Even if Richemont Chairman Johann Rupert manages to remove uncertainty about who’s going to run the group and its cash cow Cartier, which could take time, investors are asking themselves two even bigger questions: who will succeed him and what is the group’s raison d’être in the long term?
Johann Rupert, who turned 70 on June 1st, has designated his son Anton Rupert Junior, to take up the mantle. The 33-year-old bachelor has been sitting on Richemont’s non-executive board for three years. But several luxury fund managers and executives from Richemont and outside it told Miss Tweed that he was not regarded as having the right stuff to succeed his father. At least not yet.
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Comment l’industrie du luxe et de la mode, quasi-inexistante il y a quarante ans, est
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Author and journalist Astrid Wendlandt conducted a four-year investigation vinto the
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This book is a compilation of Miss Tweed’s stories during its first year. The digital revolution, the closely guarded secrets of LVMH, Richemont and Kering and the future of watchmaking are among the many topics Miss Tweed covered between the summer of 2020 and the summer of 2021.
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