Today in luxury marketing:
Richemont chairman takes a break to see who's the next boss
Richemont boss Johann Rupert has promised to switch off his phone when he takes a break from the company in September to start his year-long sabbatical. For his younger managers, it will mark the start of a 12-month competition to show how well they can steer the world's second biggest luxury goods group in his absence - and possibly, ultimately, replace him, per Reuters.