May 08, 2024

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Richemont Acquires Italian Jeweller Vhernier

Luxury goods conglomerate Richemont has finalised the acquisition of Vhernier S.p.A., an Italian jewellery brand that sculpts pieces entirely by hand, in a private deal. Established in Valenza, Italy in 1984 and headquartered in Milan, Vhernier came under the ownership of the Traglio family in 2001.

Vhernier is celebrated for its contemporary jewellery designs, drawing inspiration from human body curves and modern sculpture to craft bold, ergonomic shapes. Notably, the brand integrates traditional precious metals and gems with unconventional materials like titanium, bronze, and ebony. This unique fusion, coupled with innovative craftsmanship, is evident across its collections, including Calla and Palloncino.

All Vhernier pieces are handcrafted in Valenza, renowned for its excellence in jewellery manufacturing, ensuring unparalleled craftsmanship and quality. The brand’s products are retailed through a curated network of standalone boutiques and multi-brand stores, predominantly in Europe and the United States.

Additionally, Vhernier operates De Vecchi Milano 1935, an Italian heritage brand renowned for its contemporary silverware and home decor.

Johann Rupert, Chairman of Richemont, said: “Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship. This unique aesthetic perfectly complements our existing collection of renowned jewellery Maisons.

“We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realise the full potential of this exceptional Maison within the thriving branded jewellery market.”

Carlo Traglio, Chairman, and Maurizio Traglio, CEO of Vhernier, commented: “We are pleased for Maison Vhernier to join Richemont, the undisputed leader in design jewellery. We firmly believe that our distinctive jewellery Maison will flourish under Richemont’s stewardship, expertise and careful nurturing.”

Richemont said the transaction, which is subject to certain customary conditions and regulatory approvals, will have no material financial impact on its consolidated net assets or operating result for the year ending 31 March 2025.