Geneva—Luxury conglomerate Richemont announced on Monday the successful acquisition of Italian jewelry brand Vhernier, marking another milestone in its expanding portfolio.
Founded in Valenza, Italy, in 1984, Vhernier has built a reputation for its contemporary design ethos, drawing inspiration from the human form and modern sculpture. The brand, which was acquired by the Traglio family in 2001, has distinguished itself with collections characterized by sculptural and ergonomic shapes, blending traditional precious materials with innovative elements such as titanium, bronze, and ebony.
Richemont Chairman Johann Rupert praised Vhernier’s unique aesthetic, stating, “Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship.”
The acquisition of Vhernier is seen as a strategic move to complement Richemont’s existing jewelry portfolio, which includes renowned names like Cartier, Van Cleef & Arpels, and Buccellati, the latter being its most recent jewelry acquisition.
Expressing optimism about the collaboration, Rupert remarked, “We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realize the full potential of this exceptional maison within the thriving branded jewelry market.”
Vhernier’s exquisite jewels, handcrafted in Valenza, are retailed through a network of mono-brand boutiques and multi-brand stores across the United States and Europe. Additionally, the brand operates De Vecchi Milano 1935, an esteemed Italian heritage brand specializing in silverware and home décor.
In a joint statement, Vhernier Chairman Carlo Traglio and CEO Maurizio Traglio expressed their satisfaction with the acquisition, stating, “We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewelry. We firmly believe that our distinctive jewelry maison will flourish under Richemont’s stewardship, expertise, and careful nurturing.”
While the terms of the acquisition remain undisclosed and its completion subject to certain conditions and regulatory approval, Richemont assured stakeholders that the transaction would have no significant financial impact on its consolidated net assets or operating results for the fiscal year.
The acquisition of Vhernier underscores Richemont’s commitment to diversifying its luxury offerings and strengthening its position in the competitive jewelry market, promising continued innovation and excellence in craftsmanship for discerning clientele worldwide.
