Who owns richemont

The last Richemont share buyback programme expired on 20 May Expired programmes can be consulted on the share buybacks page. Richemont holds 8. Those shares represent 1. The Stern Group was the leading manufacturer and supplied much of the world's luxury watch brands with watch dials. Lange Sohne. The acquirement of the remaining 60 percent of Jaeger LeCoultre rounded Richemont up to percent ownership of the company. Richemont also acquired Montegrappa of Italy, a niche watch brand, in early The Richemont brands did well in The company announced a 69 percent growth in after-tax profits, and a Throughout the beginning months of , Richemont was flying high.

The company underwent another management restructuring due to influx of new management from their recent acquisitions. In keeping with Richemont's desire to keep its brands separate and independent from each other, the company released a statement asserting, "The structure will insure that the various 'Maisons' maintain their separate, vertical autonomy and produce integrity whilst obtaining maximum synergistic benefits from this important strategic acquisition.

In June of , Richemont announced another large profit leap, and focused much of their enthusiasm for the coming year's success around the growing market for luxury goods in the United States. While Rupert made hopeful statements celebrating the leap in the U. But if its does, we will survive. Immediately after September 11, Richemont issued a warning that its first-half operating profits, stating that the tragedy in New York could exacerbate the company's profit downturn.

At the end of , Richemont released figures that supported the company's prediction that sales would not be as glorious as they had been previous to September The company reported that their net profits plummeted 78 percent.

However, the company's stake in BAT continued to work its magic, keeping the company awash in funds. This "good cash flow" allowed Johann Rupert to continue with his practice of taking the pressure off of his luxury brands to allow them to creatively develop in their own time.

Toggle navigation. New member. English USA. English UK. English Canada. Deutsch Deutschland. Deutsch Schweiz. Nederlands Nederland. Latest News. Listed companies. Sector News. All Analysis. Stock Picks. All stock picks. My Portfolio. My Watchlists. The highlight of this rich contribution is the highly coveted internship positions at the various Maisons, awarded to the most deserving students. Each Maison represents a proud tradition of style, quality and craftsmanship that Richemont is committed to preserving.

Individual heritage and identity are rigorously safeguarded, and Maisons designers and craftsmen are constantly challenged to reinvent and innovate in order to keep this heritage alive and thriving.