Compagnie Financière Richemont SA

Compagnie Financière Richemont SA

Compagnie Financière Richemont SA

Overview
Date Founded

1988

Headquarters

50 chemin de la Chênaie,Bellevue, Geneve (Geneva) 1293

Type of Company

Public

Employees (Worldwide)

28.7K

Industries

Luxury & Specialty Goods
Industrial Machinery & Manufacturing
Consumer Services

Company Description

Compagnie Financière Richemont SA engages in the design, manufacture, and distribution of luxury goods. It operates through the following segments: Jewellery Maisons, Specialist Watchmakers, and Other. The Jewellery Maisons segment engages in the designing, manufacturing and distribution of jewellery products which include Cartier, Van Cleef & Arpels and Giampiero Bodino. The Specialist Watchmakers segment includes the designs, manufactures and distributes precision timepieces. This segment comprises Piaget, A. Lange & Söhne, Jaeger-LeCoultre, Vacheron Constantin, Officine Panerai, IWC Schaffhausen, Baume & Mercier and Roger Dubuis. Its products include jewellery, watches, writing instruments and leather goods. The company was founded by Johann P. Rupert in September 1988 and is headquartered in Bellevue, Switzerland.

Executives & Employees

Chief Executive Officer

Chief Finance Officer

Chief Operating Officer

Chief Transformation Officer

Head of Specialist Watchmakers Distribution

Head of Fashion & Accessories Maisons

Group Human Resources Director

Director of Entertainment

President & Chief Executive Officer of Cartier

Chief Executive Officer of Piaget

Board of Directors

Chief Executive Officer at Absa Group Ltd.

Chairman & Chief Executive Officer at Palo Alto Networks, Inc.

Chief Executive Officer at ARC Group Worldwide Inc.

Chief Executive Officer at Compagnie Financière Richemont SA

Non-Managing Member at Elster Group SE

Chief Finance Officer at Compagnie Financière Richemont SA

Partner at Lenz & Staehelin AG

Advisor at United States Department of Homeland Security

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Owners & Shareholders
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Harris Associates uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. This investment philosophy is based upon the belief that, over time, a company’s stock price converges with the company’s intrinsic or true business value. The firm's investment philosophy spans across large, mid and small cap companies. In addition, in connection with certain investment strategies that have direct or indirect foreign currency exposure, Harris may hedge a client’s exposure to such currencies. The firm's discretionary investment advisory services include a variety of investment strategies from which clients may select. These strategies include U.S. equity, U.S. concentrated equity, U.S. mid cap equity, balanced, equity and income, global all cap equity, global equity, global concentrated equity, international equity, international small cap equity, and Japan equity. Harris also provides variations of certain of these strategies to accommodate, among other things, currency hedging or country exclusions. The firm also provides U.S. equity and balanced portfolios to private clients. In connection with their balanced and equity and income strategies, Harris provides investment advice regarding a wide range of debt securities issued by U.S. and non-U.S. governments, government-sponsored entities, municipalities, international agencies and corporations. The debt securities portion of the balanced and equity and income strategies should, in Harris’ opinion, complement the strategies’ equity holdings. Harris aims for preservation of capital and generation of income in the debt portion of the strategies. In general, Harris selects what they believe are debt securities of high quality (typically U.S. Treasury and Agency securities, non-U.S. government securities, or highly-rated municipal and corporate securities) and short-to-intermediate maturities. Harris may also invest in medium and lower-grade debt securities.

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UBS Global Asset Management, a business division of UBS, is a large-scale asset manager with well-diversified businesses across regions, capabilities and distribution channels. We offer investment capabilities and investment styles across all major traditional and alternative asset classes. These include equity, fixed income, currency, hedge fund, real estate, infrastructure and private equity investment capabilities that can also be combined in multi-asset strategies. Invested assets totalled some CHF 599 billion at 31 March 2013. The firm is a leading fund house in Europe, the largest mutual fund manager in Switzerland* and one of the largest fund of hedge funds and real estate investment managers in the world. We have around 3,800 employees located in 24 countries. Our main offices are in London, Chicago, Frankfurt, Hartford, Hong Kong, New York, Paris, Singapore, Sydney, Tokyo and Zurich.

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Gardner Russo & Gardner (GRG) employs a long-term, global-value investment strategy. Investment decisions are made using primary, fundamental research directed towards a limited number of global industries with little input from Wall Street. They conduct research by analyzing a company's financial reports, attending annual, industry, and analyst meetings, and engaging its management in appropriate venues. GRG assess free-cash-flow generation, sustainability of franchise, earnings and pricing power, and quality of management; and match their judgments of these against the price of the company's stock. The firm buys at reasonable prices, and retains, meaningful positions of common stocks in concentrated industry groups, in competitively advantaged, global businesses that are run by able and honest managers.

Recent Transactions
Details Hidden

Compagnie Financière Richemont SA raised money in a private placement transaction

Details Hidden

Compagnie Financière Richemont SA purchases Watchfinder.co.uk Ltd. from Beringea LLP, Piton Capital LLP

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James Purdey & Sons Ltd., Compagnie Financière Richemont SA purchase Royal County of Berkshire Shooting School Ltd.

Transaction Advisors
Legal Advisor

Advised onBritish American Tobacco Plc purchases Rothmans International Plc from Compagnie Financière Richemont SA

Investment Advisor

Advised onCompagnie Financière Richemont SA purchases Les Manufactures Horlogères SA

Accountant

Advised onThe Swatch Group AG purchases Cartier International SA /Villeret Operations from Compagnie Financière Richemont SA

Legal Advisor

Advised onYOOX Net-A-Porter SpA purchases The NET-A-PORTER Group Ltd. from Compagnie Financière Richemont SA resulting in a new company Yoox Net-A-Porter Group

Associate

Advised onYOOX Net-A-Porter SpA purchases The NET-A-PORTER Group Ltd. from Compagnie Financière Richemont SA resulting in a new company Yoox Net-A-Porter Group

Advisors & Consultants
Consultant

Chief Legal Counsel at Reinet Investments SCA

Legal Advisor

Former Clerk at United States District Court for the Eastern District of New York

Consultant

President at European Foundation For Management Development

Clients

Chow Tai Fook is a leading jeweller in Mainland China and Hong Kong. It was one of the first Asian large-scale jewellers to penetrate Tier II, Tier III and Tier IV cities in Mainland China. Chow Tai Fook Jewellery Group Limited ("Chow Tai Fook" or the "Company") is a leading jeweller in Mainland China, Hong Kong and Macau with a heritage of over 80 years. Our principal products are mass luxury and high-end luxury jewellery products including gem-set jewellery, gold products, platinum and karat gold products, and watches. Our iconic brand "???" (CHOW TAI FOOK) and long-standing history of over 80 years of operations represent key competitive advantages of our business. The "???" (CHOW TAI FOOK) brand is recognised for its trust and authenticity, and our products are known for their design, quality and value. Chow Tai Fook has an extensive retail network, with over 1,800 jewellery and watch points of sale. We have a sophisticated vertically integrated business model that gives us effective and tight control over our processes, from raw material procurement to design, production, marketing and sales through our extensive retail network

Kering SA engages in the retail of apparels and accessories. It designs, manufactures, and markets luxury products. The company operates through the following segments: Luxury and Sports & Lifestyle. The Luxury segment gathers portfolio of highly attractive brand including Gucci, Bottega Veneta, Saint Laurent, Alexander McQueen, Balenciaga, Brioni, Christopher Kane, McQ, Stella McCartney, Tomas Maier, Sergio Rossi, Boucheron, Dodo, Girard-Perregaux, JeanRichard, Pomellato, Qeelin, and Ulysse Nardin. The Sports & Lifestyle brings iconic brands including Puma, Volcom, Cobra, Electric, and Tretorn. Kering was founded on June 24, 1881 and is headquartered in Paris, France.

Hudson's Bay Co. engages in the ownership and operation of department stores, which engages in the sale of fashion apparel, accessories, cosmetics, and home products. It operates under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, and Galeria Kaufhof department stores. The company was founded on May 2, 1670 and is headquartered in Toronto, Canada.

Key Stats and Financials As of 2018
Market Capitalization
$47.5B
Total Enterprise Value
$42.3B
Earnings Per Share
$2.45
Revenue
$12.5B
Enterprise Value Sales
3.4x
Enterprise Value EBITDAOperating
15.36x
TEVNet Income
30.55x
Debt TEV
0.23x
EBITDAMargin
22.12%
EBITDA
$2.76B
Net Profit
$1.38B
Total Debt
$9.64B
Total Equity
$17.2B
Three Year Compounded Annual Growth Rate Of Revenue
0.5%
Five Year Compounded Annual Growth Rate Of Revenue
0.3%
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