Leathergoods rumoured to be on the chopping block at Richemont

24/09/2013

Swiss luxury goods group Richemont has hired investment bank Nomura to advise on a possible sale of luxury leathergoods brand Lancel, according to Bloomberg. The sale could raise about EUR 500 million, according to the reports. The group in May reported rapidly declining sales in its leathergoods brands. This goes against the trend of high-end ...