Prices for watches from Richemont brands suffer in comparison to the hottest models on its own retail site.
Gilet Jaune protests hit luxury jewellery and watch sales for Richemont in France
Six weeks of street protests in affluent city centres set back sales in the vital final three months of the year
Richemont revenues rise by 24% in fourth quarter of 2018
Jewellery outperforms specialist watchmakers and its retail business grows faster than wholesale.
BREAKING NEWS: Watchfinder’s final accounts as an independent show sales soaring to £110 million ($138m)
Watchfinder was virtually unknown in the United States until Richemont bought the company in June last year for an undisclosed sum. Since the acquisition, the company's directors have declined interviews with WatchPro, although a director did say informally that the plan was to "go global".
Watchfinder and Yoox Net-A-Porter add over $1 billion in six months to Richemont sales
Ecommerce businesses contribute to 21% rise in turnover for the six months ended September 30.
BREAKING NEWS: Richemont and Alibaba ink strategic partnership
Agreement will see Net-a-Porter and Mr Porter portfolios promoted via Alibaba's multiple mobile and web-based platforms.
Watchfinder and Yoox Net-A-Porter contribute €720 million in just four months under Richemont umbrella
The financial update came after Richemont's annual general meeting, at which Jérôme Lambert's promotion to the post of CEO was confirmed.
BREAKING NEWS: Richemont promotes Jérôme Lambert to group CEO role
Mr Lambert is part of the fresh generation of leaders at Richemont that has been replacing what was seen as a stale, male group of older executives.
Anton Rupert Jr, son of Richemont chief Johann Rupert, appointed as director at Watchfinder
British co-founders Stuart Hennell and Matthew Bowling remain directors of Watchfinder.
EXCLUSIVE: Chrono24 sets sights on Ebay with addition of auction bidding to its platform
Tim Stracke, co-chief executive of the company told WatchProUSA that the auction site is among a clutch of developments that are being rolled out this year.
