Richemont stands by recommendation against Bluebell’s board candidate

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Reuters UK

ZURICH (Reuters) -Richemont said on Wednesday it would not withdraw its recommendation that shareholders vote against the appointment of investor Bluebell Capital Partners’ co-founder to the luxury goods firm’s board, citing his links to rival LVMH Moet Hennessey Louis Vuitton. Richemont chairman Johann Rupert earlier this month called on shareholders to reject the appointment of Francesco Trapani at the shareholders’ meeting on Sept. 7. Bluebell called Richemont’s claims “specious and unreasonable” and said Trapani had ceased to hold “any executive position, directorship and advisory role” at…

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