who-owns-cartier

Who Owns Cartier?

Business / By / October 1, 2023

Cartier is part of the Richemont Group, a luxury empire primarily owned by Compagnie Financière Richemont, which holds 10% of the Company’s capital and 51% of its voting rights. South African billionaire Johann Rupert owns Compagnie Financière Richemont. Richemont generated over €19 billion in revenue in 2022 and over €2 billion in profits, with the jewelry segment generating €11 billion in 2022. Richemont owns Cartier, Buccellati, and Van Cleef & Arpels in the jewelry segment.

Ownership AspectDetails
Primary OwnerCompagnie Financière Richemont
Ownership Stake10% of the Company’s capital
Voting Rights Ownership51%
ChairmanJohann Rupert
Revenue (2022)Over €19 billion
Profits (2022)Over €2 billion
Jewelry Segment Revenue (2022)€11 billion
Brand PortfolioCartier, Buccellati, Van Cleef & Arpels
Influence and ControlSignificant influence and control over Cartier and the luxury brands

Cartier: A Jewel in Richemont’s Crown

Cartier, the renowned jewelry brand, shines as one of the precious gems within the Richemont Group, a prominent luxury empire primarily owned by Compagnie Financière Richemont. This holding company possesses a notable 10% of the Company’s capital and an influential 51% of its voting rights. At the helm of Richemont stands South African billionaire Johann Rupert, the owner of Compagnie Financière Richemont.

Richemont’s Dazzling Success

Richemont’s remarkable financial success is a testament to its prestigious portfolio of luxury brands. In 2022, the company achieved an impressive revenue of over €19 billion, with profits soaring above €2 billion. A significant portion of this success can be attributed to the jewelry segment, which generated a staggering €11 billion in revenue in 2022.

Cartier: A Legacy of Elegance

Within the Richemont Group, Cartier holds a special place as an epitome of elegance and sophistication. The brand’s rich heritage and timeless designs have earned it a prestigious reputation in the world of high-end jewelry. Cartier’s presence in the luxury market symbolizes exceptional craftsmanship and a legacy of artistic creativity.

Richemont’s Diverse Jewelry Holdings

Richemont’s jewelry segment extends beyond Cartier to include other distinguished brands such as Buccellati and Van Cleef & Arpels. These esteemed names further enhance Richemont’s standing in the luxury jewelry market and contribute to the company’s exceptional financial performance.

The Leadership of Johann Rupert

Johann Rupert’s visionary leadership plays a pivotal role in guiding Richemont’s strategic decisions and overall direction. As the owner of Compagnie Financière Richemont, he wields significant influence in shaping the future of the luxury empire, including Cartier and other esteemed brands under its umbrella.

A Legacy of Luxury

Richemont’s ownership of Cartier, alongside other prestigious jewelry brands, exemplifies its dedication to offering exquisite craftsmanship and unparalleled beauty to discerning customers worldwide. With Johann Rupert’s guidance, Richemont continues to be a beacon of elegance and opulence in the luxury goods market.

Conclusion

Cartier’s affiliation with the Richemont Group, under the astute ownership of Johann Rupert’s Compagnie Financière Richemont, cements its status as an iconic jewelry brand within a luxury empire. As part of Richemont’s dazzling success story, Cartier’s legacy of elegance and creativity endures, captivating the hearts of those who seek the finest in high-end jewelry. With a diverse portfolio of luxury brands and a visionary leader at its helm, Richemont continues to shine brightly in the realm of opulence and sophistication.

Cartier and Richemont Highlights:

  • Richemont’s Ownership: Richemont Group is primarily owned by Compagnie Financière Richemont. This holding company holds a significant 10% of the company’s capital and a commanding 51% of its voting rights.
  • Leadership at the Top: South African billionaire Johann Rupert is the owner of Compagnie Financière Richemont, providing strategic direction and leadership to the luxury empire.
  • Financial Prowess: In 2022, Richemont showcased its dominance in the luxury sector by generating a staggering revenue of over €19 billion and achieving profits exceeding €2 billion.
  • Jewelry Segment’s Contribution: The jewelry segment, where brands like Cartier reside, was a major contributor to Richemont’s success, generating a massive €11 billion in revenue in 2022.
  • Cartier’s Prestige: Cartier stands out as a beacon of elegance, luxury, and craftsmanship within Richemont’s brand portfolio. Its rich heritage and timeless designs make it a globally recognized and revered jewelry brand.
  • Diverse Portfolio: Beyond Cartier, Richemont’s jewelry holdings encompass other iconic brands like Buccellati and Van Cleef & Arpels, amplifying its presence in the high-end jewelry market.
  • Rupert’s Vision: Johann Rupert’s visionary leadership and strategic acumen have been instrumental in cementing Richemont’s position in the luxury market, ensuring brands like Cartier continue to thrive.
  • Legacy and Luxury: Cartier, under Richemont’s umbrella, continues its legacy of creating luxurious and exquisite jewelry pieces that resonate with discerning clientele across the globe.

Related Case Studies

Related Visual Resources

Slow Fashion

slow-fashion
Slow fashion is a movement in contraposition with fast fashion. Where in fast fashion, it’s all about speed from design to manufacturing and distribution, in slow fashion, quality and sustainability of the supply chain are the key elements.

Patagonia Business Model

patagonia-business-model
Patagonia is an American clothing retailer founded by climbing enthusiast Yvon Chouinard in 1973 who saw initial success by selling reusable climbing pitons and Scottish rugby shirts. Over time Patagonia also became a fashionable brand also for its focus on slow fashion. Indeed, the company sells high-priced clothing items built to last which it will repair for free.

Patagonia Organizational Structure

patagonia-organizational-structure
Patagonia has a particular organizational structure, where its founder, Chouinard, disposed of the company’s ownership in the hands of two non-profits. The Patagonia Purpose Trust, holding 100% of the voting stocks, is in charge of defining the company’s strategic direction. And the Holdfast Collective, a non-profit, holds 100% of non-voting stocks, aiming to re-invest the brand’s dividends into environmental causes.

Fast Fashion

fast-fashion
Fash fashion has been a phenomenon that became popular in the late 1990s and early 2000s, as players like Zara and H&M took over the fashion industry by leveraging on shorter and shorter design-manufacturing-distribution cycles. Reducing these cycles from months to a few weeks. With just-in-time logistics and flagship stores in iconic places in the largest cities in the world, these brands offered cheap, fashionable clothes and a wide variety of designs.

Inditex Empire

inditex-fast-fashion-empire
With over €27 billion in sales in 2021, the Spanish Fast Fashion Empire, Inditex, which comprises eight sister brands, has grown thanks to a strategy of expanding its flagship stores in exclusive locations around the globe. Its largest brand, Zara, contributed over 70% of the group’s revenue. The country that contributed the most to the fast fashion Empire sales was Spain, with over 15% of its revenues.

LVMH Business Model

lvmh-group-business-model
LVMH is a global luxury empire with over €79 billion ($83 billion) in revenues for 2022, spanning several industries: wines and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and selective retailing. It comprises brands like Louis Vuitton, Christian Dior Couture, Fendi, Loro Piana, and many others.

Kering Business Model

kering-business-model
Kering Group follows a multi-brand business model strategy. The central holding helps the brands and Houses part of its portfolio leverage economies of scale while creating synergies. At the same time, those brands are run independently. Kering is today a global luxury brand that made over €20 billion in revenue based on this multi-brand strategy. Within Kering Group are brands like Gucci, Bottega Veneta, Saint Laurent, and many more—the primary operating segments based on luxury and lifestyle.

Kering Brands

kering-brands
Kering is a luxury goods multinational founded in France by François Pinault in 1963. The company, which initially specialized in timber trading, grew via acquisitions and was listed on the Paris Stock Exchange in 1988. Two years later, Kering merged with a French conglomerate interested in furniture, department stores, and bookstores.

Ultra Fast Fashion

ultra-fast-fashion
The Ultra Fashion business model is an evolution of fast fashion with a strong online twist. Indeed, where the fast-fashion retailer invests massively in logistics and warehousing, its costs are still skewed toward operating physical retail stores. While the ultra-fast fashion retailer mainly moves its operations online, thus focusing its cost centers on logistics, warehousing, and a mobile-based digital presence.

ASOS Business Model

asos-business-model
ASOS is a British online fashion retailer founded in 2000 by Nick Robertson, Andrew Regan, Quentin Griffiths, and Deborah Thorpe. As an online fashion retailer, ASOS makes money by purchasing clothes from wholesalers and then selling them for a profit. This includes the sale of private label or own-brand products. ASOS further expanded on the fast fashion business model to create an ultra-fast fashion model driven by short sales cycles and online mobile e-commerce as the main drivers.

Real-Time Retail

real-time-retail
Real-time retail involves the instantaneous collection, analysis, and distribution of data to give consumers an integrated and personalized shopping experience. This represents a strong new trend, as a further evolution of fast fashion first (who turned the design into manufacturing in a few weeks), ultra-fast fashion later (which further shortened the cycle of design-manufacturing). Real-time retail turns fashion trends into clothes collections in a few days or a maximum of one week.

SHEIN Business Model

shein-business-model
SHEIN is an international B2C fast fashion eCommerce platform founded in 2008 by Chris Xu. The company improved the ultra-fast fashion model by leveraging real-time retail, quickly turning fashion trends in clothes collections through its strong digital presence and successful branding campaigns.

Zara Business Model

zara-business-model
Zara is a brand part of the retail empire Inditex. Zara is the leading brand in what has been defined as “fast fashion.” With almost €20 billion in sales in 2021 (comprising Zara Home) and an integrated retail format with quick sales cycles. Zara follows an integrated retail format where customers are free to move from physical to digital experience.

Wish Business Model

wish-business-model
Wish is a mobile-first e-commerce platform in which users’ experience is based on discovery and customized product feed. Wish makes money from merchants’ fees and advertising on the platform, and logistic services. The mobile platform also leverages an asset-light business model based on a positive cash conversion cycle where users pay in advance as they order goods, and merchants are paid in weeks.

Poshmark Business Model

poshmark-business-model
Poshmark is a social commerce mobile platform that combines social media capabilities with its e-commerce platform to enable transactions. It makes money with a simple model, where for each sale, Poshmark takes a 20% fee on the final price for sales of $15 and over and a flat rate of $2.95 for sales below that. Its gamification elements and the tools offered to sellers are critical to the company’s growth as a mobile-first platform.

Read Next: Zara Business Model, Inditex, Fast Fashion Business Model, Ultra Fast Fashion Business Model, SHEIN Business Model.

Other business resources:

More Resources

About The Author

Gennaro is the creator of FourWeekMBA, which reached about four million business people, comprising C-level executives, investors, analysts, product managers, and aspiring digital entrepreneurs in 2022 alone | He is also Director of Sales for a high-tech scaleup in the AI Industry | In 2012, Gennaro earned an International MBA with emphasis on Corporate Finance and Business Strategy.
Scroll to Top
FourWeekMBA