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Richemont finalises sale of Baume & Mercier to Damiani Group
On Wednesday, luxury group Richemont, parent company of Cartier, announced it has finalised the sale of watchmaker Baume & Mercier to the Italian Damiani Group. The initial agreement for this private transaction was made public on January 22, 2026. It involves the acquisition of 100 percent of the Swiss brand's shares, with all prerequisite...
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Richemont achieves 22.4 billion euros in sales amidst geopolitical shifts
Compagnie Financière Richemont, the Swiss luxury goods group, delivered a solid performance for the financial year ended March 31, 2026, navigating fast-evolving geopolitical and macroeconomic conditions. Group sales reached 22.42 billion euros (26.04 billion dollars), representing an increase of 11 percent at constant exchange rates and 5...
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Stefano Rosso is new president of Aura Blockchain Consortium
Stefano Rosso, chief executive officer of Marni and president of Maison Margiela (OTB Group), is the new president of Aura Blockchain Consortium. Rosso succeeds Lorenzo Bertelli, chief marketing officer and head of Csr of Prada Group, who has led Aura since its foundation. Aura Blockchain Consortium, the non-profit consortium founded in 2021 by...
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