Richemont to buy US luxury outfitter Peter Millar

ZURICH - Swiss luxury goods group Richemont said Friday it would buy high-end US fashion brand Peter Millar from US investment firm Winona Capital for an undisclosed sum.

"Partnering with Richemont represents a wonderful opportunity for Peter Millar to continue to build the brand globally under Richemont's stewardship," said Scott Mahoney, chief executive of the US brand.

"We look forward to working with Richemont and the association with their prestigious family of brands."

According to Richemont, the sale should go through in October and will have "no material impact" on its financial results for the year ending March 31, 2013.