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Day’s wrap: Richemont, IWC Schaffhausen, Mercedes-Benz, Coty, Snap Inc. and Foundation Valmont

Richemont-owns French jeweler Cartier. Image credit: Cartier

 

Luxury Daily’s live news for May 21:

Richemont records strong performance due to online sales, jewelry
Swiss luxury group Richemont has reported a strong financial performance in its fiscal year ending March 31, 2021.

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IWC Schaffhausen, Mercedes-Benz announce new collaborative timepiece
Swiss watchmaker IWC Schaffhausen and German automaker Mercedes-Benz are announcing their collaboration to launch a new timepiece.

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Coty president of luxury brands steps down
Beauty group Coty has announced that Simona Cattaneo is stepping down from her role as its president of luxury brands.

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Prada, Farfetch highlight new AR features on Snap Inc.
Social media company Snap Inc. is launching new AR features and effects for Snapchat users, creators, businesses and beyond.

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Foundation Valmont addresses societal issues with new art exhibition
Foundation Valmont is using an iconic story to illustrate larger societal issues in a new artistic effort.

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Luxury is about time and people: Valentino creative director
Since becoming co-creative director of Italian fashion house Valentino in 2008 and sole creative director in 2016, Pierpaolo Piccioli has pushed the brand into commercial and cultural success.

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