|Compagnie Financière Richemont SA|
|Executive Chairman and CEO||Johann Rupert|
|Products||Richemont designs, manufactures, distributes and sells luxury goods, clothes and accessories|
|Market Value||49.875,6 m$|
- 1 About Richemont
- 2 Engagement in Cultural Diplomacy
- 3 Employment Policy
- 4 Education
- 5 Notable Activities
- 6 External Links
Richemont owns several of the world's leading companies in the field of luxury goods. The company has particular strengths in jewelry, luxury watches and writing instruments. Richemont consists of 20 Maisons, 20 luxury brands. With 29,980 employees worldwide, these Maisons operate boutiques and work with authorized retailers throughout the world. The Maisons encompass several of the most prestigious names in the luxury industry including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc.
Engagement in Cultural Diplomacy
Richemont pays attention to their impact on society and the environment. They strive to operate responsibly and to act with integrity and thus make a positive contribution to the economy, their people and the local communities. Also Richemont supports art and cultural programs reflecting the nature of its products in the context of global and local communities. Some of these cultural programs include the Cartier Foundation pour l’Art Contemporain and the Montblanc de la Culture Arts Patronage Award. Since 2013, Richemont has been a participant of the UN Global Compact, a United Nations initiative that assist businesses worldwide in adopting sustainable and socially responsible policies in areas such as environment, anti-corruption, and human rights.
Richemont has 29,980 employees from variety of areas. The company believes that diversity and equal opportunities means creating a work environment, which allows all the employees to fulfil their potential. Richemont seeks to foster a culture in which the employee-related decisions, whether it be hiring, training or promotion, are taken based solely on an individual’s ability and contribution to Richemont’s success. This means irrespective of gender, age, ethnicity, disability, sexual orientation or any other aspect of their identity. Richemont has an ‘Employees Code of Business Conduct’ and does not tolerate harassment or any behavior, which creates a hostile, offensive or intimidating environment for their employees.
International Internship Program
Richement does offer internships with the possibility of doing an international internship. They provide numerous internship positions all over the world in various fields. Aforementioned positions are available to students to sign up for.
Grants and Scholarships
Richemont has launched the Richemont Creative Academy, a school for designers, product developers and communication professionals. The company believes that the best students represent an important resource in a world of constant change. Scholarships are planned to allow the participation of the most deserving students.
Cooperation with Universities
Richemont cooperates with the Watchmakers of Switzerland Training and Educational Programme, and has founded watchmaking schools in Dallas, Hong Kong, Manchester and Shanghai.
Promoting Human and Civil Rights
Richemont is a long-term supporter of the Responsible Jewelry Council. The RJC Council promotes responsible, ethical, human rights, social and environmental practices in the gold and diamond supply chains. The RJC’s members span from mining houses to retailers. Under the RJC’s certification system, members must be audited to verify compliance with the RJC’s own Code of Practices. All of the Maisons using gold and diamonds are full members. Together, they account for over 90% of the group’s total sales and within two years, the group expects 100 % RJC certification for their businesses which use gold and diamonds.
Activities in the Field of Humanitarian Aid
A few of the maisons of Richemont support organizations such as UNICEF and UNESCO. For example Montblanc initiated the ‘Signature for Good Programme’ to actively support UNICEF’s educational projects, which benefit children around the globe. Additionally, the Cartier Charitable Foundation strives to better the livelihoods of the most vulnerable members of our society.
Supporting Music and Visual Arts
A number of Maisons of Richemont actively support music and musicians. These include for example Montblanc’s de la Culture Arts Patronage Awards, A. Lange & Söhne’s support of the Salzburg Whitsun Festival and Vacheron Constantin’s support of the Orchestre de la Suisse Romande.
Supporting Film Industry
Cartier, as one of the Maisons, hosted and sponsored the Palm Springs International Film Festival and is planning to do this again for the year of 2015.
Both Richemont and Daimler AG sponsor Laureus. Laureus comprises the annual Laureus World Sports Awards and the Laureus World Sports Academy, comprising some of the world's greatest living athletes. In addition to this Richemont also sponsors the Laureus Sports for Good Foundation, which seeks to use the power of sport to address social issues through projects aimed at young people around the world.