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Richemont Wins Support of Proxy Adviser Against Activist Investor Bluebell

by Editor August 23, 2022, 9:42 am 2k Views

Richemont Wins Support of Proxy Adviser Against Activist Investor Bluebell

Bluebell Capital Partners Ltd. was dealt a blow in its efforts to revamp the board of luxury-goods company Richemont after a prominent advisory firm counselled shareholders to vote against the activist investor’s board nominee at a Sept. 7 annual meeting.

Institutional Shareholder Services Inc. recommended in a report Monday that shareholders reject Bluebell’s proposal to name former Bulgari CEO Francesco Trapani to the board as…

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