Latest news with #Richemont
IOL News
12 hours ago
- Business
- IOL News
Africa's billionaires: Who are the richest in 2025?
Africa's 22 billionaires saw their combined fortunes surge to a record $105 billion (R1.9 trillion) this year, up from $82.4bn held by 20 individuals last year, the Forbes 2025 Africa billionaires report showed. Here's the top five on the list Aliko Dangote - Nigerian industrialist Aliko Dangote is the founder and president/chief executive of the Dangote Group, the largest conglomerate in West Africa, which includes Dangote Cement, a subsidiary of the Dangote Group, is the largest cement producer in Africa. He remains Africa's wealthiest person for the 14th consecutive year. His net worth surged to an estimated $23.9 billion, driven significantly by Forbes now valuing his massive Dangote Refinery near Lagos. The refinery, operational after lengthy delays, is key to Nigeria's shift from fuel importer to exporter. Dangote, ranked among the world's top 100 richest, calls the project pivotal for Africa's self-sufficiency. Johann Rupert and family - South African luxury goods magnate Johann Rupert holds firm as Africa's second-richest billionaire. His fortune climbed 39% to $14 billion, largely reflecting the rebound in shares of Richemont, the luxury group he chairs and controls through family holdings. Richemont, owner of brands like Cartier, benefited from strong global demand for high-end jewellery and watches, cementing the Rupert family's dominant position in the sector.
Bloomberg
2 days ago
- Business
- Bloomberg
Stock Movers: Whitbread, Hays, Watchmakers
On this episode of Stock Movers: -Whitbread reported comparable sales for the first quarter of -1%. - Hays slumps as much as 20%, the most in nine years, sending the staffing firm's shares to their lowest since October 2008. The company released an unscheduled update, saying that current tough market conditions would persist into FY26, with permanent recruitment activity levels especially weak. - European luxury stocks drop, led by Richemont and Swatch, after a report showed Swiss watch exports fell 9.5% in May, driven by US downturn following a strong month of April.
Yahoo
05-06-2025
- Business
- Yahoo
Richemont publishes FY25 Annual Report and Non-Financial Report
5 JUNE 2025 RICHEMONT PUBLISHES FY25 ANNUAL REPORT AND NON-FINANCIAL REPORT Richemont has today published its combined Annual Report and Accounts with the Business review, the Compensation Report and the Corporate Governance Report, along with its Non-Financial Report, for the year ended 31 March 2025. The Annual Report and Accounts, which includes the Chairman's review to shareholders, the annual consolidated and statutory financial statements, and the corresponding audit reports was already published on 16 May 2025. The Non-Financial Report 2025, prepared in accordance with the Global Reporting Initiative (GRI) Standards (2021), provides Richemont's disclosures on non-financial matters. The report complies with the reporting disclosure required by Articles 964a-c of the Swiss Code of Obligations, including the Swiss Ordinance on Climate Disclosures. Selected disclosures and indicators have been independently assured (limited assurance) by PricewaterhouseCoopers SA (PwC). Both reports are available for download on the Company's website at and Hard copies will be mailed to parties who have requested it and may also be obtained from the Company's registered office at the address below or by contacting the Company via the website at In South Africa, the Annual Report and Non-Financial Report may be obtained directly from the Depository Agent at the following address: Computershare Investor Services Proprietary Limited, Rosebank Towers, 15 Biermann Avenue, Rosebank, Johannesburg, 2196, South Africa. About Richemont At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. 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, Baume & Mercier, 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 Watchfinder & Co. Find out more at 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 listed on the Johannesburg Stock Exchange, Richemont's secondary listing. Investor/analyst and media enquiries+41 22 721 3003 (investor relations) 22 721 3507 (media)pressoffice@ Click here for a printer-friendly version in English (PDF)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fashion Network
04-06-2025
- Business
- Fashion Network
Cartier reports some customer data stolen in cyberattack
Cartier, the luxury jewelry company owned by Richemont, had its website hacked and some client data stolen, it told customers, according to an email seen by Reuters. The company, whose watches, necklaces and bracelets have been worn by Taylor Swift, Angelina Jolie and Michelle Obama, said 'an unauthorized party gained temporary access to our system.' 'Limited client information,' such as names, email addresses and countries, had been obtained, said Cartier in the email sent to customers on Tuesday. 'The affected information did not include any passwords, credit card details or other banking information,' Cartier said, adding it had since contained the issue. The company said it had further enhanced the protection of its systems and data, as well as informed the relevant authorities, and was also working with 'leading external cybersecurity experts.' Cartier did not immediately respond to a request for comment. The attack is the latest case of a company being targeted by cybercriminals. British retailer Marks & Spencer said last month a 'highly sophisticated and targeted' cyberattack in April will cost it about 300 million pounds ($405 million) in lost profits. According to Le Monde newspaper, French luxury house Dior, owned by LVMH, also reported last month that hackers had stolen data from its customers but insisted no financial data was involved. Fashion brand The North Face, owned by VF Corporation, has also emailed some customers, saying it discovered a 'small-scale' attack in April this year. The company told customers the hackers used 'credential stuffing,' trying usernames and passwords stolen from another data breach in the hope customers have reused the credentials across multiple accounts, the BBC said on Tuesday. London department store Harrods also said last month that hackers had attempted to break into its systems, following incidents at Marks & Spencer and the Co-op Group.
India Today
03-06-2025
- Business
- India Today
Cartier confirms client data stolen in cyberattack
Luxury jeweller Cartier, owned by Swiss conglomerate Richemont (CFR.S), has confirmed a cybersecurity breach in which client data was stolen, according to an email seen by news agency whose watches, necklaces, and bracelets have been worn by celebrities like Taylor Swift, Angelina Jolie, and Michelle Obama, said "an unauthorised party gained temporary access to our system.""Limited client information", such as names, e-mail addresses and countries, had been obtained,' the company said. 'The affected information did not include any passwords, credit card details or other banking information," it The breach exposed customer names, email addresses, and countries of residence but did not compromise passwords, financial, or banking details. Cartier assured customers that the issue has since been contained and that system security has been strengthened with the help of external cybersecurity experts. Authorities have also been incident is the latest in a growing wave of cyberattacks targeting major retail and fashion brands. Other recent victims include:- Victoria's Secret (VSCO.N), which temporarily shut down its website last week due to a security incident. The US lingerie brand said the event did not affect Q1 financial results but may lead to higher costs in Q2.- Marks & Spencer (MKS.L) disclosed a "highly sophisticated and targeted" April attack, estimating a 300 million ($405 million) impact on profits.- The North Face, owned by VF Corp (VFC.N), reported a "small-scale" breach involving credential stuffing, where hackers reuse stolen login credentials from other Harrods and the Co-op Group also reported attempted intrusions in recent Cerniauskas, CEO of web intelligence firm Oxylabs, commented that the Cartier breach underscores how no brand is immune, with attackers increasingly focused on harvesting valuable personal data beyond just payment cyberattacks on retailers become more frequent and sophisticated, companies are being urged to bolster their digital defenses to protect customer trust and sensitive inputs from ReutersMust Watch
