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.