Richemont chairman disapproves of activist shareholder’s board proposal

Sumary of Richemont chairman disapproves of activist shareholder’s board proposal:

  • Johann Rupert, the chairman of indulgence rock Richemont, has slammed an activist shareholder’s proposal to nominate former Bulgari CEO Francesco
  • Fund manager Bluebell proposed that, alongside the board vote, the company designated Trapani as representative of all holders of the company’s ‘A’ assets.
  • Richemont’s board has instead proposed the vote of Wendy Luhabe to the role of equal ‘A’ investors, callable to the group’s support for her vote in 2021.

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