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Bluebell Takes Kering Stake in Move to Push for Change

Richemont CFO Burkhart Grund Earned $14 Million Last Year, Annual Report Says

Bluebell Capital has taken a stake in French luxury group Kering and is pushing for change, including looking at a tie-up with Cartier-owner Richemont, two sources close to the matter told Reuters on Wednesday.

Kering, whose fortunes are tied to its star label Gucci, which accounts for half of its sales and almost two-thirds of its operating profit, has come under pressure to diversify its revenue sources.

Kering shares traded up 7 percent on…


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Spain Elections: Results Show No Party With Enough Votes to Govern

Apple supplier Foxconn's failed India chip venture shows how tough it is for new players

Apple supplier Foxconn’s failed India chip venture shows how tough it is for new players