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Richemont to Acquire Italian Jeweler Vhernier

Founded in Valenza, Italy in 1984 and headquartered in Milan, Vhernier was acquired by the Traglio family in 2001.

Published

2 weeks ago

May 7, 2024

INSTORE Staff

Richemont plans to acquire Italian jeweler Vhernier S.p.A. in a private transaction.

Founded in Valenza, Italy, in 1984 and headquartered in Milan, Vhernier was acquired by the Traglio family in 2001.

Financial terms of the deal were not disclosed. The transaction is subject to customary conditions and regulatory approvals.

More from the press release:

Vhernier is renowned for the distinctive modern aesthetic of its design jewellery, inspired by the curves of the human body and the essential forms of modern sculpture to create bold sculptural and ergonomic shapes, as well as for the unusual combination of traditional precious metals and gems with unconventional materials such as titanium, bronze and ebony. These characteristics, brought to life by innovative craftmanship, can be seen throughout the Maison’s collections, amongst them Calla and Palloncino.

All jewellery pieces are handcrafted in Valenza, recognised for its jewellery manufacturing excellence, ensuring the highest level of craftsmanship and quality. They are sold through a highly selective network of mono-brand boutiques and prestigious multi-brand stores, predominantly in Europe and the United States.

Vhernier also operates De Vecchi Milano 1935, an Italian heritage silverware home decor brand, recognised for its timeless contemporary design, with whom it shares the same passion for design, quality and Made in Italy craftsmanship.

Johann Rupert, Chairman of Richemont, commented:

“Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship. This unique aesthetic perfectly complements our existing collection of renowned jewellery Maisons. We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realise the full potential of this exceptional Maison within the thriving branded jewellery market.”

Carlo Traglio, Chairman, and Maurizio Traglio, CEO of Vhernier, commented:

“We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewellery. We firmly believe that our distinctive jewellery Maison 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. The results of Vhernier will be reported under the Jewellery Maisons business area. Completion remains subject to certain customary conditions and regulatory approvals.

About Richemont

At Richemont, we craft the future. Our unique portfolio includes prestigious Maisons distinguished by their craftsmanship and creativity. Richemont’s ambition is to nurture its Maisons and businesses and enable them to grow and prosper in a responsible, sustainable manner over the long term.Richemont operates in three business areas: Jewellery Maisons with Buccellati, Cartier and Van Cleef & Arpels; Specialist Watchmakers with A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Panerai, Piaget, Roger Dubuis and Vacheron Constantin; and Other, primarily Fashion & Accessories Maisons with Alaïa, AZ Factory, Chloé, Delvaux, dunhill, Gianvito Rossi, Montblanc, Peter Millar including G/FORE, Purdey, Serapian as well as Watchfinder & Co. In addition, Richemont operates NET-A-PORTER, MR PORTER, THE OUTNET, YOOX and the OFS division.

Richemont ‘A’ shares are listed and traded on the SIX Swiss Exchange, Richemont’s primary listing, and are included in the Swiss Market Index (‘SMI’) of leading stocks. The ‘A’ shares are also traded on the Johannesburg Stock Exchange, Richemont’s secondary listing.

About Vhernier

Vhernier is a House of creation sculpting entirely by hand, in Italy, innovative design jewellery in pure Milanese elegance. Since its earliest prototypes, imagined in the mid-1980s, Vhernier has been designing jewellery with an unmistakable style, whose beauty and value are rooted in innovative design and enhanced by passionate craftsmanship using only the finest materials. To give body to its aesthetic vision, Vhernier creates new forms, uses unusual materials, and develops innovative crafting techniques. The creations are born out of extensive research into design, which aims to solve the complexities of construction.

Related Topics: acquisition Richemont Vhernier

INSTORE Staff

Over the years, INSTORE has won 80 international journalism awards for its publication and website. Contact INSTORE's editors at editor@instoremag.com.

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