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Richemont acquires watch component manufacturer Donzй-Baume SA
November 21, 2007
Richemont, the Swiss luxury goods group, is pleased to announce that it has acquired the watch case manufacturer, Donzй-Baume SA in a private transaction with the family shareholder group.
Donzй-Baume SA is based in Les Breuleux in the Jura canton of Switzerland and has some 300 employees working in the manufacture of watch cases and bracelets. The company supplies many of the leading Swiss specialist watchmaking companies, including a number of Richemonts own Maisons.
Both Mr Gйrard Donzй and Mr Roland Donzй will retain their current positions and will continue to be responsible for the management of the company.
The transaction will have no material impact on Richemonts consolidated net assets and is not expected to have any impact on the Groups profitability for the year ending 31 March 2008.
Source: Compagnie Financiиre Richemont SA
www.richemont.com
