Richemont to acquire Italian jewellery brand Vhernier

Richemont has reached an agreement to acquire 100% of Vhernier S.p.A., a distinctive Italian jewellery brand, in a private transaction with the Traglio family. The acquisition will bolster Richemont's jewellery division, which outperformed watches and fashion last quarter.

Transaction snapshot

  • Deal value: N/A
  • Deal multiples: N/A
  • Deal type: Acquisition
  • Investors: Richemont

Founded in Valenza, Italy in 1984 and headquartered in Milan, Vhernier is renowned for its distinctive modern aesthetic, inspired by the curves of the human body and modern sculpture.

Vhernier's jewellery pieces are handcrafted in Valenza and sold through a selective network of mono-brand boutiques and prestigious multi-brand stores, predominantly in Europe and the United States. The brand also operates De Vecchi Milano 1935, an Italian heritage silverware home decor brand.

Richemont Chairman Johann Rupert commented that Vhernier's unique aesthetic perfectly complements the group's existing collection of renowned jewellery Maisons. Carlo Traglio, Chairman, and Maurizio Traglio, CEO of Vhernier, expressed their belief that the brand will flourish under Richemont's stewardship, expertise, and careful nurturing.

The transaction will have no material financial impact on Richemont's consolidated net assets or operating result for the year ending 31 March 2025. Vhernier's results will be reported under the Jewellery Maisons business area, alongside Cartier, Van Cleef & Arpels, and Buccellati. Completion remains subject to certain customary conditions and regulatory approvals.

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