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Richemont Revamps Senior Executive Team with Key Appointments in Jewelry Division

Van Cleef & Arpels, Cartier, and Former Van Cleef Executive Join Senior Leadership, while Jérôme Lambert Transitions to Jaeger-LeCoultre

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Richemont has made significant changes to its top-tier leadership, appointing a new CEO for one of its prestigious luxury watch brands and reshuffling its jewelry sector with three key executives joining the senior executive committee.

Catherine Rénier, the CEO of Van Cleef & Arpels, has been promoted to Richemont’s senior executive committee effective immediately. Louis Ferla, CEO of Cartier, and Marie-Aude Stocker, former director of people, development, and prospective at Van Cleef & Arpels, have also been appointed to the committee. Stocker, who was previously responsible for talent management, has taken on the role of chief people officer.

Richemont’s CEO, Nicolas Bos, expressed confidence in the new leadership team, highlighting the invaluable industry and operational expertise Rénier and Ferla bring, especially given their roles overseeing two of Richemont’s largest and most renowned maisons. Bos also lauded Stocker’s new position, emphasizing her integral role in shaping Richemont’s talent and organizational strategy.

In a notable shift, Jérôme Lambert, currently on Richemont’s senior executive committee and board of directors, will be stepping down from both roles. Lambert is set to take the reins as CEO at Jaeger-LeCoultre, a renowned watchmaking brand within the Richemont portfolio.

These appointments signal Richemont’s ongoing commitment to strengthening its leadership across both its watch and jewelry brands, aligning with the company’s strategic goals for the future.

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International News

Pandora Delivers 6% Organic Revenue Growth in Q3 2025 Amid Global Headwinds

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Danish jewellery giant Pandora reported 6% organic revenue growth in the third quarter of its 2025 financial year, despite a challenging global economic environment. The increase comprised 2% like-for-like growth and 4% from network expansion, according to the company’s latest Interim Report.

The brand’s gross margin stood at 79.3% for the quarter, slightly below the 80.1% recorded in Q3 2024. Pandora attributed a 280 basis-point headwind to foreign exchange, commodities, and tariff pressures. The company performed strongly in the US, while Spain, Canada, Poland, Portugal, and Japan all achieved double-digit like-for-like growth.

Pandora’s EBIT margin was 14.0% in Q3 2025, in line with expectations but 210 basis points lower year-on-year. Earnings per share declined 14%, though rose 5% in constant currency terms, reflecting steady underlying performance.

Alexander Lacik

“We continue our growth journey and delivered solid results in a quarter marked by a difficult macroeconomic backdrop,” said Alexander Lacik, Pandora’s President and CEO. “The early success of our new product launches shows how we can unlock market potential through innovation, emotional storytelling, and affordable luxury. We are well-positioned for the holiday season and on track to achieve our full-year targets.”

During the quarter, Pandora opened 11 concept stores and eight shop-in-shops, with network expansion contributing roughly 5% to overall organic growth. The company plans to continue expanding globally but has revised its store opening guidance for 2025 to around 25 net new concept stores, down from the previous range of 25–50, as it closes up to 100 stores in China to optimise profitability.

Pandora also intends to roll out around 25 company-operated shop-in-shops and introduce its new store concept across key locations in the coming months.

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