richemont

At about 16 times forecast 2016 earnings, the valuation is reasonable compared with past levels and peers such as Richemont, on 19.

按照2016年的预期盈利计算，斯沃琪的市盈率为16倍，相比其过去的估值和历峰集团（Richemont，预期市盈率为19倍）等同行业公司的估值，斯沃琪现在的估值较为合理。

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Tang, who is most known for founding the Shanghai Tang clothing chain, which he sold to the Richemont group in 2006, has found that it pays to know people in high places.

因创办“上海滩”服饰连锁店[2006年已售予瑞士历峰集团（Richemont Group）]而闻名的邓永锵发现了解高层人士有好处。

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But one of his first jobs in China was for Richemont, the company that owns luxury brands like Cartier, Piaget and Jaeger-LeCoultre.

但他在中国接到的首批工作之一就是历峰集团的项目，该公司旗下拥有卡地亚（Cartier）、伯爵（Piaget）和积家（Jaeger-LeCoultre）等奢侈品牌。

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The latest sign of a Chinese luxury goods slowdown came from Richemont, the high end jeweller, yesterday.

瑞士高档珠宝商历峰集团（Richemont）昨日发布的公告，为中国奢侈品市场增长放缓提供了最新证据。

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Swiss luxury goods group Richemont, owner of jewellers including Cartier, Van Cleef& Arpels and Piaget, says the cost of craftsmanship in assembling its$ 17000 rings and$ 10000 necklaces far outweighs the cost of the raw materials each piece requires.

卡地亚（Cartier）、梵克雅宝（Van Cleef&Arpels）和伯爵（Piaget）等珠宝品牌的持有人、瑞士奢侈品集团历峰（Richemont）表示，其1.7万美元戒指和1万美元项链的制作成本远远超过了每件商品所需原材料的成本。

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BAT will apply to Johannesburg's stock exchange, Africa's largest, for a share listing as part of the transaction because some of Richemont's equity is held locally.

作为交易的一部分，英美烟草将向非洲最大的约翰内斯堡证券交易所申请股份挂牌交易，因为一些历峰的股权是由当地人持有的。

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Jewellery and watch groups such as Richemont, Tiffany and Swatch are more reasonably rated on around 14.

历峰集团、蒂芙尼（Tiffany）和斯沃琪（Swatch）等珠宝及腕表企业的预期市盈率更为合理，在14倍左右。

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In20 years, it has reached a unique position, it's an icon that's independent form the Richemont group, since it's being managed by the Foundation de la Haute Horlogerie.

在20年里，由高级钟表基金管理的SIHH已建立起独一无二的地位，并成为独立于历峰集团的一支标杆。

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Richemont revealed recently it was helping dealers in Hong Kong with excessive inventories by buying back products-and either reallocating them to other markets or dismantling and recycling them.

历峰集团近期宣布，正在通过回购产品的方式帮助香港境内库存过多的经销商——回购的手表要么被调转到其他市场销售，要么被拆解以后循环利用。

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Today, the company vies for brands and creative talent not just with peers like Kering and Richemont, but also with private equity firms like Yucaipa ( which has stakes in Barneys and Zac Posen) and players from the Middle East and Asia.

如今，该公司不仅要和开云集团、历峰集团（Richemont）等同辈争夺品牌和创意人才，还要和尤凯帕（Yucaipa，它持有巴尼斯百货公司[Barneys]和扎克·珀森[Zac Posen]的股份）等私募股权公司以及来自中东和亚洲的玩家们竞争。

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While luxury sales are rising, shares of Richemont and competitors have slid this year on concern that industry demand may weaken as economies slow and financial companies cut jobs.

尽管奢侈品销售正在增长，但是由于担心行业需求可能会疲软，因为经济趋缓，金融公司正在裁员，今年历峰和竞争对手的股价下滑了。

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Still, there is the sense that the label, which is owned by Richemont, has lost some traction in recent years, with mixed collections by Paulo Melim Andersson and Hannah MacGibbon, the two previous creative directors.

不过，近年来这个品牌（属于历峰集团[Richemont]）在之前的两位创意总监保罗·麦林姆·安德森（Paulo Melim Andersson）和汉娜·麦克吉博恩（Hannah MacGibbon）的引领下，似乎丧失了部分魅力。

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Cartier-owner, Richemont said this month that growth had resumed in mainland China, lifted by retail sales through its own boutiques.

卡地亚（Cartier）所有者瑞士历峰集团（Richemont）上月表示，受专卖店零售销售的提振，中国业务已恢复增长。

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The resurgence at Rolls-Royce mirrors higher sales reported this year at other luxury groups including LVMH and Richemont, led largely by demand in Asia.

在劳斯莱斯复苏的同时，在亚洲需求的拉动下，包括路易威登轩尼诗（lvmh）和历峰（richemont）在内的其它奢侈品集团今年销量也出现了增长。

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Mr Pinault and others such as the Cartier owner, Richemont, have followed his blueprint of accumulating brands.

皮诺和卡地亚（cartier）的所有者历峰（richemont）等，一直在仿效阿尔诺积累品牌的做法。

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Some of its leaders have healthy balance sheets: LVMH and Christian Dior's net debt to tangible assets sit at about 30 per cent, while Richemont has net cash.

一些领军企业的资产负债状况相当良好：路易酩轩和克里斯汀迪奥（Christian Dior）的净负债与有形资产之比在30%左右，而瑞士历峰集团（Richemont）则持有净现金。

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Thomas Chauvet, an analyst at Citi, agrees. "While Richemont and Swatch will continue to benefit from lower gold prices, let's not overestimate this impact," he says.

花旗（Citi）分析师托马阠伟（Thomas Chauvet）表示，“尽管历峰和斯沃琪（Swatch）将继续受益于金价下跌，但我们不要过高估计这一影响。”

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This compares with 46 per cent of sales from Asia for the Richemont, 35 per cent from the region for LVMH and 43 per cent for the Gucci Group.

相比之下，历峰、路易威登和古姿（Gucci）分别有46%、35%和43%的销售收入来自亚洲。

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Rembrandt and Richemont sold their tobacco assets to BAT in1999, obtaining stakes in the cigarette maker in return.

1999年，伦勃朗和历峰把他们的烟草资产销售给了英美烟草，作为回报获得了英美烟草的股权。

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The decline has affected businesses including Richemont, Burberry and luxury jeweller Chow Tai Fook, which said this year it expected to close up to six stores in Hong Kong.

这种下滑趋势影响了包括历峰（Richemont）、博柏利（Burberry）和豪华珠宝商周大福（Chow Tai Fook）在内的企业。周大福称，预计今年将在香港关闭最多6家店。

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Richemont's revenues in the southern city fell "significantly."

历峰的香港营收“显著”下降。

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She was reported to have earned 50m from the initial sale of Net-a-Porter to Cartier owner Richemont in 2010.

媒体报道她2010年把NAP卖给卡地亚（Cartier）品牌所有者历峰集团时，进账5000万英镑。

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On Thursday, Burberry and Richemont said sales in China were better than expected.

上周四，博柏利（Burberry）和历峰（Richemont）报告中国内地销售好于预期。

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While Richemont was intended to be an investment company, the luxury unit now is bigger than its holdings in the cigarette industry.

历峰意欲成为一家投资公司，目前这家奢侈品公司的规模比它持有卷烟业务的时候要大。

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However, as the large groups such as swatch, Richemont and LVMH established a greater presence in China, a more exclusive watch-retailing network beyond the department stores was ripe for development.

但是，随着斯沃琪（swatch）、历峰（richemont）以及lvmh等大型集团在中国市场进行较大规模的布局，开发一个独立于百货商店外的手表零售专营网络，时机已经成熟。

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BAT is a" fine company "and" will maintain value," Richemont Chairman Johann Rupert said on the call.

历峰总裁约翰·鲁伯特在电话中说，英美烟草是一家“健康的公司”，将“会保值”。

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Ms Massenet, who founded Net-a-Porter in 2000-the same year that Federico Marchetti set up Yoox-had stayed at the helm of the business after selling it in 2010 to Switzerland's Richemont in a deal that valued the London-based group at 350m.

马斯内女士于2000年创办NAP，费德里科氠切蒂（Federico Marchetti）也于同年创办了Yoox。2010年，总部位于伦敦的NAP以3.5亿英镑卖给瑞士历峰集团（Richemont），但马斯内女士一直执掌NAP帅印。

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