Richemont recommends shareholders to vote against Bluebell's board candidate

ZURICH – Richemont has requested shareholders to reject a candidate from Bluebell Capital Companions as a consultant of extraordinary shareholders and in opposition to the particular person’s election to the posh group’s board at its upcoming annual normal assembly.

Bluebell is in search of a board seat for Francesco Trapani, the previous head of Italian luxurious label Bulgari and a Bluebell co-founder on the assembly as a consequence of be held on Sept. 7.

The activist fund supervisor needs Cartier-owner Richemont to focus on jewelry and watches saying such a transfer might double its share value within the medium time period.

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