Richemont shareholder Bluebell says company response strengthens its cases for board seat
2022.08.08 12:49
FILE PHOTO: The logo of the luxury goods company Richemont is pictured at its headquarters in Bellevue near Geneva, Switzerland, June 2, 2022. REUTERS/Denis Balibouse
ZURICH (Reuters) – Bluebell Capital Partners still wants a seat on the board of Richemont after the luxury group called on shareholders to reject its candidate and vote for a current board member to represent ordinary investors.
“The company for the first time has acknowledged and agreed that a representative of the A share holders should have the right to be represented on the board,” Guiseppe Bivona, co-CEO of Bluebell told Reuters on Monday. “This is a major win for the market.”
Bluebell’s candidate, Francesco Trapani, represented the best choice for the role, not independent director Wendy Luhabe who has been proposed by Richemont, Bivona added.
