Richemont Shareholders Approve Luxury Focus

Parent of Cartier, Dunhill and Chloe to de-merge luxury activities from its tobacco and other businesses.

LONDON – Shareholders of Compagnie Financiere Richemont SA gave the green
light to a proposed de-merger of the firm’s luxury goods business from its tobacco and other interests.

As a result, the first phase of Richemont’s re-structuring will begin on Monday, October 20. Richemont, parent of brands including Cartier, Dunhill and Chloe, will continue to be listed on the Swiss stock exchange.


For complete coverage, see Friday’s WWD.