Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing, and accessories. Richemont is publicly traded as CFR on the SIX Swiss Exchange^[2] and the JSE.^[3]

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Compagnie Financière Richemont S.A.

Company type	Public (Société Anonyme)
Traded as	SIX: CFR JSE: CFR SMI component
Industry	Luxury goods
Predecessor	Rembrandt Group Limited
Founded	1988; 36 years ago (1988) in Geneva, Switzerland
Founder	Johann Rupert
Headquarters	Bellevue , Switzerland
Area served	Worldwide
Key people	Johann Rupert (Chairman) (Group CEO)
Products	Watches jewellery leather goods pens firearms clothing accessories
Revenue	€19.95 billion[1] (2023)
Operating income	€5.031 billion[1] (2023)
Net income	€0.301 billion[1] (2023)
Total assets	€40.89 billion[1] (2023)
Total equity	€19.02 billion[1] (2023)
Owner	Compagnie Financière Rupert (Rupert family) (10% equity, 51% voting power)[1]
Number of employees	33,959[1] (2023)
Divisions	Jewellery Maisons Specialist Watchmakers Other Businesses
Subsidiaries	See § Subsidiaries
Website	richemont.com

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The brands it owns include A. Lange & Söhne, Alaïa, AZ Factory, Baume & Mercier, Buccellati, Cartier, Chloé, Delvaux, Dunhill, IWC Schaffhausen, Jaeger-LeCoultre, Montblanc, Mr Porter, Net-a-Porter, Panerai, Piaget, Peter Millar, Purdey, Roger Dubuis, Serapian, The Outnet, TimeVallée, Vacheron Constantin, Van Cleef & Arpels, Watchfinder & Co., and Yoox.

As of 2017, Richemont was the third-largest luxury goods company in the world after LVMH and Estée Lauder Companies.^[4] As of October 2023, Compagnie Financière Richemont S.A. was the sixth-largest corporation by market capitalization in the Swiss Market Index.^[5]

Johann Rupert founded Compagnie Financière Richemont S.A. when he spun off the international assets of Rembrandt Group Ltd. (now Remgro Limited), a South Africa-based company founded in the 1940s by his father, Anton Rupert.^[6][7] The division, originally founded on 5 March 1979 as Intercontinental Mining and Resources S.A., was later renamed IMR Group S.A. on 31 March 1987 and finally Richemont S.A. on 17 August 1988. The spin-off was completed on 20 September 1988. The luxury goods investments of Rembrandt Group combined with Rothmans International formed the initial group of Richemont subsidiaries.^[8][9]

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.^[10]

In October 2008, the Group divested all of its remaining interests in the tobacco industry.^[11]

As of 2014, Richemont is the second-largest luxury goods company in the world after LVMH.^[12]

The compensation of the Richemont group's executives increased by an average of 14% in 2018.^[13]

As of October 2023, Compagnie Financière Richemont S.A. was the sixth-largest corporation by market capitalization in the Swiss Market Index.^[5]

Compagnie Financière Richemont S.A. organizes its business activities into three operating divisions: Jewellery Maisons, Specialist Watchmakers, and Other Businesses.^[1]

Cartier, Van Cleef & Arpels, and Buccellati constitute the Jewellery Maisons.^[1]

The Specialist Watchmakers group is composed of A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Officine Panerai, Piaget, Roger Dubuis, and Vacheron Constantin.^[1]

The Other Businesses division includes Alaïa, AZ Factory, Chloé, Delvaux, Dunhill, Montblanc, Peter Millar, Purdey, and Serapian.^[1]

As of 2023, Compagnie Financière Rupert, a Swiss company that holds shares controlled and principally owned by Johann Rupert, is the only significant shareholder of Richemont with 3% or more of the voting rights. It holds 6,263,000 Richemont Class "A" shares and 522,000,000 Richemont Class "B" registered shares, representing 10% of the equity of the company and controlling 51% of the company's voting rights.^[14]

Richemont acquired British clothing retailer Hackett Limited in 1992.^[16] On 2 June 2005, Richemont announced its sale to Spanish investment company Torreal S.C.R., S.A.^[17][18]

In 1998, Richemont bought a controlling stake in Shanghai Tang.^[19] In July 2017, Richemont announced that it had sold Shanghai Tang to a group of investors headed by Italian entrepreneur Alessandro Bastagli.^[20][21]

In 2000, the Group sold its minority stake in Vivendi, representing its exit from all previous media interests, which had included NetHold and Canal+.

Richemont and Mimi So formed a joint venture in 2004,^[22][23] Richemont's first investment in an American brand.^[24] In 2007, Richemont requested to become the majority partner of the joint venture. Mimi So declined and purchased Richemont's stake in the venture.

In 2008, Richemont spun 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.^[25][26][27]

In 2015, the Net-a-Porter Group was merged with the YOOX Group in an all-share transaction.^[28][29] In August 2022, Richemont sold a 47.5% stake in Yoox Net-a-Porter to Farfetch, and a 3.2% stake to Mohamed Alabbar. This allows Richemont to deconsolidate Yoox Net-a-Porter.^[30]

In 2018, Richemont sold Lancel to the Italian leather goods company Piquadro Group.

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