Richemont report
58278 mots
234 pages
Annual Report and Accounts 2010Richemont is one of the world’s leading luxury goods groups.
The Group’s luxury goods interests encompass several of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Alfred Dunhill and Montblanc. Each of the Group’s Maisons® represents a proud tradition of style, quality and craftsmanship which Richemont is committed to preserving.
2 Executive Chairman and Chief Executive Officer’s review
Johann Rupert’s review of the year
4 Business review
4 5 7 8 9 10 11 12 13 14 15 16 17 Jewellery Maisons Cartier Van Cleef & Arpels Specialist Watchmakers IWC Jaeger-LeCoultre Piaget Vacheron Constantin Officine Panerai Baume & Mercier A. Lange & Söhne Roger Dubuis Ralph Lauren Watches
20 21 22 23 24 25 26 27
Other Businesses Alfred Dunhill Chloé Lancel Shanghai Tang Azzedine Alaïa Purdey Financial review A detailed commentary on the Group’s financial performance Corporate responsibility
35
36 Peace Parks Foundation 38 Corporate governance
42 46 Board of directors Group Management Committee
18 Writing Instrument Maison 19 Montblanc
53 Consolidated financial statements 108 Company financial statements 113 Five year record 115 Statutory information 116 Notice of meeting
Cautionary statement regarding forward-looking statements This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation Reform Act of 1995. Words such as ‘may’, ‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘potential’, ‘goal’, ‘strategy’, ‘target’, ‘will’, ‘seek’ and similar expressions may identify forward-looking statements. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the Group’s