Richemont Group joins Ukrainian relief efforts & closes stores in russia
The Richemont Group, the parent holding company that owns Cartier, A. Lange & Söhne, Baume & Mercier, IWC Schaffhausen, Jaeger-LeCoultre, Montblanc, Officine Panerai, Piaget, Roger Dubuis, Vacheron Constantin and Van Cleef & Arpels, announced today that it stands with all those affected by the war in Ukraine.
The Group pledged support for the safety of its employees in the country. Richemont pledged funds to Doctors Without Borders (Médecins Sans Frontières) to help Ukrainian victims. Richemont further adds that it has stopped operations in Ukraine and suspended commercial activities in Russia, with the following statement:
Richemont's deepest compassion and thoughts go out to our colleagues, their families and friends affected by the tragic situation in Ukraine.
With the care and wellbeing of our colleagues top of mind, we are in close contact with our people on the ground and ensuring they receive all the financial, logistic and moral support they need.
Richemont has initiated a significant donation to Médecins Sans Frontières (MSF). This donation will help provide emergency response activities, basic aid items, and medical supplies and support to people in need in the region. Several of our Maisons and businesses are also supporting humanitarian efforts with additional donations and contributions.
Given the current global context, it is with regret that we stopped our operations in Ukraine on 24 February and suspended our commercial activities in Russia on 3 March.
We will continue to monitor developments and adapt our measures accordingly.
Media contacts
Richemont Press Office +41 22 721 3507
pressoffice@cfrinfo.netTeneo +44 20 7260 2700
richemont@teneo.com
www.Richemont.com
