Swiss luxury group Richemont , led by South African billionaire Johann Rupert , is bringing its newly acquired Italian jewelry brand, Vhernier, to Asia with a planned store in Hong Kong. The move comes as demand for luxury goods continues to grow across the continent.
Vhernier to open Hong Kong boutique
According to Bloomberg , Vhernierpurchased by Richemont in September 2024will open a boutique at the Peninsula, a landmark hotel in the Tsim Sha Tsui district. A representative from Hongkong Shanghai Hotels Ltd., which owns the property, confirmed the plans. One person familiar with the matter, who requested anonymity due to the information being private, said the opening is expected in the fourth quarter.