Richemont Acquires Further 20 Per Cent Of Van Clee
PRESS RELEASE
Richemont, the Swiss luxury goods group, is pleased to announce that it has
acquired a further 20 per cent interest in Van Cleef & Arpels, one of the
world's most renowned jewellery houses, from minority shareholders. The
acquisition increases Richemont's interest in Van Cleef & Arpels to 80 per
cent, the initial 60 per cent holding having been acquired in May 1999.
In addition to its interest in Van Cleef & Arpels, Richemont owns a portfolio
of leading luxury goods houses, including Cartier, Montblanc, Lancel and Alfred
Dunhill together with the prestigious watch manufacturers Jaeger-LeCoultre,
Piaget, Baume & Mercier, IWC, Vacheron Constantin, A Lange & Sohne and Officine
Panerai.
Enquiries:
Mr J du Plessis
Finance Director
Tel. + 41 41 710 3322
Fax + 41 41 711 7138
www.richemont.com
COMPAGNIE FINANCIERE RICHEMONT AG
RIGISTRASSE 2 CH-6300 ZUG SWITZERLAND
TELEPHONE 041 710 33 22 TELEFAX 041 711 71 02 TELEX 862 336 CFR CH
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