Richemont shareholders reject proposals from activist investor Bluebell
GENEVA (Reuters) -Luxury goods group Richemont successfully batted away proposals from activist investor Bluebell Capital at an annual shareholder meeting Wednesday in which tensions flared.
Source: www.reuters.com
1 Min Read
PARIS (Reuters) - Luxury goods group Richemont shrugged off pressure from Bluebell Capital as shareholders voted down the activist investor’s board candidate at the annual general meeting (AGM) on Wednesday.
A majority of the Cartier maker’s shareholders rejected Bluebell’s candidate Francesco Trapani, a former executive of rival LVMH, to represent holders of publicly traded A shares on the group’s board and instead opted for current board member Wendy Luhabe.
Reporting by Silke Koltrowitz and Mimosa Spencer; Editing by Edmund Blair
