Richemont completed the acquisition of Vhernier.

Richemont, a Switzerland-based luxury goods holding company, completed the acquisition of Vhernier, the renowned maison founded in Valenza. Financial terms were not disclosed. "Maison Vhernier brings a distinguished and distinctive design that beautifully blends modern, sleek and elegant shapes with unconventional materials, magnified by exceptional craftsmanship. This unique aesthetic perfectly complements our existing collection of renowned jewellery Maisons. We are delighted to welcome Vhernier’s talented team into the Richemont family. We very much look forward to working together to realise the full potential of this exceptional Maison within the thriving branded jewellery market," Johann Rupert, Richemont Chairman.