The Group’s luxury goods businesses are reported within: (i) Jewellery Maisons; (ii) Specialist Watchmakers; (iii) Online Distributors; and (iv) Other. Each of the Maisons and Online Distributors in the Group enjoys a high degree of autonomy, with its own management group under a chief executive officer. To complement those businesses, the Group has established central support functions and a regional functions structure around the world to provide specialised support in terms of distribution, finance, legal, IT and administration.
Compagnie Financière Rupert, a Swiss partnership limited by shares, holds 5 221 000 Richemont ‘A’ shares and 522 000 000 Richemont ‘B’ registered shares representing 10% of the equity of the Company and controlling 51% of the Company’s voting rights. Mr Johann Rupert, Chairman of Richemont, is the sole General Managing Partner of Compagnie Financière Rupert. Messrs Ruggero Magnoni and Anton Rupert, both non-executive directors of the Company, and Prof Juergen Schrempp, are partners of Compagnie Financière Rupert.
As at 31 March 2020, there were no other significant shareholders in the Company, i.e. with at least 3% of the voting rights. No disclosure notifications were published during the year under review. Disclosure notifications by significant shareholders of the Company can be viewed on the SIX Swiss Exchange’s website.
Richemont does not hold an interest in any company which is itself a shareholder in the Group.