Tobacco.org

Mergermarket - Richemont's tobacco stake 

Richemont, the Swiss luxury goods conglomerate controlled by the Rupert family, may go super de luxe. The company is considering spinning off its 19.3 per cent stake in British American Tobacco ahead of 2010 legal changes in Luxembourg that will increase Richemont’s capital gains tax bill. The change would be an historic one. Anton Rupert, a South African, used money from his Rembrandt cigarette company to build up his luxury businesses, which include Montblanc, Cartier and Chlo�. Richemont then sold its tobacco assets to BAT in 1999 in exchange for shares.

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