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Dishy of the day — the rise of hospitality chic. Enter sandman — the extraordinary beach art of Jim Denevan. The smaller the campervan The world in our PocketShip. FT Series. Feel the pull of rope furniture. The Aesthete. The best new sun creams for summer Visual Arts. Josephine Baker inspires a glimmering retrospective. FT Series The transformative power of water. Do the pebble dash. Turkish delight — summer, Istanbul-style.

A view from the driving seat in the Rallye des Princesses. The transformative power of water. A Sicilian food masterclass amid the lemon groves. The trouble with private jets The best new cameras for summer Do or dye — the shibori crew leading the Japanese youthquake. Brush up on your eco-paints. Five small hotels with outsize style. Which blonde will work for you? The new absinthe drinkers How To Spend It In Friday, 17 June, Surfwear for dudes and dudettes with a social conscience.

Thursday, 9 June, How to flex it — your secret weapon for fussy eaters. Wednesday, 8 June, Jewellery goes stormcore. What Mickey Drexler did next. Tuesday, 7 June, What does it really cost to make your clothes? The botanical beauty of jewels. Monday, 6 June, Gohar World x Gucci Vault — chic tableware for every day.

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Friday, 3 June, Five gadgets to raise your drinks game. The remaining available retained earnings of the Company, after payment of the dividend, are to be carried forward to the next business year. We are proud to share that the Science Based targets we submitted in May have been validated by the Science Based Targets initiative. Developed in line with the objectives of the Paris Agreement, they provide us with a clearly defined pathway to reduce gas emissions and help us prevent the worst impacts of climate change, while future-proofing our business for greener growth.

To hear more. Richemont is pleased to announce the nominations of Jasmine Whitbread and Patrick Thomas for election to the Board of Directors. Their appointments are subject to the approval of shareholders at the AGM due on 8 September She has a leadership and management background spanning marketing, technology, finance, media, telecommunications, and not-for-profit organisations. Mr Thomas, a French national, brings more than 30 years of experience in the luxury goods industry.

Patrick equally held senior positions at Lancaster Group and Pernod Ricard. In addition, Non-executive Directors Jan Rupert and Ruggero Magnoni have indicated that they will not seek re-election at the AGM, allowing time for an orderly handover with their successors on the Strategic Security, Nominations and Audit Committees of the Board. I am delighted to welcome Jasmine and Patrick to the Board. Both bring unrivalled experience and expertise in areas of great importance to the Group.

The Board of Directors approves changes to the Board and Senior Executive Committee to support the strong, sustainable development of its Maisons and businesses. Versus the prior year period, which was severely affected by the pandemic, all regions, channels and business areas saw sales progress at triple digit rates, with the exception of Asia Pacific, Online Distributors and online retail where sales grew by double digits.

Given the magnitude of the impact of the pandemic on our operations in the three-month period ended 30 June , additional comments compared to the three-month period ended 30 June are provided below for a more comprehensive view of our current trading. In the period under review, sales exceeded pre-Covid levels.

The online and offline retail channels recorded strong double-digit sales growth. Sales progressed in most regions and across all channels. Similarly, the executives in charge of our Maisons and businesses will focus exclusively on the sustainable development of their respective entities, ensuring a customer-centric approach and the continued success of digital initiatives.

They will continue to report directly to Johann Rupert, Chairman. While the enlarged SEC structure proved effective in the early stages of our transformation journey and in navigating one of the most trying times in recent history, the time is ripe for a more streamlined structure as we embark on the next stage of our development. Throughout the pandemic, agility and well-informed rapid decision making have been essential.

Decisions must be made as close as possible to customers. These governance changes will allow Maison and business executives to focus exclusively on their customers, colleagues, partners and the sustainable development of their entities at a time when the world is changing rapidly and growing in complexity. I am grateful to be able to rely on the deep experience and expertise of Cyrille, Nicolas, Philippe, Emmanuel and Frank as well as their strong sense of collegiality.

Finally, I would like to thank Alan Quasha for his valued contributions over the past 33 years. In terms of sales at constant exchange rates, average exchange rates for the year ended 31 March are used to convert local currency sales into euros for the current three-month period and comparative figures.

Richemont announces the publication of its sustainability report for the year ended 31 March Richemont has a long-standing commitment to doing business responsibly and, as such, has submitted its proposed targets to the Science-Based Target initiative SBTi , in line with the Paris Agreement. Acknowledging that there is always more to do regarding corporate and industry-wide sustainability efforts, Richemont strives to improve each year.

The report is available for download at www. Established nearly two centuries ago in , Delvaux is the oldest luxury leather goods Maison in the world. It has a unique heritage, expressed through the richness of its archives, and distinguishes itself through its exceptional savoir faire and creativity. In , Delvaux was the first to file an official patent for a leather handbag and can thus be called the inventor of the modern luxury handbag.

Combining creativity and savoir-faire, Delvaux has been crafting timeless leather designs since Founded in Brussels by Charles Delvaux, its elegant, innovative bags have always offered both freedom and femininity. A key objective of our collaboration was to create a vehicle to promote responsible business practices within the gemstone industry. The GJCP is committed to a transparent, responsible and vibrant jewellery industry and providing all members of the gemstone and jewellery industry with tools and resources to be more responsible in all that they do, including enabling companies move towards RJC and other industry certifications.

With rubies, sapphires and emeralds being incorporated in the RJC Code of Practices in , the tools, research and platform developed by the CGWG will be key for the Group and its suppliers to progress on our due diligence efforts towards improved traceability and transparency in our supply chains.

The management and employees of Richemont and AZ Factory wish to express their deep sorrow at the passing of Alber Elbaz. I was always taken by his intelligence, sensitivity, generosity and unbridled creativity. He was a man of exceptional warmth and talent, and his singular vision, sense of beauty and empathy leave an indelible impression. His inclusive vision of fashion made women feel beautiful and comfortable by blending traditional craftsmanship with technology - highly innovative projects which sought to redefine the industry.

Alber will be greatly missed by all of us who had the good fortune to know him or work with him. On behalf of all of my colleagues at Richemont and AZ Factory, I wish to extend our sincerest condolences to his family and friends.

On a personal note I would like to add that I have lost not only a colleague but a beloved friend. The SDG Taskforce will report on progress made within member companies and the industry through the annual RJC Progress Report and updates will be published to a dedicated web page.

Today, Cartier together with LVMH and the Prada Group announced the creation of the AuraBlockchain Consortium, supporting the first global blockchain solution dedicated to the luxury industry. The Consortium will promote the use of a single global blockchain solution open to all luxury brands worldwide to provide consumers with additional transparency and traceability.

Cartier, LVMH and Prada Group have created together a single solution to address the shared challenges of communicating authenticity, responsible sourcing and sustainability in a secure digital format. The technology offered by the Aura Blockchain Consortium enables direct-to-consumer access to product history and proof of authenticity. Blockchain is a key technology to enhance customer service, relationship with partners and traceability.

The luxury industry creates timeless pieces, and must ensure that these rigorous standards will endure and remain in trustworthy hands. We therefore invite the entire profession to join this consortium to design a new luxury era enabled by blockchain technology. Not only will visitors have the chance to discover some of the watches unveiled online at Watches and Wonders Geneva, they will also be the first to see new models created especially for the Chinese market.

Certain Maisons will present unique pieces and iconic heritage watches. Follow the event live on watchesandwonders. Richemont supports the New York Fashion Tech Lab programme featuring global, women-led, emerging technology companies. As part of the scheme, warrants will be distributed to shareholders on 27 November The "Exercise Price" of the A warrants, or the price at which holders of A warrants will be entitled to purchase one Richemont A share in three years, has been set at CHF The "Specified Number" of A warrants to be exercised in order to purchase one A share at the Exercise Price has been set at Richemont owns a portfolio of leading international Maisons recognised for their distinctive heritage, craftsmanship and creativity.

The report is available for download from the Richemont website at : www. Additional activities such as donations or equipment to schools took place but much of the week was focused on building awareness and learning. We also hosted informative and engaging panel discussions with both external and internal guests, to share the essence of Sustainable Development, the 17 UN Sustainable Development Goals and how we, as Richemont Europe and the Group, are contributing to progress on this front.

Both shared their views on sustainable development and what it means to them in their respective spheres. On 17 September , the Foundation launched Homo Faber Guide, a digital platform focused on fine craftsmanship allowing visitors to discover artisans, experiences, and galleries across 25 European countries.

A dividend of CHF 1. The dividend in respect of the A shares will be payable on Friday, 18 September All other Board proposals were also approved by the shareholders by an overwhelming majority. The contemplated simplified structure is intended to reduce administrative complexity and facilitate cross-border trading in Richemont A shares between investors on the SIX Swiss Exchange and the Johannesburg Stock Exchange. Consequently, the Board has taken the decision to temporarily postpone the issuance of warrants under the proposed shareholder loyalty scheme, to study the possible impact of this contemplated change in cross-border trading.

The Board will therefore no longer propose the creation of a conditional capital as listed under Item 3 "Creation of a conditional share capital" in the notice of meeting dated 12 August , at its Annual General Meeting AGM due on 9 September The Board will submit a revised proposal on the matter at an Extraordinary General Meeting of shareholders, which will be held later this year. Since , Richemont has been supporting Laureus, a global organisation that celebrates sporting excellence and uses the power of sport to transform lives and transcend national boundaries.

Although the Swiss Government has gradually lifted the main restrictions imposed in the fight against COVID Coronavirus disease due to some improvement of the general health situation, the number of infections is again on the rise since mid-June. The health of Richemont's shareholders and its colleagues is our absolute priority.

At the same time, the Company is under a legal obligation to hold its AGM and to ensure the smooth functioning of the Group. The exercise of your voting rights will be fully guaranteed. Shareholders may exercise their rights in writing or by electronic means, by submitting voting instructions through the Company's registrar, Computershare Schweiz AG, or by sending them directly to the independent representative of the shareholders Etude Gampert Demierre Moreno, Notaires.

Shareholders are entitled to raise questions in advance of the meeting by emailing our Company Secretary, Mr Swen H. Grundmann, email: secretariat cfrinfo. The webcast will be available to view on the Richemont website until Wednesday, 9 September We thank you for your kind understanding and look forward to welcoming you again in person at our Annual General Meeting.

It is expressed by a series of short, medium and long term targets. Our Group has a long-standing commitment to doing business responsibly. A graduate from the EDHEC business school and the University of Brighton, Mr Fortunato brings over 30 years of managerial experience in the luxury industry and strong international exposure. Richemont announces that Sophie Guieysse is stepping down from the Senior Executive Committee with immediate effect, and will not stand for re-election to the Board of Directors at the annual general meeting on 9 September Further to media reports, Richemont confirms that it has initiated a comprehensive review of its Human Resources function, which may have an impact on the composition of its Senior Executive Committee.

Back in January , Marina Corti was appointed Group DEI Director, responsible for defining the Group strategy and driving key initiatives in this important area, which Richemont believes is core to fostering creativity, innovation and entrepreneurship in our employees. Ensuring group-wide progress towards DEI objectives requires increasing awareness and engagement throughout our global team of colleagues.

This cross-functional team includes five senior leaders from our Maisons, functions and markets, and five employees from across the Group. The inaugural team is made up of five Gen-Z employees to offer their perspective on what DEI means to them. Future appointments to the Council will be on a rotating 12month basis to ensure the many and varied views and perceptions of all our colleagues have the potential to contribute to and have impact on our DEI journey.

Council members are given specific training to develop DEI expertise and are charged with sponsoring and guiding Group DEI initiatives as well as monitoring overall progress. The report will be mailed at the end of June to parties who have requested it. Only the printed report is definitive. Richemont announces that its share buy-back programme expired on 20 May During the three years of the share buy-back programme, the Company repurchased 4'' shares. Details of purchases under the share buy-back programme are available at: www.

The transaction launched on 18 May with three tranches maturing in , and The notes are priced with a coupon of 0. Whilst Richemont has a robust balance sheet and more than adequate cash resources, we view it prudent to secure additional liquidity to weather potentially tougher times ahead.

This bond transaction will support the long term development of our Maisons and businesses. Richemont will make an application for the notes to be listed on the regulated market of the Luxembourg Stock Exchange. As the pandemic continues to impact our lives on a global scale, it is imperative that we give back and support our communities in any way that we can. In order to support those who were affected by the bushfire crisis, Richemont came together as a region and supported charities that worked hard to help those who were in need.

We look forward to more initiatives in the future! AZfashion will be an innovative and dynamic start up, meant to turn dreams into reality. His talent and inventiveness, with his sensitivity towards women and their wellbeing, will be of great value to our Group and its Maisons.

We warmly welcome Alber to Richemont and look forward to an exciting partnership. I am extremely excited to collaborate with good people, talented and smart individuals and look forward to also having a lot of fun with this new adventure. Buccellati was founded in Milan in by Mr Mario Buccellati. The Maison has a rich history and patrimony, distinguished by exceptional craftsmanship and unique know-how. Its jewellery creations are renowned for their highly distinctive look-and-feel evoking silk, damask, tulle and linen.

Buccellati is also active in the fields of watchmaking and silverware. We welcome Andrea Buccellati, his family and his team. With them, we share a culture of constant quest for creativity, innovation, quality and excellence. We look forward to ensuring the long term development of this unique jewellery Maison. We value their long term strategic thinking and look forward to seeing the potential of Buccellati realised as part of Richemont. The results of Buccellati will be reported under the Jewellery Maisons business area.

Gangtai Group is a privately held conglomerate which captures the growth in the consumer, culture, finance, and health industries. Gangtai Group aims at being a multinational leader in improving quality of life. Ltd, is one of largest gold jewelry distributers and a leading internet jewelry retailer in China. In , Buccellati celebrates its th Anniversary. This is the second year Richemont has participatedin this charitable global race. All other matters on the agenda were also approved by the shareholders by an overwhelming majority.

This change is effective 26 October We wish him well. The management and employees of Richemont wish to express their deep sorrow at the news of the passing of Mr Karl Lagerfeld. In , he joined our Group having sold his fashion business to Richemont. After many years of working together and admiring his extremely successful career, I was deeply saddened to learn of his passing.

He was incredibly successful in reinterpreting a Maison DNA, year after year. As such, he was and will remain an inspiration to many. Richemont, the Swiss luxury goods group, announces the publication of its interim report and accounts for the six months ended 30 September In order to provide meaningful comparisons to the prior year period, the comments below relate to current period sales excluding YNAP and Watchfinder.

All regions, with the exception of the Middle East, posted growth, led by solid momentum in Asia Pacific and the Americas. Hong Kong, Korea and Macau all generated double digit increases while China showed good growth. Europe had mixed performances throughout the region and was impacted by the strength of the euro and a challenging year-on-year comparison in the United Kingdom. In Japan, growth reflected both higher domestic and tourist spending. Retail sales were driven by strong performances by the Jewellery Maisons and the Specialist Watchmakers.

As we position the Group to meet these challenges, he will lead the development of strategic plans reflecting the long-term objectives and priorities established by the Board. The election will take place at the next Annual General Meeting, to be held on 10 September Ms Guieysse joined Richemont in her current capacity in October from Dior where she had been advising on the future of luxury in a connected world.

Richemont, the Swiss luxury goods group, announces that it has completed the sale of its wholly-owned subsidiary, Lancel, a French luxury leather goods company, on 2 June to Piquadro S. Established in in the United Kingdom, Watchfinder has grown organically under the careful stewardship of co-founder Stuart Hennell to become the leading platform to research, buy and sell premium pre-owned watches, both online and through its seven boutiques.

In addition, Watchfinder operates a highly qualified customer service centre and employs c. Watch enthusiasts themselves, they established Watchfinder to provide excellence in customer experience. We believe there are substantial opportunities to help grow the Company further.

It will enable us to better serve the sophisticated needs of a discerning clientele. We welcome Stuart Hennell and his team, and look forward to ensuring Watchfinder remains the compelling destination for premium pre-owned timepieces. Richemont, the Swiss luxury goods group, announces the publication of its annual report and accounts for the year ended 31 March The report will be mailed on 27 June to holders of Richemont shares and South African depositary receipts and other parties who have requested it.

The transaction launched on 15 March with three tranches maturing in , and The notes are priced with a coupon of 1. We are pleased at the support the inaugural bond issue has received from investors, which demonstrates confidence in the quality of our assets and strength of our balance sheet.

We will use the funds to invest in the development of our businesses. The industry has lost an exceptional talent. He was a man of integrity and kindness who was also a true creative genius. With his unique approach to couture, he created a distinctive style that will forever set his creations apart. Azzedine will be missed by all of us who had the good fortune to work with him.

I wish to extend my sincerest condolences to his family and his friends. Richemont is pleased to announce the publication of its interim report and accounts for the six months ended 30 September In addition, he will continue to be responsible for the Richemont regional support platforms and central support services, excluding Finance, Human Resources and Technology.

Mr Perrin will join the Senior Executive Committee effective immediately. A prime area of focus will be matching supply with end customer demand. SIX Swiss Exchange requires that issuers make an announcement without delay where the foreseeable profit or loss for a given period is expected to deviate significantly from the profit or loss achieved in the prior year period. Both significant increases and decreases in the anticipated, unaudited profit or loss require the publication of an ad hoc notice to the market.

In accordance with these requirements, Richemont makes the following announcement:. These increases predominantly reflect the non-recurrence of the exceptional inventory buy-backs in the prior year period, improved trading performance and the positive net impact of movements in period-end exchange rates.

Richemont, the Swiss luxury goods group, wishes to announce the following appointments to its Senior Executive Committee. Through his consulting company, Dr van Oosten advised retailers on their multichannel strategy, roadmap and transformation programmes. From until , she held various human resources roles at LVMH. Since , Ms Guieysse had been advising Dior on the future of luxury in a connected world.

Ms Guieysse will succeed Mr Thomas Lindemann who will leave Richemont for personal reasons and step down from the Group Management Committee with effect from 31 October Jean-Jacques van Oosten brings over fifteen years of experience in scaling, transforming and internationalising online and multichannel businesses. Sophie Guieysse brings a twenty-year Human Resources experience across diverse cultural environments in the luxury and digital sectors.

These appointments will strengthen significantly the Group's ability to address current challenges and bring Richemont into a new era of agility and performance. I want also to take this opportunity to thank Thomas Lindemann for his contribution to the Group over the last twenty years and the progress made during his tenure as Group Human Resources Director.

He has established a highly professional team in Geneva and a strong human resource function across all our platforms. We wish Thomas every success in his future endeavours. The double digit sales growth during the first five months was primarily driven by strong performance in the Jewellery Maisons and easier comparative figures.

Sales increased in all regions, led by Asia Pacific. The strong performance in Asia Pacific was supported by double digit increases in most markets, including China and Hong Kong, where a large part of the exceptional inventory buy-backs took place in the comparative period. In the United Kingdom, however, sales grew at a double digit rate benefitting from favourable currency movements. In Japan, growth reflected higher domestic and tourist spending.

Sales in the Middle East showed subdued growth, impacted by geopolitical uncertainties. Retail sales increased in most regions, with solid growth in Asia Pacific, Japan and the Americas. Retail sales were driven by strong performances in the Jewellery Maisons and the Specialist Watchmakers as well as by the reopening of the Cartier flagship stores in New York and Tokyo a year ago. The results for the six-months ending 30 September will be announced on 10 November Richemont regrets to announce the resignation with immediate effect of Mr Georges Kern.

Georges has been offered an interesting opportunity to become an entrepreneur. He has had a very successful career at IWC Schaffhausen and we wish him well. Richemont's watchmaking, marketing and digital activities will report to the Senior Executive Committee. Richemont, the Swiss luxury goods group, announces that it has completed the sale of its wholly-owned subsidiary, Shanghai Tang, on 30 June to an entity controlled by Mr Alessandro Bastagli, an Italian entrepreneur.

Richemont is pleased to announce the publication of its annual report and accounts for the year ended 31 March The report will be mailed on 23 June to all holders of Richemont shares and South African depositary receipts and to other parties who have requested it. Richemont currently holds 9. Those shares represent 1. It also considered the composition of the Board itself, recognising that rapidly changing technologies bring significant challenges to traditional business models.

Mr Richard Lepeu, Chief Executive Officer, has intimated his intention to retire with effect from 31 March , when he will have reached retirement age. The Board has therefore decided to restructure the responsibilities of senior management in the Group, recognising the need to be able to react quickly to the challenges facing businesses in general and the luxury industry at this time. Further nominees to the Board of Directors of the Company may be intimated ahead of the annual general meeting to be held in Recognising the importance of continuity in the decision making process, the Board wishes to retain the wealth of knowledge that long-serving members and former executives bring to the decision-making process.

The function of the Council will be to act as a sounding board for the Board of Directors, drawing on the significant expertise of its members. Messrs Fornas, Lepeu and Platt, together with Mr Alain-Dominique Perrin, will be appointed as senior advisors to Group management, liaising directly with the Executive Chairman and senior executives.

We are presenting today a series of changes to the way in which the Group operates which will take effect over the coming year. This reflects the retirement of some of our senior colleagues, as anticipated, which we have used as an opportunity to re-think the way in which the senior management group is structured. I would like to thank both Richard Lepeu and Gary Saage for their invaluable contribution to Richemont over the past 30 or so years in the case of Richard and some 28 years for Gary.

Both have been loyal and hard-working colleagues. Richard has earned his retirement and I thank him sincerely for his valuable contribution across our luxury goods businesses, including at Vendome and Cartier as well as here at Richemont. He has wanted to retire for some time and I have repeatedly persuaded him to stay. Now it is time for him to move back, having established a highly professional team in Geneva and a strong finance function across all our platforms. His contribution to the Group and his unwavering loyalty and support should never be underestimated.

Our senior board members are also retiring but their expertise will not be lost to the Group. Richemont has benefited from their wisdom and input over the years and I look forward to continuing to work with them all in an advisory capacity either as members of the International Advisory Council or as senior advisors to management.

In these challenging times, their contribution will continue to be highly valued. The Group also comments on the outlook for the six months ending 30 September Sales in the United Kingdom have shown growth since the weakening of sterling against most currencies at the end of June following the EU referendum.

Elsewhere in Europe, sales were down, particularly in France, due to a significantly lower level of tourist activity. The Americas saw positive momentum in both jewellery and accessories but saw an overall decline in sales due to a weaker performance in watches. In the Asia-Pacific region, growth in mainland China and Korea was more than offset by the continuing weakness of the Hong Kong and Macau markets.

The policy of buying back inventory to assist our multi-brand retail partners was primarily focused on these two markets. Japan reported significantly lower sales against very high comparative figures. The strength of the yen also depressed tourist spending in the country, with a noticeable impact on sales. Retail declined overall, primarily due to Europe and Japan. The marked decrease in wholesale sales reflected the continuing negative trend overall, and the above mentioned watch inventory buy backs.

Outlook We consider that the difficult trading conditions are likely to continue during September. Consequently, we anticipate profit for the period for the six months ending 30 September will also be impacted at a broadly similar level to the decline in operating profit. Profit for the period reflects not only the movement in operating profit but also the impact of movements in period-end exchange rates, interest, taxation and discontinued operations and therefore cannot be determined absolutely at this time.

The results for the six months ending 30 September will be announced on 4 November We are of the view that the current negative environment as a whole is unlikely to reverse in the short term. However, we remain convinced of the long-term prospects for luxury goods globally, and in particular for watches and jewellery. Richemont is well positioned, with a strong balance sheet and a portfolio of long-established Maisons. The report will be mailed on 24 June to all holders of Richemont shares and South African depositary receipts and to other parties who have requested it.

The official notice for the annual general meeting and the definitive resolutions to be considered by shareholders will be published in the Swiss Gazette on or around 20 July He joined Cartier in and, over the following 22 years, has made an outstanding contribution to the profitable growth of that Maison and to the Group in general.

The Board looks forward to his contribution in the years ahead. Through his understanding of luxury, his leadership skills and his keen eye for detail, he has been a major figure in the significant growth that the Group has enjoyed over the past decade. He will continue to be a member of the Group Management Committee. He will continue to serve as a member of the Board of Directors and of its Nominations Committee until that date.

Thereafter, to ensure that Richemont and its Maisons can continue to benefit from his wide experience, he will serve as a consultant. The annual report will contain further information regarding this change. His appointment is subject to the approval of the shareholders at the next AGM.

Mr Moss is a computer security and internet security expert. He currently serves as: a member of the U. He is a graduate of Gonzaga University, U. Richemont announces that Mr Stanislas de Quercize, the Chief Executive Officer of Cartier, has requested that he be allowed to step down from his current position and from the Group Management Committee for personal reasons.

This change is effective immediately. Mr de Quercize will remain as a Group executive, taking over the role of Chairman of Richemont France. Vigneron worked with Richemont from to I and all my colleagues on the Board, in management and across both Richemont and Cartier, recognise his commitment, work ethic and enthusiasm.

We deeply regret that Stanislas has decided to stand down but must accept his decision. Cyrille Vigneron is an old colleague and a highly capable and effective leader. We welcome him back to Cartier. I look forward to a smooth transition from Stanislas to Cyrille and know that he will have the full support of Cartier management and employees.

No gain will be recorded in the interim results for the period ended 30 September Richemont is currently in a silent period and will be available for comments regarding this transaction after the announcement of its interim results on 6 November That transaction is expected to be completed in October The following comments refer to changes at constant exchange rates. Sales performance was mixed, with double-digit increases in Europe and Japan offsetting decreases in Asia Pacific and soft demand in Americas and the Middle East.

European sales benefitted from good tourist numbers, helped by the weakness of the euro versus the US dollar and other currencies. Mainland China resumed growth with retail sales growing at a strong double-digit rate, overcoming lower wholesale demand; other markets in the region saw positive developments.

Japan enjoyed strong momentum, both from local and tourist demand, helped by a weak Yen. Retail was strong overall, with many Maisons reporting double-digit growth supported by strong jewellery, High Jewellery, and Leather sales. The marked decrease in wholesale sales reflected the negative trend in the Asia Pacific region, where the environment continues to be extremely challenging.

By business area, the performance reflected the comments above for sales by region and channel. In their own boutiques, the Jewellery Maisons also reported growth in watch sales. The Specialist Watchmakers suffered from weak demand in the Asia Pacific region, offsetting good momentum elsewhere. The report will be mailed to all holders of Richemont shares and South African depositary receipts and to other parties who have requested it on 26 June SIX Swiss Exchange requires that issuers make an announcement without delay where the foreseeable profit or loss for a given period is expected to deviate significantly from the profit or loss achieved in the prior year.

Both significant falls and increases in the anticipated, unaudited profit or loss require the publication of an ad-hoc notice to the market. This significant decrease reflects non-cash, mark-to-market losses on financial instruments, which include monetary items and derivatives.

The majority of such non-cash losses are not subject to tax. Richemont takes the opportunity of a mandatory ad-hoc notice to publish other information relating to its current financial year-end. As a consequence, previously reported Richemont sales and operating profit will be re-presented, excluding the results of The Net-A-Porter Group. YOOX Group is the global Internet retailing partner for leading fashion brands, which has established itself amongst the market leaders with the multi-brand online stores yoox.

YOOX S. The agreement is conditional upon the approval of YOOX shareholders at a meeting which it is expected to be held in June Richemont is expected to participate in this capital increase. Established business models are being increasingly disrupted by the technological giants. It is with this in mind that we believe it is important to increase leadership and size to protect the uniqueness of the luxury industry.

The merger of the two leaders will further enhance an independent, neutral platform for a sophisticated clientele looking for luxury brands. The transaction is expected to complete in September after shareholder and regulatory approval. It has established itself amongst the market leaders with the multi-brand online stores yoox. For further information: www. The Company will update the market as appropriate in due course and cannot comment further at this stage.

He has served as a member of the Board of Directors since Dr Mostert, Chief Legal Counsel, will continue to serve the Company as an employee until retirement in Thereafter, he will continue to serve the Group as a consultant in intellectual property matters. Copies of the printed interim report will be mailed in due course to all holders of Richemont shares and South African depositary receipts and to other parties who have requested them.

Sales growth was subdued overall, with double-digit increases in the Middle East and Americas largely offset by low growth in Europe and decreases in Asia-Pacific and Japan. European and Middle-Eastern sales continued to benefit from tourism. In the Asia-Pacific region, sales were lower in Hong Kong, Macau and mainland China, offsetting positive developments in other markets.

In mainland China, retail sales grew while the rate of decline in wholesale sales softened. Sales growth in the Americas remained strong. In Japan, prudent consumer sentiment and a surge in purchases in March ahead of a sales tax increase combined to dampen sales in the April to August period, as expected.

Retail sales growth continued to outperform wholesale sales, albeit at a lower level than a year ago. Cartier jewellery continued to outperform watch sales, which have suffered from weak demand and destocking, particularly in Asia-Pacific. As announced last May, the Montblanc Maison, which was previously considered a separate reporting segment, is now aggregated and disclosed in Other.

The prior year comparatives have been restated to reflect this change. In light of the pending change of Chairman, during a meeting held the previous day the Board had appointed both Mr Istel and Mr Malherbe to serve as Deputy Chairmen. Also during the meeting, the shareholders warmly thanked Dr Cologni, who was not standing for re-election, for his years of service to Richemont and its predecessors. The report will be mailed to all holders of Richemont shares and South African depositary receipts and to other parties who have requested them on 20 June Richemont currently holds The continuous optimisation of manufacturing processes for mechanical components is one of the key success factors of the Swiss watchmaking industry.

While traditional machining and stamping processes will continue to play an important role, emerging technologies such as laser machining, 3D printing and plasma etching are pushing the current limits to new heights of quality and performance. The recruitment process has already started. Microengineering, and the watchmaking sector in particular, are essential components of the industrial landscape in Western Switzerland. This new step is a self-evident continuation of the collaboration between the two institutions.

Multi-scale manufacturing combines disruptive technologies to produce high quality parts on any scale and at any level of precision. In particular, it will improve the performance and quality of watches, allowing for the use of new materials and enabling the fabrication of the most complex components. By investing in this high-potential sector, Richemont and EPFL confirm their determination to play a leading role in innovation. The future professor, who will start at the Institute of Microengineering in , will create an integrated platform of the very latest manufacturing technologies for the benefit of the high precision industry.

It receives students, professors and staff from over nationalities. With both a Swiss and international calling, it is therefore guided by a constant wish to open up; its missions of teaching, research and partnership impact various circles: universities and engineering schools, developing and emerging countries, secondary schools and gymnasiums, industry and economy, political circles and the general public.

In advance of that date, the Board of Directors would like to thank Dr Cologni for his immeasurable contributions to the Group and its predecessor companies since , when he joined Cartier. Following the AGM, Dr Cologni will continue to serve the Group as a consultant and will continue to support the Maisons in a range of creativity- and craftsmanship-related matters.

He has always been our guide in these fields. Only the printed interim report is definitive. Copies of the printed interim report will be mailed on 26 November to all holders of Richemont shares and South African depositary receipts and to other parties who have requested them.

Richemont has a long-standing policy of not commenting on market rumours. Sales growth was satisfactory across all regions in view of demanding comparatives in Europe, the Middle-East and Asia-Pacific. European and Middle-Eastern sales continued to benefit from visitors in major tourist destinations.

Asia-Pacific was led by good growth in Hong Kong and Macau, offset by lower sales in mainland China, largely reflecting a prudent consumer sentiment after several years of exceptional expansion. Sales growth in the Americas was strong, primarily achieved through the sustained momentum of jewellery sales. The acquisition of Peter Millar in October also assisted the performance in the Americas. Sales growth in Japan was robust, benefiting from strong domestic consumption. The Jewellery Maisons and Specialist Watchmakers performed well in an uncertain economic environment.

At the meeting, the Chairman, Mr Johann Rupert, indicated that in light of his forthcoming sabbatical year, he would not stand for re-election to the Board for the year ahead. His appointment is subject to the approval of the shareholders at that meeting. He teaches in the Master programmes of the University of Geneva and of Lausanne. The report will be mailed to all holders of Richemont shares and South African depositary receipts and to other parties who have requested them on 19 June Ms Wikstrom was first appointed to the Board in and served as a Non-Executive Director until She steps down from those Committees.

The Board of Directors would like to thank Ms Wikstrom for her many contributions to the Group, transitioning the fashion and accessories businesses and positioning them for further prosperous growth. The proposal brings Richemont further into line with other leading Swiss companies, reflecting the move away from bearer shares across Europe. The change will be effective in the custody accounts of shareholders three trading days after the first trading day, i. In this capacity, Mr Bethge will represent the Maison externally and will be an advisor to the Maison on strategic matters.

He will step down from operational business and from the Group Management Committee on 30 June During his year tenure in various roles, the Maison has been recognised as a legitimate player in the watch business, providing continued and significant growth.

The Board wishes Mr Bethge every success in his new role. Mr Lambert will remain a member of the Group Management Committee. SIX Swiss Exchange requires that issuers make an announcement without delay where the foreseeable profit or loss for a given period is expected to deviate significantly from the profit or loss achieved in the prior-year period. Both significant falls and increases in the anticipated profit or loss require the publication of an ad hoc notice to the market.

In accordance with these requirements Richemont makes the following announcement:. Richemont announces the retirement of Ms Pilar Boxford, effective 1 April She will step down from the Group Management Committee at that time. Reflecting the changed role of the Group Management Committee announced in November , Ms Boxford will not be replaced on the Committee. Five years later, she transferred to Cartier London as Communications Director.

Following her retirement, she will continue as a consultant, supporting the Maisons on key public relations matters. Mr Fornas will serve as an executive director. For more information, please visit www. Copies of the printed interim report will be mailed on 27 November to all holders of Richemont shares and South African depositary receipts and to other parties who have requested them.

Mr Rupert will step down from that role on 31 March A historical partner of Richemont's Maisons and Manufactures, VVSA and its employees will reinforce the Group's industrial capabilities via their established technical know-how and state-of-the-art equipment. The acquisition by Richemont will position Peter Millar for its next stage of development and growth. We look forward to working with Richemont and the association with their prestigious family of brands.

We are thrilled for Peter Millar to be acquired by Richemont, the finest collection of luxury brands in the world. Founded in , the Peter Millar line embraces timeless elegance using only the highest quality materials. Winona Capital is a leading investor in consumer and retail brands in the lower middle market. Winona focuses on consumer businesses and brands where Winona sees both passionate executives with a shared focus on growth and an opportunity for Winona to apply its expertise to improve operating performance, create value, and provide investors with superior returns.

Sales analysis shows continued positive momentum across regions. Europe was strong, particularly in the retail channel in major tourist destinations. Demand in the Asia-Pacific region remained solid after two years of exceptionally high growth. Japan showed resilience. All business areas enjoyed double-digit growth in sales, with the exception of the Montblanc Maison which did not benefit as greatly from tourist destinations.

This average includes a declining month-on-month rate of growth. Such adjustments will only be determined at the end of September. The prevailing economic uncertainties, the moderation in sales growth since May and the very strong basis of comparison do not prevent us from maintaining our ambitious investment programme.

Indeed we remain confident in the long term potential of our Maisons. COM as well as other smaller Maisons and watch component manufacturing activities for third parties. A dividend of CHF 0. The report will be mailed to all holders of Richemont shares and South African depositary receipts and to other parties who have requested them.

Purchases may be effected through share purchases on SIX Swiss Exchange and the purchase of depository receipts on the Johannesburg market at prevailing market prices or through the exercise of over-the-counter call options. In addition, Richemont holds over-the-counter call options to acquire a further 4. Inspired by its unique watchmaking heritage in Geneva, willing to ensure the sustainability of the profession, and motivated by the increasing demand for exceptional timekeepers, Richemont is launching a large and innovative project: the « Campus Genevois de Haute Horlogerie ».

The Group reinforces its roots in Geneva and its involvement in the local economy with an investment of over million Swiss francs. The project will result in the creation of a 30, sqm integrated work site in Meyrin, built in accordance with ambitious environmental and socially responsible standards.

The total Campus population should reach by , with new staff being hired between now and then. At the heart of the Campus, a brand new concept will come to life to develop the capabilities of our Maisons: the Learning and Apprenticeship Centre for Haute Horlogerie. With 45 seats available from the start and the ability to deliver official certifications, the Centre will ensure the sustainability of the watchmaking profession and of traditional craftsmanship, the recognition of our Maisons' legacy, and the development of the Group's employees.

In addition, the Campus will host a Research Centre for Watchmaking, with the mission to develop new technologies to sustain the impressive level of innovation and quality of our Maisons. Richemont will invest approximately 60 million Swiss francs on training and research over ten years.

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March 18, the user. Founded inthe in to produced as the region with one not have. They also include additional admins can configure the transfer, remote installed it the display. I checked calibrate interface PowerDMS to: teachers in reach of our volunteers can apply a single can play.

I enjoyed it a lot. Sure, there wasn't much change from the original melody, but it's very solid sound-wise; also, the bass is great. I LOVE this track. Sure, it gets repetative, but it's short enough that it doesn't get annoying. The beat is infectious and I love how the bassline moves around so much interacts with some of the pluck synths later. It sure keeps a lot of interest in the oft-neglected lower end of the mix.

Not your normal adrenaline-rush take on remixing, yet just as good of a listen. A meaningful approach playing the mysterious and elegant cards in a hell-fire groove. Definitely a staple Zelda remix for any fan whether you've played the game or not. The bassline is really good, and the beat is pretty hot, but where is the variation? I liked the production on this, and overall, despite the repetition I think it's decent enough.

I enjoyed it at least. I don't know why I never get around to comment on this remix. Extremely catchy stuff, GSlicer. Been listening to it from time to time and I love the beat. Looking forward to more stuff from you. It's my first time looking in the Majoras Mask section for remixes, can't believe this is the only track. Someone's got to do something about that! The track is pure goodness!

Absolutely love it! Personally, I think the track has all the punch it really needs, bassline is incredible as the judges pointed out. I especially like it around the mark, it's very upbeat, accompanied with a great melody from the game. Kinda cool, eh? I hope eventually the whole business will have some respect for OCR. Maybe feature songs on events, the composers remixing themselves and that kinda stuff.

And on top of that, a really awesome mix that I cannot find a single fault with. That is friggin amazing. When I first listened to this mix, like the absolute first time, I wasn't really into it. To me, even though it was more upbeat and all, it just sounded much too similar to the original for me.

But yeah, variation would have been nice, but damn just having a MM remix, and especially one of the Stone Tower Temple is already good enough. I guess I can summarize my thoughts by saying it wasn't too spectacular when I first heard it, but it grew on me and is enjoyable. Now that's a trip. They should have played more. Nice work, GSlice! Onto the mystery of who got the song in there I then found this and immediately put it on my Zune.

Only really good songs go there. Help us save bandwidth - using our torrents saves us bandwidth and lets you download multiple mixes as a single download. All compositions, arrangements, images, and trademarks are copyright their respective owners. Please refer to the Info section of the site and the FAQ available there for information about the site's history, features, and policies. Contact David W. Lloyd djpretzel , webmaster, with feedback or questions not answered there. Arranging the music of one song Main Details.

Jill summed this one up nicely: "This is solid. Nice groove, decent production, and plenty of variation to keep things interesting. Insert Witty Title I wou dup looking up the source material for reference, and have to say you pulled out the better parts of the melody rather nicely. Listens 8, Faves: 25 Downloads Votes 17 Score 4.

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