The acquisition of Richemont will determine the next stage of development and growth of Peter Millar.

"We are very lucky to be able to cooperate with Winona Capital.

We developed and built the Peter Millar brand together, expanded the product range, and continuously improved the sales and distribution capabilities, "said Peter Mahoney CEO Scott Mahoney."

"Now, cooperation with the peak group is an excellent opportunity for us. Peter Millar will continue to build a global brand tour under the leadership of Richemont.

We are very much looking forward to working with the group and looking forward to cooperation with the famous brands of the group.

Luke Reese, managing director, commented: "in the past few years, it has been an honor for Winona Capital to work together with Scott Mahoney, Chris Knott, and other members of the Peter Millar team to build such a great company.

We are delighted that Peter Millar has been acquired by Richemont, one of the world's largest luxury goods groups. "

The paction is expected to be completed in October 2012. The combined net assets of Richemont's peak group or its annual operating performance as of March 31, 2013 will not be significantly affected.

Richemont's "A" shares are listed on the SIX Swiss Exchange Swiss Stock Exchange (Richemont's first listing site), and are also listed as

The leading share of the Swiss market index ("SMI").

Richemont South African Depository Receipts (Richemont Peak Group South Africa depository receipt) is listed on the Johannesburg Stock Exchange (Richemont's second largest listing site).