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Richemont Luxury Group Watches
The history of Richemont Luxury Group watches began in 1988 by Remgro Limited, a branch of Rembrandt Group Limited of South Africa (now known as Remgro Limited). Founded by Dr Anton Rupert in the 1940s, the well-respected Rembrandt Group owned significant interests in the tobacco, financial services, wines and spirits, gold and diamond mining industries as well as the luxury goods investments that, along with the investment in Rothmans International, would later come together to form Richemont.
In 1989, Richemont acquired Philip Morris' 30 per cent interest in Rothmans International and later in 1993, the company separated the tobacco and luxury goods divisions into Rothmans International BV/PLC and Vendôme Luxury Group SA/PLC respectively.
Today, 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 & Söhne; Writing instrument Maisons - Montblanc and Montegrappa; Leather and accessories Maisons, being Alfred Dunhill and Lancel; and Other businesses, which includes, specifically, Chloé as well as other smaller Maisons and watch component manufacturing activities for third parties.
In addition to its luxury goods business, Richemont holds an 18.9 per cent interest in British American Tobacco. Today, Richemont watches are coveted for their world-class style, and reliable craftsmanship.
Company website: www.richemont.com