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Swiss Richemont acquires leather goods company Delvaux

Photo: Delvaux

Richemont, a leading Swiss luxury goods company, announced that it has acquired 100% of the famous Belgian luxury leather goods Maison Delvaux in a private transaction. Richemont manufactures and sells jewelery, watches, leather goods, pens, firearms, clothing and accessories through various subsidiaries.

Delvaux leather products are made by skilled artisans in Belgian and French workshops and are sold primarily in a quality network of 50 boutiques around the world. The acquisition of Richemont will enable Delvaux to leverage the Group’s global presence and digital capabilities to develop omni-channel opportunities and customer engagement, placing Delvaux at the next stage of development, Richemont said in a media statement. It is stated in.

This transaction has no significant financial impact on Richemont’s consolidated net assets or the results of the fiscal year ending March 31, 2022. Delvaux’s performance is reported in the “Other” business area.

“Delvaux is a full-fledged European luxury leather goods maison with a strong tradition, unique savoir-fair and outstanding manufacturing capacity. The rich archive and creative momentum of the Maison over the last decade has been long-term It represents a solid foundation for the growth of the company and strengthens Richemont’s presence at the top of the leather goods category. We are pleased to welcome Delvaux’s management and team to Richemont. We look forward to working with you to bring the Maison to its full potential under the control of the Group, “said Philip Fortunato, CEO of the Fashion and Accessories Maison. ..

Fiber2Fashion News Desk (GK)

Richemont, a leading Swiss luxury goods company, announced that it has acquired 100% of the famous Belgian luxury leather goods Maison Delvaux in a private transaction. Richemont manufactures and sells jewelery, watches, leather goods, pens, firearms, clothing and accessories through various subsidiaries.



Swiss Richemont acquires leather goods company Delvaux

Source link Swiss Richemont acquires leather goods company Delvaux

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