History
Johan Rupert founded Compagnie Financière Richemont SA in 1988 when he spun out the international assets of Rembrandt Group Ltd. (now Remgro Limited), a South Africa-based company founded in the 1940s by his father, Dr. Anton Rupert. The luxury good investments of Rembrandt Group combined with Rothmans International formed the initial group of Richemont subsidiaires.
In March 2007, Richemont and Polo Ralph Lauren Inc. announced the formation of a 50/50 joint venture, the Polo Ralph Lauren Watch and Jewelery Company SÀRL.
As of November 2012 Compagnie Financière Richemont SA is the sixth largest corporation by market capitalization in the Swiss Market Index. As of 2009, Richemont is the second-largest luxury goods company in the world, trailing market leader LVMH Moët Hennessy - Louis Vuitton SA.
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