16.9 C
New York
Sunday, May 19, 2024

Richemont acquires Vhernier


Richemont has announced that it has reached an agreement to acquire 100% of 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 “modern” aesthetic of its design jewellery, inspired by the “curves of the human body” and the “essential forms of modern sculpture” to create sculptural and ergonomic shapes, as well as for the “unusual” combination of traditional precious metals and gems with unconventional materials such as titanium, bronze and ebony.

These characteristics can be seen throughout the Maison’s collections, amongst them Calla and Palloncino.

All jewellery pieces are handcrafted in Valenza and are sold through a “highly” selective network of mono-brand boutiques and “prestigious” multi-brand stores, predominantly in Europe and the United States.

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. Completion remains subject to certain customary conditions and regulatory approvals.

Johann Rupert, chairman of Richemont, said: “Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship. This unique aesthetic perfectly complements our existing collection of renowned jewellery Maisons.

“We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realise the full potential of this exceptional Maison within the thriving branded jewellery market.”

Carlo Traglio, chairman, and Maurizio Traglio, CEO of Vhernier, added: “We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewellery. We firmly believe that our distinctive jewellery Maison will flourish under Richemont’s stewardship, expertise and careful nurturing.”



Source link

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles