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RCH
RCH
Richemont Acquires Fabrique D"Horlogerie Minerva SA
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
PRESS RELEASE FOR IMMEDIATE RELEASE
9 OCTOBER 2006
RICHEMONT ACQUIRES FABRIQUE D"HORLOGERIE MINERVA SA
Richemont, the Swiss luxury goods group, is pleased to announce that it has
acquired Fabrique d"Horlogerie Minerva SA in a private transaction from G. P. P.
International SA, Luxembourg.
The watch brand Minerva was established by Charles Robert in 1858 and is based
in Villeret, Switzerland. It has 22 employees and is today specialized in the
development and manufacturing of high end mechanical movements.
The transaction will have no material impact on Richemont"s consolidated net
assets and will not have any impact on profitability for the year ending 31
March 2007.
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 Information:
Press 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
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
9 October 2006
Sponsor
RAND MERCHANT BANK
(A division of FirstRand Bank Limited)
Date: 09/10/2006 07:30:04 AM Produced by the JSE SENS Department
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