Richemont, the world's second biggest luxury goods company, is offering a blueprint for how to build an online retail empire. However one man claims he has a solution, if not the solution: Richemont chairman Johann Rupert, with a set of revolutionary changes in his international operations. Chairman Johann Rupert's decision to gain full control of Yoox Net-a-Porter, ahead of a partnership with Alibaba, has given Richemont a digital-savvy footing in its key Chinese market. The Asia-Pacific region makes up 40% of Richemont's total revenue, while jewellery is behind 60% of sales and two thirds of profit.
Richemont, the world's second biggest luxury goods company, is offering a blueprint for how to build an online retail empire. Chairman Johann Rupert's decision to gain full control of Yoox Net-a-Porter, ahead of a partnership with Alibaba, has given Richemont a digital-savvy footing in its key Chinese market. The Asia-Pacific region makes up 40% of Richemont's total revenue, while jewellery is behind 60% of sales and two thirds of profit.