financi re richemont sa type public traded as six cfr jse cfr 1 industry management predecessor rembrandt group limited 1 founded geneva switzerland 1988 1988 1 founder johann rupert 1 headquarters bellevue switzerland 1 area served worldwide key people johann rupert chairman 1 services management logistics revenue 11.076 billion 2016 10.410 billion 2015 2 operating income 2.061 billion 2016 2.670 billion 2015 2 profit 2.227 billion 2016 1.334 billion 2015 2 total assets 20.125 billion 2016 20.450 billion 2015 2 total equity 15.047 billion 2016 14.420 billion 2015 2 owner compagnie financi re rupert 9.1 % 1 number of employees 28 810 2016 28 324 2015 2 divisions jewellery maisons specialist watchmakers other businesses 1 subsidiaries see article section website richemont.com compagnie financi re richemont sa is a switzerland based luxury goods holding company founded in 1988 by south african businessman johann rupert . through its various subsidiaries richemont designs manufactures distributes and sells premium jewellery watches leather goods writing instruments firearms clothing and accessories . richemont is publicly traded as cfr on the six swiss exchange and the jse securities exchange . the brands it owns include a. lange & s hne azzedine ala a baume & mercier cartier chlo dunhill iwc schaffhausen giampiero bodino jaeger lecoultre lancel montblanc officine panerai piaget peter millar purdey roger dubuis shanghai tang vacheron constantin and van cleef & arpels . as of november 2012 update compagnie financi re richemont sa is the sixth largest corporation by market capitalization in the swiss market index . as of 2014 richemont is the second largest luxury goods company in the world after lvmh . 3 contents 1 history 2 organization 3 ownership and control 4 investments 4.1 subsidiaries 4.2 joint ventures 4.3 other investments 5 former investments 6 website blocking 7 notes 8 references 9 external links history edit johann rupert founded compagnie financi re richemont sa in 1988 when he spun off the international assets of rembrandt group ltd. now remgro limited a south africa based company founded in the 1940s by his father dr. anton rupert . 4 5 the luxury goods investments of rembrandt group combined with rothmans international formed the initial group of richemont subsidiaries . 6 7 in march 2007 richemont and polo ralph lauren inc. announced the formation of a 50 50 joint venture the polo ralph lauren watch and jewelry company s rl . 8 in october 2008 the group divested all of its remaining interests in the tobacco industry . 9 as of november 2012 update compagnie financi re richemont sa is the sixth largest corporation by market capitalization in the swiss market index . 10 as of 2014 richemont is the second largest luxury goods company in the world after lvmh . 3 organization edit compagnie financi re richemont sa organizes its business activities into three operating divisions jewellery maisons specialist watchmakers and other businesses . 1 cartier and van cleef & arpels constitute the jewellery maisons . the specialist watchmakers group is composed of a. lange & s hne baume & mercier iwc schaffhausen jaeger lecoultre officine panerai piaget roger dubuis vacheron constantin and the joint venture with the ralph lauren watch & jewelry co. the other businesses division includes azzedine ala a chlo dunhill lancel montblanc peter millar purdey and shanghai tang . 1 ownership and control edit the largest significant shareholder of compagnie financi re richemont sa is compagnie financi re rupert a swiss company that holds shares controlled and principally owned by johann rupert . compagnie financi re rupert owns 522 000 000 class b shares of compagnie financi re richemont sa representing 9.1 % of the equity and 50 % of the voting rights . johann rupert and compagnie financi re rupert also hold 2 836 664 class a shares or a share equivalents as of the end of march 2016 . 2 investments edit subsidiaries edit the following companies are wholly owned subsidiaries of compagnie financi re richemont sa unless otherwise noted . 1 a. lange & s hne watches ; based in glash tte germany azzedine ala a women s fashions ; based in paris france baume & mercier watches ; based in geneva switzerland cartier jewellery and watches ; based in paris france chlo women s clothing ; based in paris france dunhill men s clothing watches and leather goods ; based in london united kingdom giampiero bodino high jewellery ; based in milan italy iwc schaffhausen watches ; based in schaffhausen switzerland lancel leathergoods ; based in paris france and with as of february 2014 marianne romestain as chief executive officer 11 12 jaeger lecoultre watches ; based in le sentier switzerland montblanc writing instruments and watches ; based in hamburg germany officine panerai watches ; based in florence italy peter millar men s and women s apparel ; based in durham nc usa piaget jewellery watches ; based in geneva switzerland purdey firearms ammunition ; based in london united kingdom roger dubuis watches ; based in geneva switzerland shanghai tang men s and women s fashions ; based in hong kong vacheron constantin watches ; based in geneva switzerland van cleef & arpels jewellery watches ; based in paris france joint ventures edit ralph lauren watch and jewelry co. 50 % watches jewellery ; based in geneva switzerland . 13 other investments edit yoox net a porter group ecommerce ; based in milan italy . 14 former investments edit in 2000 the group sold its minority stake in vivendi representing its exit from all previous media interests which had included nethold and canal . richemont acquired british clothing retailer hackett limited in 1992 . 15 on 2 june 2005 richemont announced its sale to spanish investment company torreal s.c.r. s.a. 16 17 richemont and mimi so formed a joint venture in 2004 18 19 richemont s first investment in an american brand . 20 in 2007 richemont requested to become the majority partner of the joint venture . mimi so declined and purchased richemont s stake in the venture . in 2008 richemont spun off all of its non luxury goods businesses principally richemont s stake in british american tobacco into a newly formed separately traded holding company reinet investments s.c.a. 21 22 23 in 2015 the net a porter group was merged with the yoox group in an all share transaction . richemont is the largest shareholder in the enlarged group . 1 24 website blocking edit in october 2014 the first blocking order against trademark infringing consumer goods was passed against the major uk isps by richemont cartier international and montblanc to block several domains selling trademark infringing products . 25 notes edit a b c d e f g h i j k l richemont annual report and accounts 2015 pdf . richemont.com . retrieved 5 june 2015 . a b c d e f g richemont company announcement issued on 20 may 2016 pdf . richemont . retrieved 20 may 2016 . a b european sales help luxury group richemont balance a decline in asia remgro 2011 . international directory of company histories 2007 . richemont . history including significant investments and divestments . retrieved october 2015 . check date values in access date help domisse & esterhuyse 2009 pp. 322 324 . richemont and polo ralph lauren announce the formation of the polo ralph lauren watch and jewellery company . richemont.com . retrieved 5 march 2007 . richemont to spin off its tobacco holdings . the wall street journal . retrieved 2 august 2008 . swiss exchange 2012 . szmydke paulina 6 february 2014 . lancel names romestain ceo . wwd . retrieved 6 february 2014 . szmydke paulina 6 february 2014 . marianne romestain tapped as lancel ceo . wwd . retrieved 7 february 2014 . ralph lauren watch and jewelry company to unveil its first timepieces at salon international de la haute horlogerie 2009 . ralph lauren watches . retrieved 1 september 2008 . investor relations shareholders . menkes 2010 . butler 2005 . richemont 2005 . thompson 2004 . karimzadeh 2004 . elite traveler 2010 . richemont 2012a . gelnar 2007 p. a. 13 . reinet 2012 . richemont richemont . merger of net a porter with yoox completed with a significant one off accounting gain estimated between 610 and 670 million . retrieved 5 october 2015 . little trevor . landmark judgment handed down in dispute between richemont and isps . retrieved 17 october 2014 . references edit butler sarah 2005 06 03 . spanish buy hackett for 15m . the times . london times newspapers ltd. issn 0140 0460 . oclc 488231355 . retrieved 2012 11 03 . subscription required campbell keith ; mulier thomas 2009 11 13 . hyperinflation worries buy my jewelry richemont s rupert says . bloomberg businessweek . bloomberg . issn 0007 7135 . archived from the original on 2012 11 03 . retrieved 2012 11 03 . demarco anthony 2012 01 16 . richemont q3 revenue soars 24 % . forbes . forbes.com llc . issn 0015 6914 . archived from the original on 2012 11 03 . retrieved 2012 11 03 . dommisse ebbe ; esterhuyse willie 2009 . anton rupert a biography . cape town south africa tafelberg publishers . isbn 9780624048190 . gelnar martin 2007 11 20 . richemont raises profile with tobacco spinoff plan . wall street journal . new york dow jones & company . p. a. 13 . issn 0099 9660 . archived from the original on 2012 11 21 . retrieved 2012 11 21 . subscription required karimzadeh marc 2004 01 04 . richemont acquires stake in mimi so . women s wear daily . new york cond nast publications . 187 8 3 . issn 0043 7581 . retrieved 2012 11 21 . we are confident with the backing of richemont mimi so will grow at both retail and wholesale ed mcquigg said ... we are confident her philosophy and unparalleled talent will translate into significant brand expansion both domestically and internationally for mimi so . subscription required menkes suzy 2010 01 11 . hackett a heritage that s oh so british . the new york times . new york the new york times company . issn 0362 4331 . oclc 1645522 . archived from the original on 2012 11 18 . retrieved 2012 11 18 . thompson michael 2004 02 18 . richemont partners with mimi so . professional jeweler . philadelphia bond communications the industry group . issn 1097 5314 . oclc 38172124 . archived from the original on 2012 11 16 . retrieved 2012 11 16 . about reinet investments s.c.a . reinet.com . reinet investments . 2012 . archived from the original on 2012 11 16 . retrieved 2012 11 16 . compagnie financiere richemont . gale business insights essentials . gale . 2012 . oclc 798738293 . retrieved 2012 11 21 . subscription required company history . remgro.com . remgro group . 2011 . archived from the original on 2012 11 03 . retrieved 2012 11 03 . history including significant investments and divestments . richemont.com . compagnie financi re richemont . 2012 . archived from the original on 2012 11 03 . retrieved 2012 11 03 . international directory of company histories . 50 . farmington hills michigan st. james press . june 2007 . isbn 9781558627031 . leaders in luxury mimi so . elitetraveler.com . elite traveler . 2010 . archived from the original on 2012 11 16 . retrieved 2012 11 16 . our businesses . richemont.com . compagnie financi re richemont . 2011 . archived from the original on 2011 01 15 . retrieved 2011 01 15 . in 2007 compagnie financi re richemont sa and ralph lauren combined their expertise to create the ralph lauren watch & jewelry company in a joint venture . richemont annual report and accounts 2012 pdf . compagnie financi re richemont . 2012 05 16 . isbn 9782970070948 . archived from the original on 2012 11 03 .