South African billionaire, Johann Rupert's Richemont sells Baume & Mercier to Damiani after 37 Years
Billionaires Africa | 09.03.2026 16:36
Richemont is letting go of Baume & Mercier. The Geneva-based luxury giant announced in January it had signed an agreement to sell the nearly 200-year-old Swiss watchmaker to Italy's Damiani Group, a family-run house better known for diamonds than timepieces.
