Richemont completes the acquisition of Maison Vhernier
Further to the announcement of 7 May 2024 of its agreement to acquire 100% of distinctive Italian jewellery Maison Vhernier S.p.A. (“Vhernier”) in a private transaction, Richemont announces that this transaction has now been completed following fulfilment of customary conditions and clearing of applicable regulatory approvals. The transaction will have no material financial impact on Richemont’s consolidated net assets or operating result for the year ending 31 March 2025. The results of Vhernier will be reported under the Jewellery Maisons business area. At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity.