Richemont expects the deal to have no material financial impact on its consolidated net assets or operating results for the year ending 31 March 2025.
Swiss luxury goods group Richemont has agreed to acquire the entire stake in the Italian jewellery brand Vhernier in a private deal.
Johann Rupert, Chairman of Richemont, said, “Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship. This unique aesthetic perfectly complements our existing collection of renowned jewellery Maisons.
We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realise the full potential of this exceptional Maison within the thriving branded jewellery market.”
Carlo Traglio, Chairman, and Maurizio Traglio, CEO of Vhernier, said, “We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewellery. We firmly believe that our distinctive jewellery Maison will flourish under Richemont’s stewardship, expertise and careful nurturing.”
Richemont expects the deal to have no material financial impact on its consolidated net assets or operating results for the year ending 31 March 2025. The transaction terms, subject to customary conditions and regulatory approvals, have not been disclosed.
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