R

Richemont

Luxury-goods holding company acquiring maisons

Europe Managing Director

Full-TimePosted on 10/19/2026
No salary listed
Expert
Master's
Paris, France
Hybrid
Business & Strategy

About the job

Requirements
  • A Master's degree in Management or Business Administration is required.
  • At least 10 years of experience in the luxury fashion industry is required, including P&L responsibility in a retail and omnichannel environment.
  • A deep understanding of the European market is required.
  • The candidate must be entrepreneurial and client-oriented, with the capability to identify business opportunities.
  • The candidate must have a strategic mindset and be capable of initiating and leading transformation.
  • The candidate must be a caring and demanding leader.
  • Excellent communication skills and experience working in a matrix organization are required.
  • Strong fashion flair and affinity for luxury are required.
  • English is mandatory.
Responsibilities
  • Develop and improve Chloé's performance and business in Europe in line with the global strategy, accelerating growth, brand visibility and desirability, building a retail-driven culture, and attracting and developing local clientele.
  • Represent Chloé as the Maison's ambassador with clients, partners, and the press, and build a strong team and organization in partnership with headquarters and Richemont local support functions.
  • Determine sales and distribution strategies for Europe in line with the Maison's global strategy.
  • Grow market share, identify opportunities for brand elevation, and monitor competitive activity and take appropriate action.
  • Create annual and seasonal sales plans and be accountable for objectives across all channels.
  • Establish retail and wholesale key performance indicators and targets, develop a strong client portfolio, and ensure the highest level of service.
  • Ensure Maison standards and policies are respected and collaborate with Richemont teams on real estate topics.
  • Set a client strategy for each level of the client pyramid with headquarters: recruit new Explorer clients; define clienteling campaigns and develop an appointment culture for Repeaters; and recruit and curate the very important client segment to reach 30% of total business.
  • Define the communication strategy and supervise its operational implementation.
  • Develop client activation and retail animation programs in line with defined budgets and resources.
  • Ensure visual merchandising guidelines are implemented according to brand guidelines and represent the brand at press, public relations, and other events.
  • Build a buying strategy with headquarters in line with market needs, maintain sell-through efficiency, and prioritize business potential.
  • Participate in recruiting, hiring, onboarding, and developing team members.
  • Conduct annual appraisals and set quantitative and qualitative key performance indicators.
  • Demonstrate leadership, grow employee engagement, and define development plans.
  • Take direct responsibility for the local brand profit and loss.
  • Prepare seasonal and annual budgets and forecasts according to brand and Richemont guidelines, provide updates as needed, and keep the brand informed about regional sales and significant market trends.
  • Be accountable for accounts receivable follow-up and clearance.
  • Manage retail leases and retail operating costs.
Desired Qualifications
  • French and/or Italian language skills are appreciated.

About the company

R

Richemont

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Richemont is a Swiss-based holding company that owns a collection of luxury brands, including Cartier, Van Cleef & Arpels, Jaeger-LeCoultre, and IWC Schaffhausen. It operates by acquiring and nurturing iconic luxury maisons with rich histories, then leveraging their heritage to create premium jewelry, watches, and accessories sold worldwide through its brands and retail networks. Unlike diversified conglomerates that mix many non-luxury businesses, Richemont focuses exclusively on high-end goods and has deliberately shifted away from other interests (like tobacco) to sharpen its luxury focus. Its goal is to build a global luxury powerhouse by growing its brands, expanding across geographies, and maintaining control over premium product sourcing, design, and distribution.

Company Size

10,001+

Company Stage

IPO

Headquarters

Bellevue, Switzerland

Founded

1988

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Simplify's Take

What believers are saying

  • Richemont posted 20% constant-currency sales growth in Q1 FY2027, driven by jewellery.
  • The July 2026 buyback launch and €9.1 billion net cash strengthen shareholder returns and flexibility.
  • Scandicci’s €12 million expansion adds capacity, hires 300 workers, and deepens vertical integration.

What critics are saying

  • China retail sales rose 0.4% in August 2026, and Richemont depends heavily on that market.
  • Specialist Watchmakers remain weaker than jewellery, exposing Richemont to category imbalance if demand softens.
  • Cartier carries the profit engine; any prolonged slowdown there would hit cash flow and valuation fast.

What makes Richemont unique

  • Cartier, Van Cleef and Buccellati give Richemont unparalleled jewellery pricing power.
  • Richemont controls craftsmanship-heavy Maisons and in-house leather production, including Scandicci’s expanded PRF site.
  • Family control under Johann Rupert supports long-term succession and capital allocation discipline.

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Benefits

  • Meal Benefits
  • Performance Bonus

Growth & Insights and Company News

6 month growth

-1%

1 year growth

0%

2 year growth

2%
The Northern Miner
Oct 15th, 2026
Cartier owner weighs De Beers bid with Signet.

Cartier owner weighs De Beers bid with Signet. Cartier owner Richemont and U.S. jewellery retailer Signet Jewelers (NYSE: SIG) are discussing joining a consortium bidding for Anglo American's (LSE: AAL) controlling stake in De Beers, Reuters and Bloomberg reported Thursday. Anglo is selling its 85% holding in the diamond producer, with Botswana owning the rest. A potential deal has been reported at about $1 billion (C$1.43 billion), below De Beers' $2.3-billion carrying value following three writedowns in as many years. The business recorded a $511-million underlying loss before interest, taxes, depreciation and amortization on revenue of $3.5 billion last year, Anglo's results show. The prospective investors are discussing joining Global Diamond Consortium, led by former De Beers CEO Gareth Penny. Talks involving Richemont are advanced, although there's no guarantee it will join, Bloomberg reported. The size of either company's potential investment hasn't been disclosed. Their participation would bring major sellers of finished jewellery into the ownership of a struggling supplier of rough diamonds. De Beers has faced weaker Chinese demand and competition from lab-grown stones, while an investment would give the retailers greater influence over their natural-diamond supply chain. Signet and De Beers already launched a joint marketing campaign in 2024 to promote natural diamonds to younger U.S. couples. Bidders. Global Diamond Consortium emerged as the preferred bidder in July, according to Botswana's government. The group includes participation from the governments of Namibia and Angola and diamond manufacturers. It's nearing an agreement that could increase Botswana's holding to about 25%, Bloomberg reported Tuesday, citing people familiar with the matter. Reuters said it couldn't independently verify that report. Botswana remains central to any transaction because it holds a right of first refusal and hasn't said whether it will exercise it. The country supplied about 70% of De Beers' rough-diamond production last year. A presidency spokesperson said Tuesday the government wouldn't comment until a transaction had been concluded and signed, Reuters reported. Officials said this summer they expected completion in the fourth quarter. Richemont, controlled by South African billionaire Johann Rupert, owns Cartier, Van Cleef & Arpels and watchmaker Vacheron Constantin. Signet's brands include Kay, Zales, Jared and Canada's Peoples Jewellers. Investment by jewellery interests in mining isn't unprecedented: Graff Investments holds 15% of Gem Diamonds (LSE: GEMD), which operates Lesotho's Letšeng mine. Anglo put De Beers up for sale in May 2024 as part of a broader restructuring after fending off BHP's (ASX: BHP) takeover approach. Independent diamond analyst Paul Zimnisky told MINING.COM earlier this year that a buyer with sufficient capital and strong execution could revive the business, with the loss of competing independent producers and sanctions on Russian diamonds strengthening its longer-term supply position.

The Edge Media Group
Oct 15th, 2026
Cartier-owner Richemont in talks to join bid for diamond giant De Beers - Reuters

Cartier-owner Richemont in talks to join bid for diamond giant De Beers - Reuters. 15 Oct 2026, 06:19 pm LONDON/JOHANNESBURG (Oct 15): Swiss luxury group Richemont is in talks to join a consortium bidding for De Beers, the diamond miner being sold by Anglo American and valued at about US$1 billion (RM4.1 billion), a person familiar with the matter said. A deal would give Cartier owner Richemont greater influence over a key part of its supply chain as the diamond industry emerges from a prolonged downturn. Bloomberg News earlier reported the talks, citing people familiar with the matter. Richemont was not immediately available for comment. Anglo American declined to comment. According to the Bloomberg report, Richemont, which also owns jeweller Van Cleef & Arpels, is discussing joining the Global Diamond Consortium, a group led by former De Beers chief executive Gareth Penny. Any bid for De Beers would also depend on Botswana, which has a first right of refusal, but has yet to say whether it intends to exercise that option. A spokesperson for Botswana's presidency said on Tuesday the government would not comment until a transaction had been concluded and signed. Officials said this summer a deal was likely to be completed in the fourth quarter of 2026. Anglo put De Beers up for sale in May 2024 as part of a broader restructuring, after falling diamond prices and growing demand for synthetic stones hit the industry. De Beers has mining and exploration operations in Botswana, Namibia, Angola, South Africa and Canada. The Bloomberg report said negotiations were advanced, though there was no guarantee Richemont would join the consortium. US jewellery retailer Signet could also join the bid, Bloomberg said. Signet did not immediately reply to a request for comment. Uploaded by Magessan Varatharaja

The Business of Fashion
Oct 15th, 2026
What saint Laurent's next designer should understand.

What saint Laurent's next designer should understand. Luxury giant Richemont and US retailer Signet Jewelers Ltd. are in talks to join a consortium that's in prime position to buy diamond miner De Beers, according to five people familiar with the matter. Saint Laurent's legacy is less a collection of codes than a way of seeing women and the world. Vaccarello's successor should look beyond iconic images and silhouettes to the convictions that shaped them, argues biographer Laurence Benaïm. The country has a massive domestic market and unique authority in hair and body care. Now it needs to stoke interest around the world. A subtle and contemporary Chinese-inflected aesthetic has long made the designer's label the star of Shanghai fashion week. After over a decade in business, he's finally ready for growth.

cash.ch
Sep 15th, 2026
"That would lead to the lowest growth since Corona" - Swatch and Richemont shares under pressure after China data.

"That would lead to the lowest growth since Corona" - Swatch and Richemont shares under pressure after China data. Richemont and Swatch shares fall on Tuesday. Disappointing retail data from China weigh on the entire sector. 15.09.2026 03:15 Prices of luxury goods shares are under pressure on Tuesday morning. Shares of industry leader LVMH fall by more than 2.6 percent to 406.55 euros. This immediately snuffs out the tentative stabilization attempt from the previous day. Shares of the luxury goods group are now at a price level last seen six years ago. Alongside European competitors such as Hermès (-2.1 percent), Dior (-2.1 percent) or Brunello Cucinelli (-1.3 percent), Swiss sector representatives Richemont and Swatch are also declining. Richemont sheds more than 2.5 percent to 168.70 francs, Swatch falls around 2.1 percent to 171.95 francs. Richemont is thus at a three-month low. Swatch shares have almost completely given back their price gains of more than 12 percent since the end of July. Triggers for the setback, besides the weak overall market, are disappointing retail data from China. These fell well short of expectations and, according to Barclays, are at the lowest level since the coronavirus pandemic. Disappointing Chinese retail sales and falling estimates. In August, Chinese retail sales rose only 0.4 percent year on year - economists had expected 0.8 percent. "That would lead to the lowest growth since Corona," says one trader, referring to a Barclays study. The bank lowers its full-year growth forecast after the new data from 3.7 percent in 2025 to only 1 percent. "Demand from Chinese customers is 'the' topic in luxury," emphasizes another market participant. For around a third of the sector's revenue depends on consumers in the Middle Kingdom. The latest earnings revisions by analysts for Swatch and Richemont reflect this setback. Over the past three months, experts lowered the forecast for earnings per share growth at Swatch from minus 10 percent to minus 11 percent. For Richemont, they still expect a plus of 9.2 percent, down from 11.4 percent previously. Because of the higher growth, more analysts favor Richemont shares. For example, 14 of 20 experts recommend buying the Geneva group's shares, only one recommends selling. At Swatch, however, the picture is the opposite. Here only two of 17 analysts advise buying, nine recommend holding and six selling. The average price target for Swatch is around 1.9 percent below the current price level, while for Richemont it is almost 25 percent above it. Richemont's half-year figures on November 13, 2026, and Swatch's annual figures in January 2027 are likely to provide further indications of the development of the core business. In addition, the data provide important insights into the state of Chinese consumers. Even earlier, LVMH's quarterly results are on the agenda - the industry leader will publish its third-quarter results on October 9 after the close of trading.

GlobeNewswire
Sep 9th, 2026
Richemont announces the appointment of a Non-executive Co-Deputy Chairman of its Board of Directors.

Richemont announces the appointment of a Non-executive Co-Deputy Chairman of its Board of Directors. AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 9 SEPTEMBER 2026 RICHEMONT ANNOUNCES THE APPOINTMENT OF A NON-EXECUTIVE CO-DEPUTY CHAIRMAN OF ITS BOARD OF DIRECTORS The Board of Compagnie Financière Richemont SA ('Richemont') appoints Mr Anton Rupert as Non-executive Co-Deputy Chairman of the Board, serving alongside Mr Bram Schot, Non-executive Co-Deputy Chairman. Following the meeting of the Board of Directors on 8 September, Richemont is pleased to announce the appointment of Mr Anton Rupert as Non-executive Co-Deputy Chairman of the Board of Directors, with immediate effect. He will serve alongside Mr Bram Schot, who was appointed Non-executive Deputy Chairman in 2024 and who will continue in his role as Non-executive Co-Deputy Chairman. The two Non-executive Co-Deputy Chairmen will have complementary remits. Mr Anton Rupert will oversee matters relating to the Maisons' Strategic Product and Communications Committee (SPCC), ensuring continuity in an area of central importance to the Group's creative and commercial direction. Mr Bram Schot will assume responsibility for Board and Committee-related governance matters, including the coordination of the Board's committees and the Group's corporate governance framework. This division of responsibilities reflects the Board's commitment to robust governance and to ensuring that both the Group's strategic priorities and its governance obligations receive dedicated attention at Non-executive Co-Deputy Chairman level. Commenting on the appointment, Mr Johann Rupert, Chairman of Richemont, said: "This appointment is an important step in the Board's long-term succession planning. Richemont's strength has always rested on the continuity that comes from close family involvement, on rigorous governance, and on an unwavering commitment to creativity and craftsmanship. Having Anton and Bram serve together as Non-executive Co-Deputy Chairmen ensures that each of these foundations is given the attention it deserves: Anton will continue to safeguard the creative and product priorities that define our Maisons, while Bram will ensure that our governance remains of the highest standard. Together they reflect what has always guided this Group - a long-term view, a respect for the people and savoir-faire behind our Maisons, and the discipline to steward them responsibly for the generations to come." About Richemont At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their creativity and craftsmanship. Richemont's ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term. Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier, Van Cleef & Arpels and Vhernier; Specialist Watchmakers with A. Lange & Söhne, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, Chloé, Delvaux, dunhill, G/FORE, Gianvito Rossi, Montblanc, Peter Millar, Purdey, Serapian as well as TimeVallée and Watchfinder & Co. Find out more at https://www.richemont.com/. Richemont 'A' shares are listed on the SIX Swiss Exchange, Richemont's primary listing, and are included in the Swiss Market Index ('SMI') of leading stocks. Richemont 'A' shares are also listed on the Johannesburg Stock Exchange, Richemont's secondary listing. Investor/analyst and media enquiries