Rembrandt Group

From Wikipedia, the free encyclopedia

The Rembrandt Group is a South African tobacco and industrial conglomerate founded by Afrikaans tycoon Dr Anton Rupert who oversaw its eventual transition to the industrial and luxury branded goods sectors. Rembrandt was split into Remgro (an investment company with financial, mining and industrial interests) and Richemont (a Swiss-based luxury goods group).

Dr Rupert originally established the tobacco company “Voorbrand” in the 1940’s. He soon renamed it Rembrandt Ltd.

Rembrandt's overseas tobacco interests were consolidated into Rothmans International in 1972.

In 1988, the Rembrandt group founded the Swiss luxury goods company, Richemont, which in turn acquired Rembrandt's shares in Rothmans. Richemont also owns such luxury brands as Cartier (jewellery); Alfred Dunhill and Sulka (designer clothing); Seeger (leather bags); Piaget, Baume & Mercier and Vacheron Constantin (Swiss watches) and Montblanc (pens).

In 1995 Rembrandt and Richemont consolidated their respective tobacco interests into Rothmans International, which was at the time the world's fourth largest cigarette manufacturer.