SWITZERLAND: Richemont to spin off luxury goods unit
Author: just-style.com | 10 October 2008
Shareholders in Compagnie Financière Richemont SA voted yesterday (9 October) to spin off its Richemont luxury goods business as part of a planned restructuring of the firm.
It also intends to sell off its stake in British American Tobacco Plc and set up a separate investment unit called Reinet Investments SCA.
Richemont owns a portfolio of leading international jewellery, watch, writing instrument and accessories brands including the Chloé fashion label.
Sectors: Apparel
Companies: Richemont
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