South African billionaire Johann Rupert’s Richemont to sell Baume & Mercier to Italy’s Damiani
Billionaires Africa | 02.02.2026 18:17
Johann Rupert’s Richemont has agreed to sell Swiss watchmaker Baume & Mercier to Italy’s Damiani Group, handing one of the industry’s oldest names to a family owned jewelry company as luxury groups refine their brand portfolios.
