| Thu 2 Mar 2006, 7:59 | | Richemont Securities AG - Press Release |
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RCH
RCH
Richemont Securities AG - Press Release
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
PRESS RELEASE
1 March 2006
Richemont announces the appointment of Mr Marc Lelandais as President and Chief
Executive Officer of its Lancel subsidiary. Mr Lelandais will take up his new
position immediately.
Aged 39, Mr Lelandais studied corporate marketing and political sciences at the
Sorbonne and graduated in luxury goods marketing from ISML, Paris and in
International General Management from ESSEC, Paris. His career to date has
focused on management and marketing with international companies, including
Escada and Children Worldwide Fashion.
Mr Philippe Berlan, General Manager, will report to Mr Lelandais.
Paris-based Lancel was acquired by Richemont in 1997 and today employs some 570
people. It offers a wide range of luggage, handbags and leather accessories.
With flagship stores on the Champs Elysees and at L"Opera in Paris and with
extensive retail distribution in its home market in France, Lancel also has a
retail presence in Russia, China, the Middle East and Japan.
Richemont owns a portfolio of leading international brands or `Maisons", which
are managed independently of one another, recognising their individuality and
uniqueness. The businesses operate in five areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist watchmakers, which is made up of
Jaeger-LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine
Panerai and A. Lange & Sohne; Writing instrument manufacturers - Montblanc and
Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel;
and Other businesses, which includes, specifically, Chloe as well as other,
smaller Maisons and watch component manufacturing activities for third parties.
In addition to its luxury goods business, Richemont holds an 18.6 per cent
interest in British American Tobacco.
Further enquiries: Mr Alan Grieve
Director of Corporate Affairs
Tel. +41 22 721 3507
Analysts" inquiries : Ms Sophie Cagnard-Fabrici
Head of Investor Relations
Tel. +33 1 5818 2597
Compagnie FinanciEre Richemont SA
50 Chemin de la Chenaie
CH-1293 Bellevue, Geneva
Switzerland
Tel: +41 (0)22 721 3500
Fax: +41 (0)22 721 3550
www.richemont.com
2 March 2006
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 02/03/2006 07:59:03 AM Produced by the JSE SENS Department
