Vhernier

Richemont FY25 sales rise to €21.4bn

Richemont has reported a 4% increase in FY25 group sales to €21.4bn (£18.0bn) led by high single-digit increase in its jewellery maisons over the year.  However, the group’s operating profit came in at €4.5bn (£3.79bn), down by 7% at actual rates, or by 4% at constant exchange rates. Profit for…

Read More »

Richemont’s jewellery maisons boost Q3 sales

Richemont has reported a 10% increase in its Q3 sales to €6.2bn (£5.2bn), driven by its jewellery sales which saw a 14% rise to €4.5bn (£3.80bn), adding to 71% of group sales. The group’s four jewellery maisons, Buccellati, Cartier, Van Cleef and Arpels and Vhernier’s sales growth was fuelled by…

Read More »

Richemont profits drop 17% to €2.2bn

Richemont has reported a 17% decrease in operating profits to €2.2bn (£1.82bn) for the six-month period ended 30 September 2024, reflecting the impact of the decline in sales at its specialist watchmakers, a slight gross margin erosion and ongoing investments for its maisons’ long-term growth. The group also saw a…

Read More »

Richemont acquires Italian brand 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…

Read More »