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Position Overview

Richemont, a global leader in the luxury sector renowned for its exceptional jewelry, watches, and high-end accessories, is seeking a dynamic and strategic Product Manager to drive the product strategy and performance in Saudi Arabia. This role is pivotal in shaping the market approach, ensuring alignment with regional objectives while adapting to the unique dynamics of the local luxury market. The successful candidate will collaborate closely with cross-functional teams to deliver innovative, high-impact product initiatives that reinforce Richemont’s heritage of craftsmanship, style, and quality.

Key Responsibilities

As a Product Manager in Saudi Arabia, you will play a central role in executing the market’s product strategy and driving business growth. Your responsibilities will encompass a broad range of strategic and operational activities, including:

• Market Product Strategy Development:
  • Contribute to the formulation of the market product plan by analyzing business performance, client insights, and emerging market trends.
  • Collaborate with the Marketing Manager to establish product priorities, allocate budgets, and develop actionable plans to achieve business objectives.
  • Work alongside regional teams to tailor product and marketing strategies to the specific needs and opportunities of the Saudi market.
  • Propose and manage budgets by collection and category, ensuring alignment with business performance and market potential.
  • Coordinate with internal stakeholders to maintain a cohesive and consistent approach to key product initiatives.
• Product Performance and Expertise:
  • Monitor and evaluate product performance, identifying growth opportunities and areas for improvement to enhance market penetration.
  • Review and refine sales forecasts based on market trends, client behavior, and historical performance data.
  • Partner with Supply Chain and Operations teams to ensure product availability aligns with market demand and assortments reflect local preferences.
  • Provide actionable product insights and recommendations to regional and local teams to inform decision-making.
  • Support the development of product knowledge across Richemont’s retail network through training initiatives and knowledge-sharing sessions.
  • Collaborate with Visual Merchandising teams to optimize product visibility and drive collection performance in boutiques.
• Product Launch Coordination:
  • Support the definition of sales forecasts and assortments for new product launches in partnership with regional Marketing, Supply Chain, and Commercial teams.
  • Adapt regional launch plans to the Saudi market, ensuring seamless local implementation and execution.
  • Monitor launch performance and recommend strategic adjustments to maximize impact and results.
  • Work with the Communication team to align product priorities with campaign strategies and assess the effectiveness of marketing efforts on business outcomes.
  • Ensure boutiques are equipped with the necessary tools, information, and guidelines to support successful product launches.
• Market and Client Insights:
  • Conduct ongoing analysis of competitor activity, market trends, and client behavior to identify emerging opportunities and threats.
  • Provide qualitative and quantitative feedback to regional teams on local market developments and product performance.
  • Monitor market pricing strategies and share insights to inform regional pricing decisions.
  • Identify product opportunities and contribute to the development of strategic recommendations and briefs for senior leadership.
• Strategic Project Support:
  • Lead or participate in cross-functional projects aimed at driving business growth and enhancing product performance.
  • Contribute to transversal initiatives that align with Richemont’s long-term vision and operational excellence.

Qualifications and Experience

To excel in this role, you will bring a combination of strategic thinking, market acumen, and operational expertise. The ideal candidate will possess:

• A bachelor’s degree in Business Administration, Marketing, or a related field; an MBA or advanced degree is a plus.
• Minimum of 5-7 years of progressive experience in product management, preferably within the luxury goods, retail, or consumer goods sectors.
• A proven track record of developing and executing product strategies that drive revenue growth and market expansion.
• Strong analytical skills with the ability to interpret market data, sales trends, and performance metrics to inform strategic decisions.
• Excellent collaboration and communication skills, with the ability to work effectively across multiple functions and levels of the organization.
• Proficiency in market research tools and methodologies, with a keen understanding of consumer behavior in the luxury market.
• Fluency in English; additional proficiency in Arabic is highly desirable.
• Willingness to travel as required to support business needs and market engagements.

Why Join Richemont?

Richemont offers a unique opportunity to contribute to a prestigious organization that values heritage, innovation, and excellence. As a Product Manager in Saudi Arabia, you will be at the forefront of shaping the luxury market’s future, working with iconic brands that define elegance and sophistication. You will enjoy a collaborative work environment, competitive compensation, and the chance to grow within a global leader in the luxury sector.