Richemont

Richemont
Compagnie Financière Richemont S.A.
Type Société Anonyme
Traded as SIX: CFR, JSE: CFR
Industry Management
Founded Geneva, Switzerland 1988 (1988)
Founder(s) Johann Rupert
Headquarters Geneva, Switzerland
Area served Worldwide
Key people Johann Rupert (Chairman and CEO)
Revenue €6.892 billion (2010/2011)
Operating income €1.355 billion (2010/2011)
Profit €1.090 billion (2010/2011)
Total assets €9.693 billion (March 2011)
Total equity €6.992 billion (March 2011)
Employees 21,387 (average, year to March 2011)
Subsidiaries
Website richemont.com
References: [1]

Compagnie Financière Richemont S.A. is a Swiss luxury goods holding company founded in 1988 by the South African businessman Johann Rupert.[2] Richemont categorizes its businesses into four areas: jewellery, watch making, writing instruments and other, which encompasses clothing and firearms. The company is listed on the SIX Swiss Exchange and on the JSE Securities Exchange. Compagnie Financière Richemont S.A. is the eighth biggest company in the Swiss Market Index and as of 2007, it is the third-largest luxury goods company in the world by turnover, behind LVMH Moët Hennessy - Louis Vuitton S.A. and PPR S.A., its two main competitors in the luxury goods market.

Contents

Subsidiaries

The following companies are fully owned subsidiaries of Compagnie Financière Richemont S.A. unless otherwise noted.[3]

Joint ventures

In March 2007, Richemont and Polo Ralph Lauren Inc. 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.[3]

  • Ralph Lauren Watch and Jewelry Company, S.A.R.L. (50% ownership) watches, jewellery - based in Geneva, Switzerland

Former subsidiaries and joint ventures

  • Mimi So International & Mimi So Japan - Richemont and Mimi So formed a joint venture in 2004, and in 2005 opened stores inside Mitsukoshi Nihonbashi Tokyo and in Beverly Hills CA. In 2007 Richemont sold its stake to Mimi So.
  • Hackett - Richemont acquired Hackett in 1992. It was announced in early June 2005 that Richemont had sold Hackett to Torreal, a Spanish investment company.
  • Reinet Investments - including Richemont's stake in British American Tobacco. It was spun off from Richemont in 2008.

References

External links

Factory 1b.svg Companies portal

Wikimedia Foundation. 2010.

Look at other dictionaries:

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  • Richemont — Original name in latin Richemont Name in other language Reichersberg, Richemont State code FR Continent/City Europe/Paris longitude 49.2769 latitude 6.16268 altitude 178 Population 1986 Date 2012 01 18 …   Cities with a population over 1000 database

  • Richémont — La Neuville Bosmont Pour les articles homonymes, voir Neuville. La Neuville Bosmont Administration Pays France Région Picardie D …   Wikipédia en Français

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