BUSINESSJul 7 · 07:47 UTCTHE RIO TIMESAmina Diarra

Richemont Sells Baume & Mercier to Italy After 38 Years

Richemont completed the sale of Baume & Mercier to Italy's Damiani Group on July 1, shifting focus to Cartier and Van Cleef & Arpels. The 196-year-old brand was sold after 38 years under Richemont's ownership.

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RichemontorganizationBaume & MercierorganizationDamiani GrouporganizationItalyplaceCartierorganizationVan Cleef & Arpelsorganization

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