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richemont

January 9, 2009

Johann Rupert, chairman of family-owned luxury company Richemont, has agreed to provide significant funding to help spin out Lehman Brothers’ private equity arm into an independent firm according to reports.

Johann Rupert (pictured), chairman of family-owned luxury company Richemont, has agreed to provide significant funding to help spin out Lehman Brothers' private equity arm into an independent firm.

The new company will be known as Lehman Brothers Merchant Banking and will have $4.5 billion under management according to the Wall Street Journal.

August 12, 2008

Luxury goods group Richemont has acquired a controlling interest in watch company Manufacture Roger Dubuis in a private transaction with Carlos Dias, one of the founding shareholders.

Luxury goods group Richemont has acquired a controlling interest in watch company Manufacture Roger Dubuis in a private transaction with Carlos Dias, one of the founding shareholders.

The Swiss-based watchmaker will continue to manufacture and distribute watches under the "Roger Dubuis" name and will operate as an autonomous "Maison" within Richemont. It will benefit from the family-owned business's superior distribution channels.

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