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Richemont H1 financial results show resilient growth

For the six-month period ended 30 September 2025, Richemont delivered resilient growth despite persistent macroeconomic and geopolitical headwinds. Group sales reached 10.6 billion euros (12.3 billion dollars), up 10 percent at constant exchange rates and 5 percent at actual rates, with a strong acceleration in the second quarter where sales...

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Richemont acquires Italian jewellery firm Buccellati

Richemont has announced the acquisition of Buccellati Holding Italia S.p.A., the owner of Buccellati, the Italian jewellery Maison, in a private transaction with Gangtai Group Corporation Limited. Commenting on the acquisition, Johann Rupert, Chairman of Richemont, said in a statement: “Distinguished by strong heritage, craftsmanship and family...

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Gangtai Group acquires majority stake in Buccellati

The Chinese conglomerate has agreed to acquire an 85 percent stake in the high-end jeweller, owned up to date by Italian equity firm Clessidra. The deal valued the Milan-based jeweller at 270 million euros, or 6.6 times its revenues, according to a source close to the matter cited by Reuters. The Buccellati family, who founded the company in...

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