Dec 09 2008
New boss for Ralph Lauren/Richemont venture
Ralph Lauren Watch and Jewelry Co, the joint venture between Richemont and Polo Ralph Lauren, is about to get a new CEO in the form of Guy Châtillon, an old hand in luxury goods circles.
The 50:50 joint venture was set up in the middle of last year and is based in Geneva, Switzerland.
In New York the first freestanding Officine Panerai watch store opened its doors. Richemont is busy rolling out a worldwide chain of freestanding Panerai watches. It already has five. Another seven will open their doors before the end of next year. To see where, go here.
No fear for financial crises here…