Richemont reports annual profits down 67% to € 931 millions

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Richemont, who reported annual profits down two thirds on Friday, said it saw strong demand in China but said it expected overall turmoil in the coming months due to

Condé Nast lays off 100 staffers and furlough 100 others

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Faced with the economic fallout from Covid-19, the media giant is running out of steam. After implementing pay cuts in mid-April, the American magazine publisher Condé Nast has just

Tod’s sales dropped nearly 30% in the first quarter

[vc_row njt-role-user-roles=”administrator,armember”][vc_column][vc_column_text] Affected by the lockdown in its main markets, the Italian luxury shoemaker Tod’s saw its sales fall by 29.4% in the first quarter of 2020. After some signs of recovery