Acquisition closed
Richemont acquires Panerai (1997)
Richemont completed the acquisition of Panerai in 1997.[1]
Richemont acquired Panerai, which had supplied luminous diving instruments to the Italian navy and sold no watches to the public until 1993. Its oversized cushion cases became one of the defining watch shapes of the following decade. Only the year is documented here.
Deal facts
- Announced
- Closed
- Value
- Undisclosed
- Buyer
- Richemont
- Seller
- —
- Assets
- Panerai
- Regulatory review
- None recorded
Ownership changes recorded from this deal
Who owns Panerai today?
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Compagnie Financiere Richemont SA - our maisons — Compagnie Financiere Richemont SA, Annual report; retrieved 16 September 2026. This link no longer opens the document.
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