RICHEMONT

'Compagnie Financière Richemont SA' is a Swiss luxury goods company that was founded in 1988 by the South African billionaire businessman, Anton Rupert. It has four main business areas: jewellery, watches, writing instruments and clothing. The company is listed on the SWX Swiss Exchange (ticker: CFR). It is the eighth biggest company in the SMI (Swiss Market Index). As of 2005, it is the third-largest luxury goods company in the world by turnover, behind LVMH and PPR, its two main competitors in the luxury goods market. In March 2007, Richemont and Polo Ralph Lauren announced the formation of a joint venture, the Polo Ralph Lauren Watch and Jewellery Company, S.A.R.L., of which each company will own 50 percent.

Contents

Companies

Former companies

External links

Companies

Principal companies in the group are:

★ Cartier - jewellery, watches, etc. French company, watches Swiss made

★ Van Cleef & Arpels - jewellery, watches, etc.

★ Piaget - jewellery, watches

★ Vacheron Constantin - watches, Swiss made

★ A. Lange & Söhne - watches, made in Saxony

★ Jaeger-LeCoultre - watches, Swiss made

★ Officine Panerai - watches, Swiss made, Italian heritage

★ International Watch Co - watches, Swiss made, American-founded

★ Baume et Mercier - watches

★ Montblanc - German writing instrument manufacturer

★ Alfred Dunhill, Ltd.

★ Lancel

★ Chloé

★ Old England

★ James Purdey & Sons

★ Montegrappa - Italian writing instrument manufacturer
All companies, except Old England SA, are fully owned subsidiaries. In addition to the above companies, Richemont has an 18.5% (as at September, 2005) investment in British American Tobacco; about 40% of the Richemont balance sheet is BAT ordinary shares.

Former companies

★ Hackett - Richemont acquired Hackett in 1992. It was announced in early June 2005 that Richemont had sold Hackett to Torreal, a Spanish investment company.

External links

★ Richemont corporate website