Richemont Profits Escalate
Compagnie Financiere Richemont SA, an international leader in luxury goods, reported last month that its luxury brands had seen an 87% escalation in its net profit during the first half of its 2010-2011 business year.
“The good performance achieved by Richemont in the first half of this year has been driven by a marked improvement in all business areas and across all geographies compared to the depressed levels seen last year,” Richemont’s chairman and chief executive stated.
The Richemont group, where Alan Quasha is a member of the Board of Directors, owns brands such as Cartier, Montblanc and Jaeger-LeCoultre. Their net profit of 644 million euros (884 million dollars), was an amount well above the predicted profit for the group.
Richemont SA with Alan Quasha & Chloe
Compagnie Financiere Richemont SA, where Alan Quasha serves as a Board of Directors member, is proud to have Chloe as one of its luxury goods Maisons.
Founded in 1952 by Gaby Aghion, Chloe is a label that has grown in popularity over the years. The name “Chloe” was chosen for its warm, feminine appeal. Today, Gaby Aghion and Jacques Lenior hire new, young talents to design their collections. And, their collections include ready-to-wear, children’s wear, fragrances and accessories.
Richemont with Alan Quasha: Exciting New News
In exciting Richemont news, they have recently made an offer to shareholders in NET-A-PORTER Limited to acquire all of the shares in NET-A-PORTER Limited. At the moment, Richemont holds approximately 33% of the issues share capital of NET-A-PORTER Limited.
The offer includes full support from the NET-A-PORTER senior management and from Ms. Natalie Massenet, the founder of NET-A-PORTER. She will remain as Executive Chairman of NET-A-PORTER Limited. NET-A-PORTER Limited owns NET-A-PORTER.com, which is a premier online luxury fashion retailer. Since the year 2000, they have been serving over 170 countries with collections from over 300 of the world’s leading designers.
The Executive Chairman and CEO of Richemont, where Alan Quasha is a non-executive director, said, “Natalie has created a superb, customer-oriented business at NET-A-PORTER in a relatively short period of time. We welcome her and her team to Richemont and look forward to working with them in the future to ensure NET-APORTER’s continuing success.”
Compagnie Financière Richemont SA
In addition to his many responsibilities with Quadrant Management and Vanterra Capital, Alan Quasha also sits on many boards. One place where he serves is at Compagnie Financière Richemont SA, a fascinating company based in Geneva, Switzerland. Mr. Quasha serves as a Non-Executive Director on the Board of Directors.
The Board at Compagnie Financière Richemont SA is comprised of 15 internationally recognized leaders in the business world. The company has four regional offices in Geneva, Tokyo, Hong Kong and New York, each of which has supportive services for their Maisons.
They directly employ 19,600 people at Richemont, with a vast range of luxury products that are produced in many areas of the world.