Compagnie Financière Richemont SA (SWX:CFR) entered into an agreement to acquire Vhernier S.p.A. from Traglio family on May 7, 2024. The transaction will have no material financial impact on Richemont?s consolidated net assets or operating result for the year ending 31 March 2025. The results of Vhernier will be reported under the Jewellery Maisons business area.

Completion remains subject to certain customary conditions and regulatory approvals.