In a letter to shareholders, Johann Rupert clearly sets out the logic behind the board’s choice to maintain the status quo at the multibillion-rand luxury goods empire that is Richemont. The information comes before the company’s annual general meeting in Geneva on Wednesday, 7 September.
However, Rupert cautions that management does not believe Bluebell, with a relatively small stake in the company, has a legitimate position to represent all the A shareholders. In addition to that, as previously noted inHe is the former chief executive of Bulgari, which was then bought by LVMH . Trapani was on the LMVH board of directors until 2016, and also acted as adviser to the chairman of LVMH.
Bluebell had also requested changes to the composition of the board, with the minimal number of board members to be increased from three to six and that each board member be either a representative of A or B shareholders, with an equal number of representatives for each type of shareholder.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘I have no relation with them whatsoever’ — Faith Nketsi distances herself from investment companyFaith Nketsi has distanced herself from real estate investment firm Relish Capital, cautioning her fans about the company. I have no idea on Bitcoin but I'm currently earning R67,458.67 weekly with R15,000 start up Capital, I'm happy to invest with Gabriel_FOS1 i just pulled out my profit,i highly recommend her to those interested Gabriel_FOS1
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: BusinessTechSA - 🏆 24. / 61 Read more »