The original article can be found here.
Article highlights
- Richemont chairman Johann Rupert won’t give in to activist shareholder Bluebell Capital Partners’.
- Cartier-owner Richemont recommended shareholders vote against Bluebell’s proposal of Francesco Trapani as a board member.
- South African billionaire Rupert, who owns all the non-listed category B shares in the company, which represent 9.1% of the capital, but 50% of the voting rights, said there was no reason to change the board “either legally or morally.”
