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Richemont Acquires Leather Goods Maker Delvaux, Underlining Its Ambitions To Grow in Soft Luxury

What's Inside

On June 30, 2021, Switzerland-based luxury holding goods company Compagnie Financière Richemont SA (known as Richemont) announced that it has acquired Belgian luxury leather goods maker Delvaux.

We discuss what the deal means for Richemont and how it aligns with the company’s expansion in the soft luxury segment.

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