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For other uses, see Richemont (disambiguation).
Compagnie Financière Richemont SA
Traded as SIXCFR, JSE: CFR[1]
Industry Management
Predecessor Rembrandt Group Limited[2]
Founded Geneva, Switzerland (1988 (1988))[3]
Founder Johann Rupert[3]
Headquarters Bellevue, Switzerland[4]
Area served
Key people
Johann Rupert, Executive Chairman[5]
  • Management
  • Logistics
  • Increase 10.649 billion (2014)
  • €10.150 billion (2013)
  • Decrease €2.419 billion (2014)
  • €2.426 billion (2013)
  • Increase €2.067 billion (2014)
  • €2.005 billion (2013)
Total assets
  • Increase €14.497 billion (2013)
  • €11.770 billion (2012)
Total equity
  • Increase €10.215 billion (2013)
  • €8.564 billion (2012)
  • Compagnie Financière Rupert (9.1%)[8]
  • Public Investment Corporation Limited, South Africa (3.13%)
Number of employees
  • Increase 29,980 (2014)
  • 27,666 (2013)
  • Jewellery Maisons
  • Specialist Watchmakers
  • Montblanc Maison
  • Other Businesses
Subsidiaries See article section

Compagnie Financière Richemont SA , owner of Dunhill, Baume & Mercier SA, Cartier, IWC International Watch Co. AG, Jaeger-LeCoultre, Montblanc, Piaget SA, Manufacture Roger Dubuis SA, Vacheron Constantin SA, and Van Cleef & Arpels, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont designs, manufactures, distributes and sells premium jewellery, watches, leather goods, writing instruments, firearms, clothing and accessories. Richemont is publicly traded as CFR on the SIX Swiss Exchange and the JSE Securities Exchange.

As of November 2012 Compagnie Financière Richemont SA 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.[12]


Johann Rupert founded Compagnie Financière Richemont SA in 1988 when he spun out the international assets of Rembrandt Group Ltd. (now Remgro Limited), a South Africa-based company founded in the 1940s by his father, Dr. Anton Rupert.[13][14] The luxury goods investments of Rembrandt Group combined with Rothmans International formed the initial group of Richemont subsidiaires.[2][3][15]

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.[16]

As of November 2012 Compagnie Financière Richemont SA is the sixth largest corporation by market capitalization in the Swiss Market Index.[17] As of 2014, Richemont is the second-largest luxury goods company in the world after LVMH.[12]


Compagnie Financière Richemont SA organizes its business activities into four operating divisions: Jewellery Maisons, Specialist Watchmakers, Maison Montblanc and Other Businesses.[18] Cartier and Van Cleef & Arpels constitute the Jewellery Maisons. The Specialist Watchmakers group is composed of A. Lange & Söhne, Baume & Mercier, IWC, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis, Vacheron Constantin and the joint venture with the Ralph Lauren Watch & Jewelry Co. Montblanc is the sole member of the Maison Montblanc. The Other Businesses division includes Alfred Dunhill, Alaïa, Chloé, Lancel, The Net-a-Porter Group, Peter Millar, James Purdey & Sons and Shanghai Tang.[19]

Ownership and control[edit]

The largest significant shareholder of Compagnie Financière Richemont SA is Compagnie Financière Rupert, a Swiss company that holds shares controlled and principally owned by Johann Rupert. Compagnie Financière Rupert owns 522,000,000 Class "B" shares of Compagnie Financière Richemont SA, representing 9.1% of the equity and 50% of the voting rights. Johann Rupert and Compagnie Financière Rupert also hold 2,836,664 class "A" shares or "A" share equivalents as of the end of March 2012.[4]



The following companies are wholly owned subsidiaries of Compagnie Financière Richemont SA unless otherwise noted.[20]

Joint ventures[edit]

  • Ralph Lauren Watch and Jewelry Company SÀRL (50%) — watches, jewellery; based in Geneva, Switzerland[20]

Former investments[edit]

Richemont acquired British clothing retailer Hackett Limited in 1992.[23] After the acquisition, Hackett Limited became a wholly owned subsidiary of Richemont. On 2 June 2005, Richemont announced that it had entered into an agreement to sell Hackett Limited to Spanish investment company Torreal S.C.R., S.A.[24][25]

Richemont and Mimi So formed a joint venture in 2004, planning to expand the business.[26][27] This joint venture was Richemont's first investment in an American brand.[28] In 2007, Richemont requested to become the majority partner of the joint venture. So declined and purchased Richemont's stake in the venture.

Due to changes in the tax laws of Luxemborg, Richemont decided to spin-off all of its non-luxury goods businesses, principally Richemont's stake in British American Tobacco, into a newly formed, separately traded holding company, Reinet Investments S.C.A.[2][29][30]

Website blocking[edit]

In October 2014 the first blocking order against trademark infringing consumer goods was passed against the major UK ISPs by Richemont, Cartier International and Montblanc to block several domains selling trademark infringing products.[31]



External links[edit]