- Richemont has finalized its acquisition of Italian jewelry brand Vhernier, expanding its luxury jewelry portfolio alongside Cartier and Van Cleef Arpels.
- The acquisition is not expected to significantly affect Richemonts financial results for the fiscal year ending March 2025.
- Led by billionaire Johann Rupert, Richemont aims to strengthen its position in the ultra-high-end jewelry market through strategic acquisitions.
Richemont, the Swiss luxury goods holding company led by South African billionaire Johann Rupert, has completed its acquisition of renowned Italian jewelry Maison, Vhernier.
The move expands Richemonts Jewellery Maisons division, which includes brands like Cartier and Van Cleef Arpels.
Strategic expansion in the luxury jewelry sectorThe acquisition of Vhernier, which was officially announced in May 2024 , has now been finalized following the receipt of all necessary regulatory approvals.
The Italian brand, known for its contemporary design and high-quality craftsmanship, will now be integrated into Richemont's Jewelry Maisons business unit.
This unit also includes other esteemed brands such as Buccellati, Cartier, and Van Cleef Arpels. Richemont aims to bolster its position in the ultra-high-end jewelry market through this strategic addition.
