CFR
CFR
CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release -
Richemont acquires shares in Net-A-Porter
Compagnie Financiere Richemont SA Depositary Receipts
issued by Richemont Securities AG
(Incorporated in Switzerland)
ISIN: CH0045159024
Depositary Receipt Code: CFR
PRESS RELEASE
RICHEMONT ACQUIRES SHARES IN NET-A-PORTER
Richemont announces that its acquisition of shares in NET-A PORTER Limited, as a
result of the offer announced on 1 April 2010, has been completed. As a
consequence, Richemont will hold an effective economic interest of more than 93
per cent in the issued ordinary capital of NET-A PORTER.
NET-A-PORTER Limited owns NET-A-PORTER.COM, the premier online luxury fashion
retailer. Established in 2000, it features collections from over 300 of the
world`s leading designers and offers unrivalled customer service; it ships to
over 170 countries worldwide and recently celebrated its millionth order.
NET-A-PORTER Limited`s unaudited turnover for the financial year ended 31
January 2010 was approximately GBP 120 million; it employs some 600 staff at its
principal operations centres in London and New York.
NET-A-PORTER will operate as an independent entity alongside Richemont`s other
luxury goods businesses.
Press enquiries:
Mr. Alan Grieve
Director of Corporate Affairs
Tel: +41 22 721 3507
Analysts` enquiries:
Ms. Sophie Cagnard
Head of Investor Relations
Tel. +33 1 5818 2597
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Compagnie Financiere Richemont SA
50, Chemin de la Chenaie 1293 Bellevue - Geneva Switzerland
Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550
www.richemont.com
2 JUNE 2010
Date: 02/06/2010 07:30:01 Produced by the JSE SENS Department.
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