ABOUT COMPAGNIE FINANCIERE RICHEMONT SA
📊 Compagnie Financiere Richemont SA was established in 1988 by the Rembrandt Group Ltd of South Africa through the ownership of international assets, so that today the company owns some of the world’s top luxury brands in jewellery and design. The Rembrandt Group, established in the 1940s by prominent South African businessman Dr Anton Rupert, owns large interests in a number of important industries, including the financial services, tobacco, wine and spirits, gold and diamond mining and luxury goods industries as well as Rothmans International.
📊 In 1988 Johann Rupert founded Compagnie Financière Richemont when he spun off the international assets of Rembrandt Group Ltd. (now Remgro Limited). The luxury goods investments of Rembrandt Group combined with Rothmans International formed the initial group of Richemont subsidiaries.
📊 In March 2007, Richemont and Polo Ralph Lauren Inc. announced the formation of a 50/50 joint venture, the Polo Ralph Lauren Watch and Jewellery Company SÀRL.
📊 In October 2008, the Group divested all of its remaining interests in the tobacco industry.
📊 As of November 2012, Compagnie Financière Richemont SA was the sixth largest corporation by market capitalization in the Swiss Market Index.By 2014, Richemont was the second-largest luxury goods company in the world.
📊 Compagnie Financiere Richemont SA has headquarters in Bellevue, Switzerland, and commands a broad market presence in the international luxury goods industry that spans Europe, the Americas, Africa, Asia and the Middle East. Operating through a number of exclusive jewellery houses and other prominent high-end craftsman houses, the company encompasses the design and distribution of jewellery, precision timepieces and luxury accessories. These acquisitions include some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger Le-Coultre, IWC and Montblanc.
COMPAGNIE FINANCIERE RICHEMONT SA PERFORMANCE
- Compagnie Financiere Richemont SA‘s continued growth has been bolstered by a number of important drivers, including its geographic spread, its wide portfolio of luxury products, and the prestigious acquisitions behind these product sales.
- Financial data reflected a 6% increase in sales at actual exchange rates, showing an overall growth forecast across Richemont’s jewellery, leather goods and clothing sectors, positively affecting its share price for those who wish to purchase shares on the Johannesburg Stock Exchange (JSE), where it currently trades under the stock symbol -CFR.
- Regional demand grew in Europe, the Americas, the Middle East and Japan, with retail channels improving on wholesale channels.
- The Group is managed with the objective of growing value for shareholders over the long-term, recognising that the most important assets of the Group – its Maisons – have almost all been in existence for over a century.
- The independence of each Maison within the Group is fundamental to Richemont’s overall growth strategy. Each Maison focuses on increasing awareness and desirability by developing creative products and targeted marketing strategies. The Maisons’ products are sold through a network of boutiques owned by the Group, franchise operations and through boutiques owned by third parties.
COMPAGNIE FINANCIERE RICHEMONT SA INVESTOR TIPS
- The company’s long-term growth strategy is set to increase value for its shareholders going forward. This strategy, which would secure the company’s market position, consists of five integrated pillars, including robust governance and ethics, responsible sourcing and product integrity, continued employee development, environmental responsibility to reduce its carbon footprint, and community investment.
- The live online stock charts show that Compagnie Financiere Richemont SA‘s share price makes it a strong buy, with a market cap of over R500 billion, while the company’s overall growth strategy means that buy-ins will yield good long-term dividends for investors who choose to buy shares in 2019.