Richemont Buys Italian Jeweler Vhernier, Known for Bold, Sculptural Designs [Yahoo! Finance]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
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Source: Yahoo! Finance
of brands including Cartier and Van Cleef & Arpels, said Tuesday that it has acquired 100 percent of Vhernier in a private transaction. Vhernier was founded in Valenza, Italy as a goldsmith's workshop in 1984, and is headquartered in Milan. It has been owned by the Traglio family in 2001. WWD first reported in 2018 that the Traglio family was interested in selling, and that a book was circulating on the jewelry firm. More from WWD Men's Swim Line Ron Dorff Raises $2 Million - From Its Customers Inside Montblanc's New Beverly Hills Pop-up for 100th Anniversary of the Meisterstück Pen Pandora Raises 2024 Guidance as Revenue Soars 18 Percent Vhernier is known for its bold gold designs inspired by the curves of the human body, and modern sculpture. The jewelry combines precious metals, gems, and materials such as titanium, bronze and ebony. Popular styles include the Calla and Blue Velvet necklaces, the Pirouette ring and Vague earrings. The pieces are handcrafted in the j
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News
- Who's the Bos? Van Cleef & Arpels Chief Nicolas Bos Named CEO of Richemont [Yahoo! Finance]Yahoo! Finance
- Cartier Owner Richemont Names New CEO As Sales Hit Record [Barron's]Barrons
- Richemont overhauls CEO role as it navigates luxury downturn [Financial Times (FT.com) (UK)]Financial Times
- Richemont sales growth tops expectations despite quarter-on-quarter slowdown [Yahoo! Finance]Yahoo! Finance
- Shares of Cartier owner Richemont climb on record full-year sales, new CEO [MSNBC.com]MSNBC.com