Richemont shareholders reject activist Bluebell’s demands
Richemont shareholders rejected Bluebell Capital Partners proposal to add the former head of Bulgari to its board, a defeat for the activist investor’s campaign to boost shareholder…
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Richemont
Cartier owner Richemont takes €2.7bn hit on sale of ecommerce unit
Swiss luxury group Richemont has taken a €2.7bn non-cash writedown after selling a majority stake in its unprofitable ecommerce operation Yoox Net-a-Porter to online rival Farfetch…
Richemont says ex-Bulgari CEO is inappropriate for board
Richemont, the maker of Cartier jewelery, said shareholders should vote against the appointment of Francesco Trapani to the board as he is too closely associated with arch rival LVMH.
In a…
Richemont sales jump shows luxury revival By Reuters
© Reuters. FILE PHOTO: High-end jewellery is displayed at a Cartier store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau/File Photo
ZURICH (Reuters) -Cartier…
Luxury goods groups Hermes, Richemont push UMG and Vodafone out of blue-chip Euro…
© Reuters. FILE PHOTO: The logo of French luxury group Hermes is seen at a store, as the spread of the coronavirus disease (COVID-19) continues, in Zurich, Switzerland February 17, 2021.…
Richemont in talks to sell controlling stake in Net-a-Porter
The Swiss luxury goods group behind Cartier and Van Cleef & Arpels is in talks over a deal to cede majority control of its lossmaking Yoox Net-a-Porter ecommerce business.
Richemont…