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Anton Rupert will oversee the strategic product and communications committee and serve alongside fellow nonexecutive co-deputy chairman Bram Schot.
Cartier owner Richemont on Wednesday named Anton Rupert, son of Chairman Johann Rupert, as non-executive co-deputy chairman of its board of directors, in a move the luxury goods group described as part of its succession planning.
Investors looking for stocks in the Retail - Jewelry sector might want to consider either Signet (SIG) or Compagnie Financiere Richemont AG (CFRUY). But which of these two stocks presents investors with the better value opportunity right now?
Compagnie Financière Richemont SA delivered strong Q1 2027 results, led by accelerating Jewellery growth and broad-based sales strength. Jewellery Maisons drove ~89% of sales growth, achieving a seventh consecutive quarter of double-digit gains across all regions and channels. Specialist Watchmakers returned to growth, with momentum supported by refreshed established collections and improving performance across multiple Maisons.
The Jewelry Maisons segment posted 24% organic growth, reinforcing Richemont's position as the luxury outlier. CFRUY continues to benefit from jewelry's stronger perceived value, Cartier's broader accessible product range, and a recovery in Chinese demand. A moderation in gold prices should gradually reduce input-cost pressure and support gross-margin recovery, with further upside from operating leverage and a more favorable product mix.
The luxury company that owns Cartier reported a 20% increase in sales year-on-year, boosting its stock.
Swiss luxury giant Richemont reports a 20% jump in first quarter sales, topping forecasts and lifting shares across the sector. Charlotte Reed breaks down what's driving the results.
Sales at the luxury group rose 20%, bolstered by its jewelry business and despite a volatile market for the sector.
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