Luxury group Richemont opposes Bluebell’s bid for board position

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Reuters UK

By John Revill ZURICH (Reuters) – Richemont on Monday urged shareholders to vote against appointing a representative of activist investor Bluebell Capital Partners to the luxury goods firm’s board, citing his links to rival LVMH Moet Hennessey Louis Vuitton. Chairman Johann Rupert asked shareholders to reject the appointment of Bluebell co-founder Francesco Trapani at the shareholders meeting on Sept. 7, seeking to derail Bluebell’s bid to broaden representation on the board of the Cartier jewellery group. Trapani was the chief executive of Bulgari when it was bought by LVMH in 2011 and was on…

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