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

Posted By Luxury Daily News Service On In Apparel and accessories,Featured,Financial services,Fragrance and personal care,Healthcare,Industry sectors,Jewelry,Retail,Travel and hospitality | No Comments
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.