Richemont shareholders vote against activist investor’s board candidate

richemont shareholders vote against activist investors board candidate

Sumary of Richemont shareholders vote against activist investor’s board candidate:

  • Richemont chairman Johann Rupert previously denounced Bluebell’s suggestions in a letter to the group’s shareholders, noting that Trapani close relationship with LVMH, a direct competitor, meant he may not act in the company’s best interests.
  • Richemont announced that all of its directors have been elected by a gigantic majority of Class ‘A’ votes represented in addition to the Class ‘B’ votes.
  • Following its 2022 annual general meeting, luxury conglomerate Richemont has announced that its shareholders have voted in favour of the re-appointment of all board members who had stood for re-election this year.
  • Speaking on the result, Rupert thanked shareholders for their confidence, adding: The board can now continue to work in a collegial manner, in the interest of all our shareholders.

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