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How about a Officine Polo Watch??

daytona4me

Chinese Shrimp Rider
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4/3/06
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Press Release March 5th 2007
*see the bottom, did everyone realize that Richemont has their fingers in all of these companies? *

RCH - Richemont - Formation of the Polo Ralph Lauren Watch and Jewellery Company
Richemont Securities AG
(Incorporated in Switzerland)
Share code: RCH
ISIN: CH0013157380
("Richemont")
The following joint press release has been issued today by Compagnie Financiere
Richemont SA, Geneva and Polo Ralph Lauren Inc., New York
RICHEMONT AND POLO RALPH LAUREN
ANNOUNCE THE FORMATION OF THE POLO RALPH LAUREN WATCH AND JEWELLERY COMPANY
Two leading players in the global luxury business announced today the formation
of The Polo Ralph Lauren Watch and Jewellery Company, S.A.R.L., whose purpose
will be to design and create luxury watches and fine jewellery.
In this unique partnership, Polo Ralph Lauren (NYSE:RL) and Richemont (SWX:
`CFR') will form a joint venture to design, develop, manufacture and distribute
the products through Ralph Lauren boutiques as well as through the finest
independent jewellery and luxury watch retailers in the world. The partners
will each own 50 percent of the new entity and are committed to this joint
venture on a long-term basis. This is Richemont's first such joint venture with
a luxury fashion designer and it is Polo Ralph Lauren's first foray into the
precious jewellery and luxury watch businesses. It is expected that the
products will be launched in the fall of 2008.

Johann Rupert, Executive Chairman of Richemont, said, "I have long admired Ralph
Lauren. His impeccable taste, style and attention to detail are unique. These
factors, combined with Richemont's expertise in jewellery and watches will lead
to a fascinating business venture. Jointly, we aim to create a new luxury
business, which I am confident will develop into a world leader. This is an
exciting partnership and I very much look forward to working with Ralph."
ABOUT RICHEMONT
Richemont owns a portfolio of leading international brands or `Maisons', which
are managed independently of one another, recognising their individuality and
uniqueness. The businesses operate in five areas: Jewellery Maisons, being
Cartier and Van Cleef & Arpels; Specialist Watchmakers, which comprises Jaeger-
LeCoultre, Piaget, IWC, Baume & Mercier, Vacheron Constantin, Officine Panerai
and A. Lange & Sohne; Writing Instrument Maisons - Montblanc and Montegrappa;
Leather and Accessories Maisons, being Alfred Dunhill and Lancel; and Other
Businesses, which includes, specifically, Chloe. In addition to its luxury goods
business, Richemont holds an 18.9 per cent interest in British American Tobacco,
one of the world's leading tobacco groups.
For further information, see: http://www.richemont.com
Further information:
 

Relaxman

Renowned Member
3/8/06
610
1
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O my. Sine a great majority of my clothing is Polo I suppose ill have to have one 8)
 

Wyvern

Active Member
13/4/06
333
0
0
Hmmm...I suspect there may be a lot of quartz watches in that lineup.