The Unbundling of a Maison.
Baume & Mercier’s sale to Damiani is not a disposal. It’s an admission.
On January 22, 2026, Richemont announced that it had signed an agreement to sell Baume & Mercier to the Damiani Group. The financial terms were not disclosed. The transaction would have no material impact on Richemont’s balance sheet. Closing was expected by summer. Richemont would continue to provide operational services for at least twelve months to e…
