Richemont CEO tells Europe To Shape Up
Europe is at risk of becoming nothing more than a tourist attraction for wealthy Chinese if it does not reform, CEO of luxury goods group Richemont Johann Rupert said.
Advertisement
Rupert, the South African chairman and chief executive of Richemont told a results conference call on Wednesday that a few years ago he had said, “If people do not watch it Europe will become an open-air museum for traveling Chinese…Well, we are halfway there.”
Rupert, the South African chairman and chief executive of Richemont told a results conference call on Wednesday that a few years ago he had said “If people do not watch it Europe will become an open-air museum for traveling Chinese,” he continued with, “Well, we are halfway there.”
Rupert added, “You cannot work 35 hours a week, want to retire by 50 with full pension, have eight weeks of holiday and expect to be bailed out by people who work their butts off either in northern Europe or in China. Life does not work like that.” Currently, South Africans are debating how much credit they should extend to Europe.
Advertisement
Latest from Haute Living
CelebritiesMiami
Gisele Bündchen and Karlie Kloss Just Had a Million-Dollar Night in Miami
Haute EventsNew York
2 Chainz Celebrates New Album ‘A Week in Paris’ at His Haute Living Cover Launch Dinner at Verde New York With Louis XIII and Champagne Telmont
Haute CuisineMiami
The Miami Day Date to Book Now: Ottoman Lunch at Topkapi, Then a Turkish Hammam for Two
City GuideLas Vegas