One thing that Rupert made clear, is important for the company's future. Unlike the recent increase of detailed oversight of the brands under the Richemont umbrella, Rupert has indicated that he desires autonomy for the group brands. This is one of the major reasons we saw a rash of CEO resignations from Richemont brands (such as A. Lange & Sohne and Baume & Mercier). Hopefully Rupert is aware of the fact that micromanaging didn't do anyone any good, ever.
Rupert is not exactly a self-made man, but has done well with the incredible wealth that he inherited. His business record is quite impressive. It is well known in the watch industry that times are tough for luxury items. Richemont Group and main competitor Swatch Group have been hit hard, so it will be interesting to see their plans for recovery over the next few years.
Ariel Adams publishes the luxury watch review site aBlogtoRead.com.