Sunday, November 15, 2020

Richemont Needs a Transformational Move

Elizaveta Porodina, From Clinical Psychology to Fashion Photography

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DDNL | FT | Nov 16-17 | 2020

THE UPFRONT

Dear BoF Community

In the game of luxury goods, Richemont may need a transformational move. The conglomerate has long lagged rivals LVMH and Kering. Now, LVMH's Tiffany deal puts the Swiss group under pressure in hard luxury, adding to its challenges in fashion and e-commerce. Last week, Richemont announced an unexpected alliance with Farfetch and Alibaba that could change the game in online luxury. Is it enough? And what other moves does Richemont chairman Johann Rupert have left to play? Plus, the painterly image-maker Elizaveta Porodina traces her journey from clinical psychology to fashion photography.

Vikram Alexei Kansara, Editorial Director

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