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Rupert family
Richemont's shareholders build huge war chest

Reading time 2 min

Within a year, the head of the Swiss luxury goods company has sold off all the assets held by the family's main investment vehicle, Reinet, leaving his family with a substantial cash reserve.

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Preparing his succession, Johann Rupert brings entire family into holding company that controls Richemont

Officially, only two Rupert family members, CEO Johann Rupert and his son Anton, control the Swiss company that holds the family's stake in the Swiss luxury giant. In fact, thanks to a complex financial set-up, the entire clan are now shareholders in the holding company, consolidating their hold on Richemont and providing Anton with family backup should he succeed his father.

LogoSubscribers only Switzerland Families 07.11.2024

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