Compagnie Financiere Richemont SA
BRIEF: For the fiscal year ended 31 March 2013, Compagnie Financiere Richemont SA revenues increased 14% to EUR10.15B. Net income increased 30% to EUR2.01B. Revenues reflect Jewellery segment increase of 13% to EUR5.21B, Watches segment increase of 18% to EUR2.75B, Clothing and Other segment increase of 16% to EUR1.43B, Other Asia segment increase of 23% to EUR1.56B, Other Europe segment increase of 19% to EUR1.69B.
Compagnie Financiere Richemont SA is a Switzerland-based luxury goods company. The Company operates in four segments: Jewellery Maisons; Specialist Watchmakers; Montblanc Maison, and Other. The Jewellery Maisons segment engages the design, manufacture and distribution of jewellery products. The products sold within this segment comprise Cartier and Van Cleef & Arpels. The Specialist Watchmakers segment covers the design, manufacture and distribution of precision timepieces. The segment comprises Piaget, A. Lange & Soehne, Jaeger-Lecoultre, Vacheron Constantin, Officine Panerai, IWC, Baume & Mercier and Roger Dubuis. The Montblanc Maison segment engages the design, manufacture and distribution of writing instruments. The Other segment mainly covers the operations of Alfred Dunhill, Lancel, Chloe, Net-a-Porter, Purdey, textile brands and other manufacturing entities. The Company operates subsidiaries and joint ventures located in Europe, the United States and Asia, among others.