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Richemont

The Switzerland-based luxury goods holding company, founded in 1988, owns Azzedine Alaia, Chloé, and Net-a-Porter.

Vital statistics

  • 1988 Established
  • Public Type
  • > 10,000 Number of employees
  • €10.150 billion (2013) Revenue
  • Geneva, Switzerland HQ

Company Snapshot

Company Snapshot

Compagnie Financière Richemont SA 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 a publicly traded company listed on the SIX Swiss Exchange and on 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 2009, Richemont is the third-largest luxury goods company in the world.

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. The luxury goods investments of Rembrandt Group combined with Rothmans International formed the initial group of Richemont subsidiaires.

As of 2009, Richemont is the third-largest luxury goods company in the world, but, losing this position to PPR in 2010 trailing market leader LVMH Moët Hennessy - Louis Vuitton SA.

Compagnie Financière Richemont SA organizes its business activities into four operating divisions: Jewellery Maisons, Specialist Watchmakers, Maison Montblanc and Other Businesses. 

Source: Wikipedia

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