Richemont acquires distinctive Italian jewelry brand Vhernier
In a strategic move to enhance its luxury jewelry offerings, Richemont has announced its acquisition of 100% of Vhernier S.p.A., an Italian jewelry maison celebrated for its modern and distinctive designs. The private transaction will integrate Vhernier’s unique aesthetic into Richemont’s prestigious collection of jewelry maisons.
A Distinctive Addition to Richemont’s Esteemed Collection
Founded in 1984 in Valenza, Italy, and later acquired by the Traglio family in 2001, Vhernier has made its mark with jewelry that combines traditional craftsmanship with bold, innovative designs. Vhernier is headquartered in Milan and is noted for its modern sculptures inspired by the human body’s curves and essential forms, creating ergonomic shapes in its pieces. The maison’s use of unusual materials like titanium, bronze, and ebony alongside precious metals and gems defines its collections, including popular lines such as Calla and Palloncino.
All Vhernier pieces are meticulously handcrafted in Valenza, a city renowned for its exceptional jewelry manufacturing. The brand’s products are distributed through an exclusive network of mono-brand boutiques and prestigious multi-brand stores primarily across Europe and the United States.
Richemont secures a deal to acquire 100% of the Italian luxury jewelry maison Vhernier, known for its unique designs and exceptional craftsmanship.
Comments from Leadership
Johann Rupert, Chairman of Richemont, expressed enthusiasm about the acquisition: “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 jewelry Maisons. We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realize the full potential of this exceptional Maison within the thriving branded jewelry market.”
From Vhernier, both Chairman Carlo Traglio and CEO Maurizio Traglio shared their positive outlook on joining Richemont: “We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewelry. We firmly believe that our distinctive jewelry Maison will flourish under Richemont’s stewardship, expertise, and careful nurturing.”
Future Outlook and Impact
The acquisition is expected to have no material financial impact on Richemont’s consolidated net assets or operating results for the year ending 31 March 2025. Vhernier’s results will be incorporated under Richemont’s Jewellery Maisons business area post-completion, which remains subject to customary conditions and regulatory approvals.
This acquisition is a strategic enhancement for Richemont, allowing the company to diversify its luxury jewelry portfolio with Vhernier’s unique designs. It represents an investment in distinctive craftsmanship and innovative materials that can broaden the appeal of Richemont’s offerings in the global luxury market.