watch-show-a-circus-ewan-mcgregor Wed, 22 Jan 2014 11:41:00 +0100 geneva-watch-show-a-circus-ewan-mcgregor Geneva-based Richemont, the world's second-largest luxury goods firm that owns Cartier and Montblanc, said on Thursday that the strength of the euro hit its sales in the final quarter of last year. https://www.thelocal.ch/20140116/strong-euro-hits-luxury-group-richemonts-sales Thu, 16 Jan 2014 19:43:00 +0100 strong-euro-hits-luxury-group-richemonts-sales Geneva-based Richemont, the world's second largest luxury goods firm, posted on Friday a 10-per-cent increase in profits for the first half of its fiscal year over the same period 12 months earlier. https://www.thelocal.ch/20131108/half-year-profits-rise-for-luxury-firm-richemont Fri, 08 Nov 2013 14:34:00 +0100 half-year-profits-rise-for-luxury-firm-richemont Geneva-based luxury goods giant Richemont says its sales growth slowed during the first five months of its reporting year amid unfavourable exchange rates and slumping sales in mainland China. https://www.thelocal.ch/20130912/currency-changes-hit-luxury-group-richemonts-sales Thu, 12 Sep 2013 15:43:00 +0200 currency-changes-hit-luxury-group-richemonts-sales Swiss luxury goods giant Richemont said on Tuesday that a top executive had resigned, amid expectations the group that owns Cartier, Piaget and Montblanc will sell off under-performing brands. https://www.thelocal.ch/20130521/richemont-brand-sale-expected-after-resignation Tue, 21 May 2013 18:11:00 +0200 richemont-brand-sale-expected-after-resignation Geneva-based luxury goods giant Richemont boosted net profit for the 2012-2013 year by 30 percent as expected, with strong performances in its jewellery and watch divisions and by favourable exchange rates, the group said on Thursday. https://www.thelocal.ch/20130516/richemont-plans-dividend-hike-after-profit-boost Thu, 16 May 2013 14:45:00 +0200 richemont-plans-dividend-hike-after-profit-boost Geneva-based luxury goods giant Richemont said Tuesday that it expects its 2012-13 net profit to surge by around 30 percent, largely owing to favourable exchange rates. https://www.thelocal.ch/20130423/swiss-luxury-goods-firm-richemont-expects-profits-surge Tue, 23 Apr 2013 17:37:00 +0200 swiss-luxury-goods-firm-richemont-expects-profits-surge