A loss for the Richemont activist is still a small victory

Although an activist lost his campaign at one of Europe’s biggest luxury companies, the fact that he showed up and was taken seriously is new.

On Wednesday, the shareholders of the Swiss company Richemont Financial Company which owns brands such as Cartier and Van Cleef & Arpels, voted against the nomination of Bluebell Capital Partner’s nominee to the board. The London-based hedge fund wanted Francesco Trapanithe former managing director of the jewelry brand Bulgari, to the board of directors to counterbalance the powerful founder of Richemont John Rupert.


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