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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.
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.
“Our commitment is to deliver high-quality products and services and our investment in developing the local know-how and expertise of our people.”
“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.”
https://en.wikipedia.org/wiki/Richemont
https://www.crunchbase.com/organization/richemont
https://sec.report/CIK/0001626360
https://finance.yahoo.com/quote/CFRHF/
https://www.comparably.com/companies/richemont/mission
https://companiesmarketcap.com/largest-companies-by-revenue/
https://www.investing.com/equities/compagnie-financiere-richemont
https://www.globaldata.com/company-profile/compagnie-financiere-richemont-sa/
