Compagnie Financière Richemont

Global producer and seller of jewellery, watches, leather goods, pens, firearms, clothing, and accessories.

Categories

Fashion and Textiles  
Retail and Consumer Goods  

#2003

Rank

$6.99B

MarketCap US

US United States

Country

Summary

Compagnie Financière Richemont SA engages in the luxury goods business in Europe, the Middle East, Africa, Asia, and the Americas. The company operates through Jewellery Maisons, Specialist Watchmakers, and Online Distributors segments. It designs, manufactures, and distributes jewellery products; precision timepieces, watches, and writing instruments, as well as clothing, and leather goods and accessories. 

The company offers its products under the Cartier, Van Cleef & Arpels, Buccellati, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Piaget, Roger Dubuis, Vacheron Constantin, Watchfinder & Co., YOOX, NET-A-PORTER, MR PORTER, The Outnet, Alaïa, Chloé, Montblanc, Peter Millar, Purdey, Serapian, TIMEVALLEE, Dunhill, Delvaux, and AZ Factory brands through own boutiques and online stores. 

Compagnie Financière Richemont SA was incorporated in 1979 and is headquartered in Bellevue, Switzerland.


History

Johann Rupert founded Compagnie Financière Richemont S.A. when he spun off the international assets of Rembrandt Group Ltd., a South Africa-based company founded in the 1940s by his father, Anton Rupert. 

The division, originally founded on 5 March 1979 as Intercontinental Mining and Resources S.A., was later renamed IMR Group S.A. on 31 March 1987 and finally Richemont S.A. on 17 August 1988. The spin-off was completed on 20 September 1988. The luxury goods investments of Rembrandt Group combined with Rothmans International formed the initial group of Richemont subsidiaries. 

In March 2007, Richemont and Polo Ralph Lauren Inc. announced the formation of a 50/50 joint venture, the Polo Ralph Lauren Watch and Jewelry Company SÀRL.In October 2008, the Group divested all of its remaining interests in the tobacco industry. 

As of November 2012, Compagnie Financière Richemont S.A. is the sixth largest corporation by market capitalization in the Swiss Market Index. As of 2014, Richemont is the second-largest luxury goods company in the world after LVMH. The compensation of the Richemont group's executives increased by an average of 14% in 2018.


Mission

“Our commitment is to deliver high-quality products and services and our investment in developing the local know-how and expertise of our people.”


Vision

“As a responsible luxury goods company, our vision is to create long-term value for our business and wider society, while preserving our heritage in quality, craftsmanship and innovation.”


Key Team

Mr. Eloy Urbain Paul Ghislain Michotte (Corp. Fin. Director)

Ms. Sophie Cagnard (Head of Investor Relations & Group Corp. Communications Director)

Mr. Cédric Bossert (Group Gen. Counsel)

Dr. Berangere Ruchat (Chief Sustainability Officer)

Swen H. Grundmann (Company Sec.)

Riccardo Bellini (Chief Exec. Officer of Chloé)


Recognition and Awards
Richemont China has been recognized 3 times consecutively as the 100 Excellence Employer of 2022 -

References
Compagnie Financière Richemont
Leadership team

Mr. Jerome Lambert (Group CEO & Exec. Director)

Mr. Burkhart Grund (CFO & Exec. Director)

Industries

Fashion and Textiles

Retail and Consumer Goods

Products/ Services
Fashion, Jewelry, Retail
Number of Employees
20,000 - 50,000
Headquarters
Geneva, Geneve, Switzerland
Established
1988
Company Registration
SEC CIK number: 0001626360
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
CFR
Social Media

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Mon Feb 26 2024
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