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)

28.6K

Industries

Luxury & Specialty Goods
Industrial Machinery & Manufacturing
Consumer Services

Company Description

Compagnie Financière Richemont SA engages in the designing, manufacturing and distribution of luxury goods. The company operates its business 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. Compagnie Financière Richemont was founded by Johann P. Rupert in September 1988 and is headquartered in Bellevue, Switzerland.

Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

Group General Counsel

Chief Technology Officer

Chief Transformation Officer

Head of Specialist Watchmakers Distribution

Director of Entertainment

Group Human Resources Director

Chief Executive Officer of Piaget

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Board of Directors

Chief Executive Officer at Barclays Africa Group Ltd.

Co-Founder at Vanterra Capital Ltd.

Chief Executive Officer at Compagnie Financière Richemont SA

Senior Member of the Advisory Board at Silver Lake Management Co. LLC

Managing Partner & Co-Founder at de Pury Pictet Turrettini & Cie SA

Chief Financial Officer at Compagnie Financière Richemont SA

Advisor at United States Department of Homeland Security

Partner at Lenz & Staehelin AG

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Owners & Shareholders
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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.

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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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Recent Transactions
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Compagnie Financière Richemont SA purchases YOOX Net-A-Porter SpA

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Tangs Department Stores Ltd. /Bastagli purchases Tangs Department Stores Ltd. from Compagnie Financière Richemont SA

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Compagnie Financière Richemont SA purchases Dufry AG

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Transaction Advisors
Legal Advisor

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

Legal Advisor

Advised onCompagnie Financière Richemont SA purchases YOOX Net-A-Porter SpA

Investment Advisor

Advised onCompagnie Financière Richemont SA purchases Les Manufactures Horlogères SA

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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

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Advisors & Consultants
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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

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Clients

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, the Kaufhof Banners; and HBC Off Price segments. It also invests in real estate joint ventures. The company was founded on May 2, 1670 and is headquartered in Toronto, Canada.

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

YOOX Net-A-Porter SpA engages in the fashion electronic commerce business. It operates through the Multi-brand and Mono-brand segments. The Multi-brand segment includes activities relating to the multi-brand online stores yoox.com, thecorner.com, and shoescribe.com. The Mono-brand segment comprises the exclusive design, creation and management of the online stores of some of the top global fashion brands. The company was founded by Federico Marchetti on February 4, 2000 and is headquartered in Zola Predosa, Italy.

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Key Stats and Financials As of 2017
Market Capitalization
$48.3B
Total Enterprise Value
$38.5B
Earnings Per Share
$2.32
Revenue
$11.5B
Net Profit
$1.31B
EBITDA
$2.37B
EBITDAMargin
20.52%
Total Debt
$2.29B
Total Equity
$16.6B
Enterprise Value Sales
3.34x
Enterprise Value EBITDAOperating
16.28x
TEVNet Income
29.4x
Debt TEV
0.06x
Three Year Compounded Annual Growth Rate Of Revenue
-4.04%
Five Year Compounded Annual Growth Rate Of Revenue
1.49%
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Suppliers
Hongkong Land Holdings Ltd. Real Estate | Hamilton, HA

Hongkong Land is one of Asia's leading property investment, management and development groups. Founded in Hong Kong in 1889, Hongkong Land's business is built on partnership, integrity and excellence. In Hong Kong, the Group owns and manages some 450,000 sq. m (five million sq. ft) of prime commercial space that defines the heart of the Central Business District. In Singapore, it has been instrumental in the creation of the city-state's new Central Business District at Marina Bay with the expansion of its joint venture portfolio of new developments. Hongkong Land's properties in these and other Asian centres are recognised as market leaders and house the world's foremost financial, business and luxury retail names. Hongkong Land develops premium residential properties in a number of cities in the region, principally in China and Singapore where its subsidiary, MCL Land, is a significant developer. Hongkong Land Holdings Limited is incorporated in Bermuda. It has a premium listing on the London Stock Exchange, and secondary listings in Bermuda and Singapore. The Group's assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group

Las Vegas Sands Corp. Hotels, Resorts, and Cruiselines | Las Vegas, Nevada

Las Vegas Sands Corp. owns, operates and manages casino gaming operations, resort hotel facilities and riverboat casinos. It develops destination properties that feature accommodations, world-class gaming, entertainment, retail, convention, exhibition facilities and celebrity chef restaurants. It operates through the following segments: The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao; Other Asia; Marina Bay Sands; The Venetian Las Vegas, which includes the Sands Expo Center; The Palazzo and Sands Bethlehem. The company was founded by Sheldon G. Adelson in 1988 and is headquartered in Las Vegas, NV.

Eastern Property Holdings Ltd. Real Estate | Road Town, TO

Eastern Property Holdings Ltd. engages in investing, financing, and developing real estate properties and activities. It operates through the following segments: Rental Properties, Development Properties and Development Financing & Administration. The Rental Properties segment handles retail and office spaces that are for lease. The Development Properties segment includes projects that will be part of the Rental Properties segment or will be appreciated and considered for sale. The Development Financing & Administration segment lends funds for the real estate development in Russia mostly in joint ventures where the company has interests. Eastern Property Holdings was founded on May 17, 1999 and is headquartered in Road Town, British Virgin Islands.

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Competitors
LVMH Apparel & Footwear - Paris, IF

LVMH Moët Hennessy Louis Vuitton SE engages in the manufacture of luxury goods. It operates through the following business segments: Wines & Spirits, Fashion & Leather Goods, Perfumes & Cosmetics, Watches & Jewelry, Selective Retailing, and Other Activities & Eliminations. The Wines & Spirits segment produces and sells high quality champagne wines and sparkling wines. It also distributes vodka and white liquor. The Fashion & Leather Goods segment engages in the manufacture of luggage items, bags, accessories, shoes and clothes. The Perfumes & Cosmetics segment engages in the production and distribution of make-up, perfume and skin care products. The Watches & Jewelry segment manufactures luxury watches and accessories form men and women. It specializes in the field of chronographs and ultimate precision. The Selective Retailing segment is organized to promote an environment that is appropriate to the image and status of the luxury brands. It engages in the sale of luxury products to international travelers and on board cruise ships. This segment also manages beauty stores that combine direct access and customer assistance to customers. The Other Activities & Eliminations segment includes media division. It publishes newspapers and magazines, manages business and financial websites and holds radio stations. This segment also engages in the real estate industry and builds luxury yachts. The company was founded on January 1, 1987 and is headquartered in Paris, France.

The Swatch Group AG Industrial Machinery & Manufacturing - Neuchâtel, NE

Swatch Group is an international group active in the design, manufacture and sale of finished watches, jewelry, watch movements and components. Swatch Group supplies nearly all components required by its nineteen watch brands, and Swatch Group companies supply movements and components to third-party watchmakers in Switzerland and around the world. Please be sure to visit our brands' websites to learn more about their fantastic products. Swatch Group is also a key player in the manufacture and sale of electronic systems used in watchmaking and other industries. Swatch Group employs more than 29 700 persons in over 50 countries. Gross sales in 2012 amounted to 8.143 billion Swiss francs (2011: 7.143), net profit to 1.608 billion Swiss francs (2011: 1.276 billion)

Kering Retail: Other - Paris, IF

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.