Alibaba and Richemont backed Farfetch through a complex tie-up in which they invested $300 million each in the company, and another $250 million each for a 25 percent stake in its Chinese offshoot.

Source: https://www.nytimes.com/2023/12/15/business/farfetch-luxury-retail-bankruptcy.html

But they have done an excellent job with their acquisition of Tiffanys and that they want to buy Richemont () with their core asset Cartier.

Source: https://seekingalpha.com/article/4592960-lvmh-stock-the-berkshire-of-luxury?source=feed_all_articles

In a statement, Richemont chairman trumpeted “excellent results for the financial year, with all business areas generating higher sales and profits.

Source: https://wwd.com/business-news/financial/richemont-sees-sales-soar-fiscal-2023-strong-gains-across-regions-1235650087/

Jose Neves is said to be in talks with bankers and top shareholders, including Cartier-owner Richemont (OTCPK:CFRHF), about a potential takeover, according to a report in The…

Source: https://biztoc.com/x/363cd77d6d699eb0?ref=ff

Richemont, parent company of Cartier and Montblanc, said in its 2022 sustainability report that its emissions had increased from the prior year.

Source: https://time.com/6265889/luxury-watches-sustainability/

Richemont scraps agreement to sell online retailer YNAP to Farfetchreuters.

Source: https://biztoc.com/x/c9fd6a684d19f910?ref=ff

Richemont shares slumped in Zurich trading before recovering and rising as much as 2.6%.

Source: https://www.irishexaminer.com/business/companies/arid-41050961.html

Swiss luxury giant Richemont, whose brands include Cartier, reported record annual sales on Friday, with a big rebound in China after the country ended its zero-COVID measures.

Source: https://timesofmalta.com/articles/view/cartiermaker-richemont-posts-record-sales.1031285