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Compagnie Financière Richemont SA is a Swiss luxury goods company that was founded in 1988 by the late South African billionaire businessman, Anton Rupert. It has four main business areas: jewellery, watches, writing instruments and clothing. The company is listed on the SIX Swiss Exchange and on the JSE Securities Exchange. It is the eighth biggest company in the Swiss Market Index. As of 2007, 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.
[edit] Companies
Principal companies in the group are:
All companies are fully owned subsidiaries. In addition to the above companies, Richemont has an 29.5% (as at March, 2008) investment in British American Tobacco; about 40% of the Richemont balance sheet is BAT ordinary shares.
[edit] 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.
[edit] References
- ^ a b c d "Annual Report 2008" (PDF). Richemont. http://www.richemont.com/annualReport/2008/Richemont_AR.pdf. Retrieved on 2009-02-28.
[edit] External links
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Subsidiaries of Compagnie Financière Richemont SA |
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