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Delvaux goes into the hands of Richemont

Delvaux goes into the hands of Richemont

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The luxury group Richemont has announced the acquisition of 100% of the Belgian leather goods manufacturer Delvaux.

 

The world’s second largest luxury group after LVMH, Richemont, has announced the acquisition of the entirety of the historic Belgian leather goods manufacturer, Delvaux, founded in 1829. The leather goods manufacturer has 50 boutiques and nearly 500 employees worldwide.

 

The oldest leather goods company in the world had a turnover of more than 120 million euros before the pandemic, with a 40% decline in 2020, caused by the collapse of tourism and the temporary drop in consumption in China.

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