Compagnie Financière Richemont SA
/ Key word(s): Miscellaneous
To read the full announcement click here: Richemont Company Announcement For a printer-friendly version: Richemont Company Announcement PDF EN Richemont is pleased to announce that it has acquired a controlling stake in Gianvito Rossi, the renowned Italian shoemaking Maison, in a private transaction.
About Richemont At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont's ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.
Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier and Van Cleef & Arpels; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, AZ Factory, Chloé, Delvaux, dunhill, Montblanc, Peter Millar including G/FORE, Purdey, Serapian as well as Watchfinder & Co. In addition, Richemont operates NET-A-PORTER, MR PORTER, THE OUTNET, YOOX and the OFS division. Find out more at https://www.richemont.com/.
Richemont 'A' shares are listed and traded on the SIX Swiss Exchange, Richemont's primary listing, and are included in the Swiss Market Index ('SMI') of leading stocks. The 'A' shares are also traded on the Johannesburg Stock Exchange, Richemont's secondary listing.
About Gianvito Rossi Founded in San Mauro Pascoli in 2006, Gianvito Rossi is the ultimate Italian designer brand for luxury footwear. Grounded on a modern, essential and timeless style, Gianvito Rossi is the finest expression of Made-in-Italy craftmanship, faithfully adhering to a family heritage nurtured throughout generations.
Since inception, Gianvito Rossi has gained global recognition for its universe of sophisticated signatures and new designs, quickly becoming a must-have for A-list celebrities with the support of first-rate global fashion media.
Investor/analyst and media enquiries Sophie Cagnard, Group Corporate Communications & Investor Relations Director James Fraser, Investor Relations Executive Investor/analyst enquiries: +41 22 721 30 03; investor.relations@cfrinfo.net Media enquiries: +41 22 721 35 07; pressoffice@cfrinfo.net; richemont@teneo.com
The financial information contained in this announcement is unaudited. This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. Such forward-looking statements are not guarantees of future performance. Richemont's forward-looking statements are based on management's current expectations and assumptions regarding the Company's business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. Our retail stores are heavily dependent on the ability and desire of consumers to travel and shop and a decline in consumer traffic could have a negative effect on our comparable store sales and/or average sales per square foot and store profitability resulting in impairment charges, which could have a material adverse effect on our business, results of operations and financial condition. Reduced travel resulting from economic conditions, retail store closure orders of civil authorities, travel restrictions, travel concerns and other circumstances, including disease epidemics and other health-related concerns, could have a material adverse effect on us, particularly if such events impact our customers' desire to travel to our retail stores. International conflicts or wars, including resulting sanctions and restrictions on importation and exportation of finished products and/or raw materials, whether self-imposed or imposed by international countries, non-state entities or others, may also impact these forward-looking statements. As with any projection or forecast, forward-looking statements are inherently susceptible to uncertainty and changes in circumstances. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the Group's control. Richemont does not undertake to update, nor does it have any obligation to provide updates of, or to revise, any forward-looking statements. © Richemont 2023 End of Media Release |
| Language: | English |
| Company: | Compagnie Financière Richemont SA |
| Chemin de la Chênaie 50 | |
| 1293 Bellevue | |
| Switzerland | |
| Phone: | +41227213506 |
| E-mail: | pressoffice@cfrinfo.net |
| Internet: | http://www.richemont.com |
| ISIN: | CH0210483332 |
| Valor: | 21048333 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1691093 |
| End of News | EQS News Service |
1691093 28.07.2023 CET/CEST
