The Annual Report 2021
Annual Report and Accounts 2021 Richemont is one of the world’s leading luxury goods groups. The Group’s luxury goods interests encompass some of the most prestigious names in the industry, including Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen and Montblanc. Each of Our Maisons™ represents a proud tradition of style, quality and craftsmanship which Richemont is committed to preserving. 1 Financial and operating highlights 42 Peace Parks Foundation 2 Chairman’s review 43 Laureus 6 Business review 44 Michelangelo Foundation 6 Jewellery Maisons 7 Buccellati 45 Board of Directors 8 Cartier 9 Van Cleef & Arpels 50 Corporate governance 10 Specialist Watchmakers 11 A. Lange & Söhne 12 Baume & Mercier 62 Compensation report 13 IWC Schaffhausen 14 Jaeger-LeCoultre 77 Consolidated financial statements 15 Panerai 16 Piaget 145 Company financial statements 17 Roger Dubuis 18 Vacheron Constantin 154 Five-year record 19 Online Distributors 20 Watchfinder 156 Statutory information 21 YOOX NET-A-PORTER 22 Other 23 Alaïa 24 AZ Factory 25 Chloé 26 dunhill 27 Montblanc 28 Peter Millar 29 Purdey 30 Regional & Central Functions 33 Financial review 40 Corporate social responsibility Cautionary statement regarding forward-looking statements This document contains forward-looking statements as that term is defined in the United States Private Securities Litigation ReformAct of 1995. Words such as ‘may’, ‘should’, ‘estimate’, ‘project’, ‘plan’, ‘believe’, ‘expect’, ‘anticipate’, ‘intend’, ‘potential’, ‘goal’, ‘strategy’, ‘target’, ‘will’, ‘seek’ and similar expressions may identify forward-looking statements. Such forward-looking statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside the Group’s control.
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