Richemont Names Nicolas Bos as CEO Amid Record Sales

Despite slowing growth in Asia-Pacific, Richemont reports record full-year sales and appoints Nicolas Bos to lead the company.

Richemont achieved record full-year sales of €20.62 billion, up 3% at actual rates.
Sales growth was driven by strong performance in jewelry, particularly in Japan, the Middle East, and the U.S.
Nicolas Bos, current CEO of Van Cleef & Arpels, will assume the role of group CEO starting June 1.
Chairman Johann Rupert remains optimistic about long-term growth, particularly in the Chinese market.
The company is restructuring its management to enhance efficiency and strategic planning.