Recently, Richemont Group demonstrates sustained resilience for the 3Q- six-month period ended 30 September 2024. On 12 September 2024, we completed the acquisition of 100% of Vhernier S.p.A, the distinctive Italian jewellery Maison, in a private transaction, following fulfilment of customary conditions and clearing of applicable regulatory approvals.
Maison Vhernier brings a distinguished and distinctive design that perfectly complements our existing collection of renowned Jewellery Maisons. We very much look forward to leveraging the Group’s infrastructure and know-how to realise the Maison’s full potential in the international jewellery market.
On 1 June 2024, Nicolas Bos, formerly Chief Executive Officer of Van Cleef & Arpels, assumed the role of Chief Executive Officer of Richemont and joined the Senior Executive Committee, with direct oversight of all the Maisons, functions and regions.
Nicolas has had a fantastic track record in the course of his 32-year career within the Group, culminating in his having transformed Van Cleef & Arpels into the exquisite jewellery powerhouse it is today. I know that Nicolas, supported by a strong leadership across the Group will successfully steer Richemont through the next phase of its evolution.
As a case in point, on 1 September 2024, two strong leaders were appointed at the helm of our flagship Jewellery Maisons, reporting to Nicolas. I am very pleased that Louis Ferla became President and CEO of Cartier, succeeding Cyrille Vigneron who decided to retire after eight successful years in the role.
Throughout his 23-year career at Richemont, principally at Cartier and since 2017 as CEO of Vacheron Constantin, Louis has earned the respect of both colleagues and the industry at large. I have every confidence that Cartier will continue to thrive under his leadership. I would also like to once again express my gratitude to Cyrille for his invaluable contributions over the years.
Likewise, I am delighted that Catherine Rénier succeeded Nicolas as CEO of Van Cleef & Arpels, following her successful 25-year career within the Group, which spanned Cartier, Van Cleef & Arpels and Jaeger-LeCoultre where she had been CEO since 2018. I am confident that Catherine brings the perfect mix of experience and leadership skills to the role, which will prove invaluable to ensure Van Cleef & Arpels’ continued success.
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