Richemont Acquires 100% of Vhernier
The Italian fashion house Vhernier was acquired by the Swiss luxury giant, which formalised the agreement for the total takeover from the Traglio family, owner since 2001.
Richemont announces the 100% acquisition of Vhernier, the famous Italian Maison founded in Valenza in 1984 and known for its innovative designer jewellery and distinctive modern aesthetics, whose hand-crafted jewellery has gained a prominent place in boutiques throughout Europe and the United States.
Vhernier's uniqueness lies in the unusual combination of traditional precious metals and gems with unconventional materials such as titanium, bronze and ebony. An aesthetic vision that comes to life thanks to innovative craftsmanship and that distinguishes all the Maison's collections, including Calla and Palloncino.
Johann Rupert, President of Richemont, commented:
"The Maison Vhernier has a unique and distinctive design, beautifully combining modern, bold and elegant shapes with unconventional materials, enhanced by exceptional craftsmanship. This Maison with its unmistakable aesthetic is a perfect complement to our portfolio of renowned jewellery Maisons. We are thrilled to welcome the talented team of Vhernier into the Richemont family and to work together soon to realise the full potential of this exceptional Maison in a flourishing market for branded jewellery."
Carlo Traglio, President, and Maurizio Traglio, CEO of Vhernier, added:
"We are delighted that Maison Vhernier is joining the Richemont Group, the undisputed leader in designer jewellery. We firmly believe that our Maison will accelerate its development with the expert and attentive contribution of Richemont".
The transaction will have no significant financial impact on Richemont's results for the current year, subject to regulatory approval. Vhernier's results will be reported in the "Jewellery Maisons" business area of the group.
