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CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release -

Release Date: 02/06/2010 07:30
Code(s): CFR
Wrap Text

CFR - Compagnie Financiere Richemont SA Depositary Receipts - Press Release - Richemont acquires shares in Net-A-Porter Compagnie Financiere Richemont SA Depositary Receipts issued by Richemont Securities AG (Incorporated in Switzerland) ISIN: CH0045159024 Depositary Receipt Code: CFR PRESS RELEASE RICHEMONT ACQUIRES SHARES IN NET-A-PORTER Richemont announces that its acquisition of shares in NET-A PORTER Limited, as a result of the offer announced on 1 April 2010, has been completed. As a consequence, Richemont will hold an effective economic interest of more than 93 per cent in the issued ordinary capital of NET-A PORTER. NET-A-PORTER Limited owns NET-A-PORTER.COM, the premier online luxury fashion retailer. Established in 2000, it features collections from over 300 of the world`s leading designers and offers unrivalled customer service; it ships to over 170 countries worldwide and recently celebrated its millionth order. NET-A-PORTER Limited`s unaudited turnover for the financial year ended 31 January 2010 was approximately GBP 120 million; it employs some 600 staff at its principal operations centres in London and New York. NET-A-PORTER will operate as an independent entity alongside Richemont`s other luxury goods businesses. Press enquiries: Mr. Alan Grieve Director of Corporate Affairs Tel: +41 22 721 3507 Analysts` enquiries: Ms. Sophie Cagnard Head of Investor Relations Tel. +33 1 5818 2597 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Compagnie Financiere Richemont SA 50, Chemin de la Chenaie 1293 Bellevue - Geneva Switzerland Telephone +41 (0)22 721 3500 Telefax +41 (0)22 721 3550 www.richemont.com 2 JUNE 2010 Date: 02/06/2010 07:30:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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