Edelson Lechtzin LLP announced an investigation into whether Richemont raised retail prices on its luxury products due to Trump-era tariffs and then failed to refund customers after the U.S. Supreme Court invalidated those tariffs on February 20, 2026. The investigation covers Richemont's entire brand roster, including Cartier, Van Cleef & Arpels, Montblanc, and IWC Schaffhausen. The law firm is examining whether Richemont passed tariff costs to consumers while also being eligible to recover those same tariff payments from the federal government, potentially resulting in a double recovery at consumers' expense. Consumers who purchased any Richemont brand product at tariff-increased prices during the tariff period may be affected. No class action lawsuit has been filed yet, and no court has determined wrongdoing.
Compagnie Financière Richemont SAInvestigation into potential double recovery from tariff price increases not refunded after Supreme Court ruling.