Swiss luxury goods group Richemont has agreed to acquire the entire stake in the Italian jewellery brand Vhernier in a private deal.
The transaction terms, subject to customary conditions and regulatory approvals, have not been disclosed.
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Richemont expects the deal to have no material financial impact on its consolidated net assets or operating results for the year ending 31 March 2025.
Vhernier is headquartered in Milan, Italy and offers jewellery designs inspired by modern sculpture and the curves of the human body.
The brand blends traditional precious metals and gems with unconventional materials such as titanium, bronze and ebony.
Vhernier’s handcrafted pieces, which include the Calla and Palloncino collections, are produced in Valenza, an Italian municipality known for manufacturing jewellery.
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By GlobalDataRichemont chairman Johann Rupert 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. 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 […] within the thriving branded jewellery market.”
Vhernier was founded in 1984 and acquired by the Traglio family in 2001.
The brand offers products through a selective network of mono-brand boutiques and multi-brand stores, primarily in Europe and the US, and also operates De Vecchi Milano 1935, an Italian silverware home decor brand.
Forbes reports that Vhernier will become the 29th brand in Richemont’s portfolio, joining Milan-based jewellery brand Buccellati, which was bought in 2019.
In July 2023, Richemont purchased a controlling stake in Italian shoemaker Gianvito Rossi in a private transaction.
