Alibaba’s luxury venture with Richemont goes online in China


  • TECH
  • Monday, 30 Sep 2019

Shoppers sit in front of a Yves Saint Laurent (left) and a Cartier store, operated by Cie Financiere Richemont SA (right) inside a mall in Bangkok, Thailand. Tom Ford, Brunello Cucinelli and Jimmy Choo will join Richemont brands Cartier, Piaget and Vacheron Constantin on the site. — Bloomberg

Richemont and Alibaba Group Holding Ltd’s luxury joint venture is going live in China, presenting 130 brands in one location on the Tmall e-commerce site.

Tom Ford, Brunello Cucinelli and Jimmy Choo will join Richemont brands Cartier, Piaget and Vacheron Constantin on the site. Investors have awaited details on the partnership since the companies announced it about a year ago.

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