About Richemont Richemont owns several of the world's leading companies in the field of luxury goods, with particular strengths in jewellery, luxury watches and writing instruments. We seek to preserve the heritage and identity of each of our Maisons. At the same time we are committed to innovating and designing new products which are in keeping with our Maisons’ values and heritage, through a process of continuous creativity. Where we operate Richemont’s headquarters are based in Geneva, Switzerland. We also have four regional offices in Geneva, Tokyo, Hong Kong and New York providing support services to our Maisons. We directly employ 19 600 people. Two-thirds of the employees are based in Europe where most of the manufacturing takes place. A quarter of employees are based in the Far East, in retail, distribution, after-sales service and administration functions. The Americas region is the third significant area of employment. Each Maison has its own head office based in different countries worldwide. Significant changes in 2008/09 On 8 August 2008, Richemont announced details of its planned restructuring. This involved the separation of Richemont's luxury goods business from its other interests; the distribution to Unitholders of 90% of the Group's shareholding in British American Tobacco plc; and the creation of a separate investment vehicle to be known as Reinet Investments SCA. Reinet is listed on the Luxembourg Stock Exchange and trades independently from the luxury goods business. This restructuring became effective as of 20 October 2008. For more information please see our Annual Report. |
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