Richemont strengthens its footprint in the world of fine jewelry with the acquisition of Vhernier, a prestigious Milan-based Italian house renowned for its distinctive design and exceptional craftsmanship. This transaction marks a new impetus for the Swiss conglomerate in the luxury jewelry sector, accentuating its leadership position in this flourishing market.
Swiss luxury giant Richemont announced on Tuesday the acquisition of Vhernier, the Milan-based Italian jewelry house, in a private transaction.
Vhernier, founded in 1984 in Valenza, was acquired by the Traglio family in 2001 and is renowned for its distinctive design and exceptional craftsmanship.
“We are delighted to welcome the talented Vhernier team to the Richemont family,” said Johann Rupert, President of Richemont. “We look forward to working together to realize the full potential of this exceptional Maison in the burgeoning branded jewelry market.”
The transaction “will have no material financial impact on Richemont’s consolidated net assets or operating income for the year ending March 31, 2025,” the release said. Completion of the transaction remains subject to certain customary conditions and regulatory approval.
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Featured photo : © Vhernier
