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Richemont chairman Johann Rupert on company future: “Impossible to make meaningful predictions”

May 18, 2020

Van Cleef & Arpels' jewelry selection for Mother's Day 2020. Image credit: Van Cleef & Arpels Van Cleef & Arpels' jewelry selection for Mother's Day 2020. Image credit: Van Cleef & Arpels

 

By Luxury Daily News Service

Johann Rupert, chairman of Swiss conglomerate Richemont, sounded a sobering note on the immediate future of the luxury business as the COVID-19 coronavirus outbreak and resultant lockdowns and travel bans take their toll on global economies.

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  1. Moschino allows consumers to shop the runway during live-stream
  2. Kering, in transparency move, goes for 100pc traceable organic cotton
  3. Michael Kors launches WeChat platform to enhance shopping experience in Asia
  4. Chloé fetes iconic anniversary collection via video series
  5. Mercedes introduces electric bike collection
  6. Introducing Luxury Women to Watch 2023
  7. Luxury Unfiltered: Why traditional management is killing luxury as an asset class
  8. Waldorf Astoria Goa to open in 2030
  9. Missoni pays homage to founders, Brazil with charity auction
  10. Instagram acts as moisturizer to preserve Facebook's appeal: L2
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