Richemont’s chief executive is ready to retire

Alain Dominique Perrin, the chief executive of the Swiss luxury goods group Richemont, Zurich, Switzerland, announced his retirement yesterday.

Known as Mr. Cartier for his career-long work in building the Cartier brand, Perrin said that he would retire on his 61st birthday, in October.

Mr. Perrin joined Cartier in 1969 and worked to give the company, which once catered almost exclusively to the European aristocracy, a broader renown and clientele. He became chief executive of Cartier’s parent, Richemont, two years ago.

His tenure has coincided with stormy times for makers of luxury goods, with sharp contractions in sales after the world stock market weakened and the terror attacks of Sept. 11, 2001. In a statement, Perrin said the last two years “have been amongst the most challenging and exhausting” in his career, and that he planned to spend more time making wine at his estate, Chateau Lagrezette, in the Bordeaux region of France.

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