Richemont, a Switzerland-based luxury goods holding company, completed the acquisition of Maison Delvaux, a fine leather luxury goods House. Financial terms were not disclosed. “Delvaux is an authentic European luxury leather goods Maison with strong heritage, distinctive savoir faire and exceptional manufacturing capabilities. The Maison’s rich archives and creative momentum over the last 10 years represent a solid foundation from which to grow the company for the long term, strengthening Richemont’s presence at the pinnacle of the leather goods category. We are delighted to welcome Delvaux’s management and teams to Richemont, and look forward to working closely with them to enable the Maison to reach its full potential under the Group’s stewardship,” Philippe Fortunato, Richemont CEO.