Posted inFinance
Richemont Converts €100.6 Million Debt to Equity at Delvaux as Asian Luxury Slump Forces Balance-Sheet Intervention
Johann Rupert's Richemont has executed a €100.6 million ($109 million) debt-to-equity conversion at Delvaux, the world's oldest luxury leather goods house, in a move that restructures the Belgian brand's deteriorating…
