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Richemont acquires stake in Roger Dubuis

August 11, 2008

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Geneva—Richemont has acquired a controlling interest in Geneva watch company Roger Dubuis SA in a private transaction with one of the brand's founding shareholders.

Roger Dubuis SA will continue to manufacture and distribute watches under the Roger Dubuis name and will operate as an autonomous Maison within Richemont.

The brand will also benefit from broader integration of its distribution into the Richemont structure.

"Roger Dubuis watches are highly innovative in terms of movements and design," Richemont Executive Chairman Johann Rupert said in a media release issued on Monday. "As a young business, it is very different from the more established specialist watchmakers within the group today. As such, it complements our Maisons perfectly. We look forward to developing the Roger Dubuis business internationally."

According to the company, the transaction will have no material impact on Richemont's consolidated net assets and is not expected to have any significant impact on the group's overall profitability for the year ending March 31, 2009.

Richemont owns a portfolio of leading international brands or "Maisons," which are managed independently of one another, recognizing their individuality and uniqueness. The businesses operate in five areas: Jewellery Maisons, including Cartier and Van Cleef and Arpels; Specialist Watchmakers, including A. Lange and Sohne, Baume and Mercier, IWC, Jaeger-LeCoultre, Officine Panerai, Piaget and Vacheron Constantin; Writing Instrument Manufacturers, including Montblanc and Montegrappa; Leather and Accessories Maisons, including Alfred Dunhill and Lancel; and other businesses, including Chloé, smaller Maisons and watch-component manufacturing activities for third parties.

In addition to its luxury goods business, Richemont currently holds a 19.4 percent interest in British American Tobacco.
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