Richemont is a Swiss based luxury conglomerate and the owner of Yoox Net-A-Porter Group. The Swiss-based group also counts Cartier, Montblanc, Azzedine Alaia, Chloé and many other luxury brands.
Recently Richemont, appointed a new CEO after having left the position vacant for two years, announced that Jérôme Lambert, currently Group Chief Operating Officer, would be promoted to the position with immediate effect. Lambert has had an extensive career with Richemont, having led Jaeger-LeCoultre, Montblanc and overseen the Group’s Specialist Watchmakers as well as the group’s fashion and accessories businesses prior to taking on the role of Group Chief Operating Officer last year. The move to appoint a CEO for the group comes five months after Richemont completed its take-over of Yoox Net-A-Porter Group in which it had previously been the majority shareholder.
For the financial year ended 31 March 2018, Richemont reported sales of €10.9bn, operating profit of € 1.84bn and profit for the year of €1.22m.