Jaeger-LeCoultre

Q3 FY23 Results: Mytheresa reports 18% GMV growth in Q3 FY23 and continued Adjusted EBITDA profitability

Retrieved on: 
Wednesday, May 10, 2023

The luxury multi-brand digital platform delivered another quarter of growth with continued Adjusted EBITDA profitability, despite significant macro headwinds.

Key Points: 
  • The luxury multi-brand digital platform delivered another quarter of growth with continued Adjusted EBITDA profitability, despite significant macro headwinds.
  • Michael Kliger, Chief Executive Officer of Mytheresa, said, “We are very satisfied with the global growth in our business producing industry-leading 18% top-line expansion.
  • Our margin has been impacted by strong promotional intensity of many competitors in Q3 but we deliver profitable growth.
  • Mytheresa does not intend to update its forward-looking statements until its next quarterly results announcement, other than in publicly available statements.

JAEGER-LECOULTRE ANNOUNCES ITS NEWEST GLOBAL AMBASSADOR: LENNY KRAVITZ

Retrieved on: 
Thursday, April 27, 2023

NEW YORK, April 27, 2023 /PRNewswire/ -- Jaeger-LeCoultre is delighted to name Lenny Kravitz as a new Ambassador for the Maison.

Key Points: 
  • NEW YORK, April 27, 2023 /PRNewswire/ -- Jaeger-LeCoultre is delighted to name Lenny Kravitz as a new Ambassador for the Maison.
  • Since the very beginning of his career, Lenny Kravitz has been defiantly original, always following his own path, steadfast in his artistic vision.
  • A watch enthusiast since childhood, when he became fascinated by his father's chronographs, Lenny says: "I feel very drawn to Jaeger-LeCoultre.
  • "With his artistry, inventiveness and ability to transcend genres, Lenny epitomises Jaeger-LeCoultre's values and style," says Catherine Rénier, the CEO of Jaeger-LeCoultre.

DECISIONS OF THE RICHEMONT 2022 ANNUAL GENERAL MEETING

Retrieved on: 
Wednesday, September 7, 2022

Compagnie Financire Richemont SA (the "Company") held its 2022 Annual General Meeting ("AGM") in Geneva today.

Key Points: 
  • Compagnie Financire Richemont SA (the "Company") held its 2022 Annual General Meeting ("AGM") in Geneva today.
  • The General Assembly voted in favour of the re-appointment of all Board members who stood for re-election this year for a further one-year term.
  • In addition, 'A'shareholders were asked to formally designate one person to serve as representative of all 'A'shareholders on the Board.
  • Following the vote of 'A'shareholders only, Ms Wendy Luhabe was designated as representative of the 'A'shareholders with a compelling majority.

Tiny Jewel Box, America's Premier Fine Watch Destination, Expands Retail Footprint with Yet Another Luxury Watch Expansion

Retrieved on: 
Wednesday, September 7, 2022

WASHINGTON, Sept. 7, 2022 /PRNewswire/ -- D.C.'s most historic and beloved destination for fine jewelry and luxury timepieces, Tiny Jewel Box, is now home to a completely branded expanded Rolex shop-in-shop with its own street-level entrance on Connecticut Avenue, further cementing Tiny Jewel Box's status as a top destination for watch collectors. In addition to Rolex, Tiny Jewel Box is home to a premier collection of luxury watch brands including Jaeger-LeCoultre, Cartier, IWC Schaffhausen, TAG Heuer and Patek Phillipe, which also added an expanded showroom to the historic store in the summer of 2021.

Key Points: 
  • In addition to Rolex, Tiny Jewel Box is home to a premier collection of luxury watch brands including Jaeger-LeCoultre , Cartier , IWC Schaffhausen , TAG Heuer and Patek Phillipe, which also added an expanded showroom to the historic store in the summer of 2021.
  • While a Rolex showroom with an impressive product selection has been part of the Tiny Jewel Box experience for years, the much expanded offering is sure to excite and delight watch enthusiasts.
  • The masterfully broadened space expands the retail footprint of the historic section of Connecticut Avenue leading up to the corner of M Street NW.
  • Matthew Rosenheim said, "Discerning watch collectors will soon find a deeply enriching Rolex experience at Tiny Jewel Box.

RESPONSE TO BLUEBELL CAPITAL PARTNERS LIMITED: ADDITIONAL INFORMATION REGARDING ITEMS 4.1 AND 5.17

Retrieved on: 
Wednesday, August 24, 2022

RESPONSE TO BLUEBELL CAPITAL PARTNERS LIMITED:

Key Points: 
  • RESPONSE TO BLUEBELL CAPITAL PARTNERS LIMITED:
    On 15 August 2022, the Board of Directors (the 'Board') of Compagnie Financire Richemont SA (the 'Company') provided additional information regarding the Company's 2022 Annual General Meeting .
  • Since then, the Board has received queries from Bluebell Capital Partners LP ('Bluebell') in relation to items 4.1 and 5.17 of the Notice of Meeting and the related Board recommendations.
  • In the spirit of transparency towards shareholders, the Company is providing the following additional information on the queries and the Company's response.
  • To Bluebell, this recommendation is inadmissible because it is made without a valid reason within the meaning of Swiss law.

Adolf Hitler's Gold Presentation Watch to be Sold at Auction

Retrieved on: 
Tuesday, July 12, 2022

No other watch owned by Hitler has ever come to market.

Key Points: 
  • No other watch owned by Hitler has ever come to market.
  • The soldier stumbled on this relic as he and his comrades plundered the underground passages beneath Hitler's bombed-out home.
  • The watch remained in the soldier's family for decades until it was sold to another family member in the 1980s.
  • The auction will also offer a second military watch of great notoriety .

TRIBUTE TO MAITRE JEAN-PAUL AESCHIMANN

Retrieved on: 
Wednesday, June 29, 2022

Matre Aeschimann served as Richemont Deputy Chairman for 22 years, from its foundation in 1988 till 2010.

Key Points: 
  • Matre Aeschimann served as Richemont Deputy Chairman for 22 years, from its foundation in 1988 till 2010.
  • During his tenure, he was also Chairman of the Audit Committee and a member of the Compensation Committee and the Nominations Committee.
  • A graduate in law from the University of Neuchtel, Matre Aeschimann studied at Harvard University and was admitted to the Bar of Geneva.
  • Paying tribute to Me Jean-Paul Aeschimann, Johann Rupert, Chairman, said:
    It is with profound emotion and immense sadness that I learnt of the passing of Me Jean-Paul Aeschimann, a highly respected and valued colleague, who was a member of Richemonts founding team.

Decrypt Studios Announces Inaugural Cryptie Awards and the 2022 “Industry Achievement” Recipients

Retrieved on: 
Thursday, June 9, 2022

Decrypt Studios , the Web3 production studio, has launched The Crypties, the crypto industrys premier international annual awards program honoring excellence across the crypto ecosystem.

Key Points: 
  • Decrypt Studios , the Web3 production studio, has launched The Crypties, the crypto industrys premier international annual awards program honoring excellence across the crypto ecosystem.
  • Their accomplishments will be recognized and celebrated along with the other nominees and winners at the Crypties awards gala in Miami.
  • The Crypties embody the culture and the spirit that propels the crypto industry forward, said Alanna Roazzi-Laforet, founder of Decrypt Studios.
  • Decrypt Studios is a new-breed production studio dedicated to bringing artists, designers, and thinkers to the Metaverse.

Richemont reports strong FY22 ESG performance

Retrieved on: 
Tuesday, June 7, 2022

Richemont, the Swiss luxury goods group, today releases its annual Sustainability Report 2022 , detailing the Groups strong ESG performance for the year ended 31 March 2022.

Key Points: 
  • Richemont, the Swiss luxury goods group, today releases its annual Sustainability Report 2022 , detailing the Groups strong ESG performance for the year ended 31 March 2022.
  • We have continued to accelerate our sustainability efforts throughout FY2022, delivering against our short-, medium- and long-term goals, said Burkhart Grund, Chief Finance Officer, Richemont.
  • With my team, I am further developing the Groups vision to accelerate and amplify the Groups ESG transformation, said Brangre Ruchat, Chief Sustainability Officer, Richemont.
  • In FY22, Richemont received a Sustainalytics rating of 10.7, highlighting a low ESG risk profile and ranking the Group in the top 2% of companies rated worldwide.

Westfield Valley Fair Opens More Than 100 Stores Since Debut of Expansion

Retrieved on: 
Friday, May 6, 2022

Westfield Valley Fair today announced that it has opened over one hundred retailers since completing construction two years ago of its $1.1 billion expansion.

Key Points: 
  • Westfield Valley Fair today announced that it has opened over one hundred retailers since completing construction two years ago of its $1.1 billion expansion.
  • View the full release here: https://www.businesswire.com/news/home/20220506005344/en/
    Westfield Valley Fair in San Jose, Calif. has opened over one hundred retailers since completing construction two years ago of its $1.1 billion expansion.
  • (Photo: Business Wire)
    Were thrilled to have reached this major milestone in the ongoing transformation of the center, said Sue Newsom, General Manager at Westfield Valley Fair.
  • In the coming months, Westfield Valley Fair will continue to round out its transformation, with highly-anticipated openings including Northern Californias first-ever Eataly, Northern Californias first-ever Baekjeong, and Mastros Steakhouse.