AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 15 NOVEMBER 2024 RICHEMONT’S 2024 INTERIM REPORT NOW AVAILABLE ONLINE Richemont announces the publication of its interim report and accounts for the six months ended 30 September 2024. The report is available for download from the Richemont website at: www.richemont.com/investors/results-reports-presentations/ The interim report reflects the information contained in the Richemont results announcement issued on 8 November 2024 as well as the unaudited...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 8 NOVEMBER 2024 Please find below the Highlights and Chairman’s commentary from Richemont FY25 Interim Results Announcement. RICHEMONT DEMONSTRATES SUSTAINED RESILIENCE FOR THE SIX-MONTH PERIOD ENDED 30 SEPTEMBER 2024 Group highlights Sales at € 10.1 billion and operating profit from continuing operations at € 2.2 billion in a challenging macroeconomic and geopolitical context, supported by ongoing investment into distribution and manufacturing...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 7 OCTOBER 2024 MYT Netherlands Parent B.V. (“Mytheresa”) and Richemont sign agreement for Mytheresa to acquire YOOX NET-A-PORTER (“YNAP”) to create leading, global, multi-brand digital luxury group in exchange for a 33% equity stake in Mytheresa Richemont will sell YNAP to Mytheresa with a cash position of €555m and no financial debt, subject to customary closing adjustments Mytheresa to issue shares to Richemont representing 33% of...
13 SEPTEMBER 2024 VHERNIER ANNOUNCES KEY LEADERSHIP CHANGES Following the completion of Vhernier’s acquisition by leading luxury goods group Richemont, the Maison is pleased to announce that Gianluca Brozzetti, Executive Vice President of Buccellati, joins Vhernier’s Board of Directors as Executive Vice President in an ad-interim CEO role. The Traglio family, who acquired Vhernier in 2001, will remain involved in the business and continue to contribute to its growth. Specifically, Maurizio...
11 SEPTEMBER 2024 DECISIONS OF THE RICHEMONT 2024 ANNUAL GENERAL MEETING Compagnie Financière Richemont SA (the "Company") held its 2024 Annual General Meeting ("AGM") in Geneva today. All matters on the agenda were approved by the shareholders. The results for the year, including the proposals of the Board of Directors for the appropriation of retained earnings at 31 March 2024 were approved. An ordinary dividend of CHF 2.750 per 'A' share was approved and will be paid on the listed 'A'...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 16 JULY 2024 RICHEMONT REPORTS RESILIENT SALES FOR ITS FIRST QUARTER ENDED 30 JUNE 2024 Highlights Sales up 1% at constant exchange rates, down 1% at actual exchange rates, against demanding comparatives in the prior-year period (+19% and +14%, respectively) and despite persistent macroeconomic and geopolitical uncertainties Growth across all regions, except for Asia Pacific, driven by Japan and the Americas, both at actual and constant exchange rates...
2 JULY 2024 RICHEMONT APPOINTS CATHERINE RÉNIER AS CHIEF EXECUTIVE OFFICER OF VAN CLEEF & ARPELS Richemont today announced that Catherine Rénier, currently Chief Executive Officer (CEO) of Jaeger-LeCoultre, will succeed Nicolas Bos as Chief Executive Officer of Van Cleef & Arpels, effective 1 September 2024, and will report to him following his recent appointment as Richemont’s CEO. Mrs Rénier, a French national, brings more than 20 years of jewellery and luxury watchmaking experience at...
2 JULY 2024 RICHEMONT APPOINTS LOUIS FERLA AS CHIEF EXECUTIVE OFFICER OF CARTIER Richemont today announced that Louis Ferla, currently Chief Executive Officer of Vacheron Constantin, will succeed Cyrille Vigneron as Chief Executive Officer (CEO) of Cartier, effective 1 September 2024. Mr Vigneron, who has decided to retire after eight successful years at the helm of the Maison, will assume the position of Chairman of Cartier Culture & Philanthropy effective 1 September 2024 and work with Mr...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 13 JUNE 2024 RICHEMONT PUBLISHES FY24 ANNUAL REPORT AND NON-FINANCIAL REPORT Richemont has today published its Annual Report and Accounts, as well as its Non-Financial Report, for the year ended 31 March 2024. The Annual Report reflects the information provided in the Richemont full-year results announcement and the Group’s audited consolidated financial statements, both issued on 17 May 2024, and contains the audited Company Financial Statements and...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 17 MAY 2024 RICHEMONT ANNOUNCES CHANGES TO THE BOARD OF DIRECTORS AND SENIOR MANAGEMENT The Board of Compagnie Financière Richemont SA (Richemont) appoints Nicolas Bos, currently Chief Executive of Van Cleef & Arpels, to the re-established role of Chief Executive Officer of Richemont effective 1 June 2024, and Bram Schot as Non-executive Deputy Chairman of the Board effective 11 September 2024. Nicolas Bos will continue to report to Johann Rupert,...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 17 MAY 2024 Please find below the Highlights and Chairman’s commentary from Richemont FY24 Annual Results Announcement. RICHEMONT ANNOUNCES STRONG UNDERLYING PERFORMANCE FOR THE YEAR ENDED 31 MARCH 2024 Group highlights Group sales at all-time high of € 20.6 billion; Q4 sales down by 1% at actual exchange rates, up 2% at constant exchange rates Operating profit at € 4.8 billion, notwithstanding significant adverse foreign currency movements and...
COMPANY ANNOUNCEMENT 7 MAY 2024 RICHEMONT ACQUIRES VHERNIER Richemont is pleased to announce that it has reached an agreement to acquire 100% of Vhernier S.p.A. ("Vhernier"), the distinctive Italian jewellery Maison, in a private transaction. Founded in Valenza, Italy in 1984 and headquartered in Milan, Vhernier was acquired by the Traglio family in 2001. Vhernier is renowned for the distinctive modern aesthetic of its design jewellery, inspired by the curves of the human body and the essential...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 18 JANUARY 2024 RICHEMONT REPORTS SALES GROWTH OF 8% FOR ITS THIRD QUARTER AND 11% FOR ITS NINE MONTHS ENDED 31 DECEMBER 2023 AT CONSTANT EXCHANGE RATES Highlights for the quarter ended 31 December 2023 Sales up by 8% at constant exchange rates and by 4% at actual exchange rates to € 5.6 billion, notwithstanding a continued uncertain macro-economic and geopolitical environment Growth across almost all regions, primarily driven by Japan, Asia Pacific...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 18 DECEMBER 2023 RICHEMONT, FARFETCH AND SYMPHONY GLOBAL TERMINATE AGREEMENTS As a result of the contemplated transaction announced by FARFETCH on 18 December 2023, the arrangements with FARFETCH underpinning the transactions announced in August 2022 cannot complete. Therefore Richemont, FARFETCH and Symphony Global, one of the investment vehicles of Mr Mohamed Alabbar, have terminated the agreements for (i) the sale of a majority stake in YNAP to...
13 DECEMBER 2023 RICHEMONT ANNOUNCES LAURENT MALECAZE AS NEW PRESIDENT & CEO OF CHLOÉ Richemont announces that Riccardo Bellini has decided not to renew his mandate as President and CEO of Chloé – after four years in the role. The decision was made in full collaboration with the Group to allow a proper completion of his mission and a smooth onboarding and start of the new Creative Director. During his tenure as President and CEO of Chloé, Riccardo has led a successful elevation and...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 29 NOVEMBER 2023 RICHEMONT NOTES THE MEDIA REPORTS ON AND ANNOUNCEMENT BY FARFETCH ON 28 NOVEMBER 2023 Following the recent media reports on and announcement made by FARFETCH on 28 November 2023, Richemont would like to remind its shareholders that it has no financial obligations towards FARFETCH and notes that it does not envisage lending or investing into FARFETCH. Richemont is carefully monitoring the situation, including reviewing its options in...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53LR 27 NOVEMBER 2023 RESULTS OF THE 2020 EQUITY-BASED SHAREHOLDER LOYALTY SCHEME Compagnie Financière Richemont SA (Richemont) announced today that an overwhelming majority of the 'A' warrants that the Company had issued as part of its Equity-based Loyalty Scheme were exercised by their holders at the end of the exercise period. In total, 1'032'537'670 'A' warrants were validly exercised during the period, representing 98.90% of the 1'044'000'000 'A'...
AD HOC ANNOUNCEMENT PURSUANT TO ART. 53 LR 17 NOVEMBER 2023 RICHEMONT’S 2023 INTERIM REPORT NOW AVAILABLE ONLINE Richemont announces the publication of its interim report and accounts for the six months ended 30 September 2023. The report is available for download from the Richemont website at: www.richemont.com/investors/results-reports-presentations/ The interim report reflects the information contained in the Richemont results announcement issued on 10 November 2023 as well as the unaudited...