Richemont names new CEOs for Vacheron Constantin and Jaeger-LeCoultre amid luxury watch market challenges.

Richemont, a luxury goods firm, has announced new CEOs for its watch brands Vacheron Constantin and Jaeger-LeCoultre. Laurent Perves, current chief commercial officer at Vacheron Constantin, will become its CEO, while Jérôme Lambert returns to lead Jaeger-LeCoultre. These changes come after a period of executive reshuffling at Richemont's brands and amid a challenging market for luxury watches, especially due to reduced demand in China.

November 29, 2024
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