Two heirs to one of Europe’s richest drinks families lost the first round in their battle to oust the top executive of their family’s eponymous firm, Castel Group.
Chief Executive Officer Gregory Clerc held on to his role as a director of a key corporate entity in Singapore after family members on Thursday failed to push through a vote to remove him. Romy Castel, daughter of 99-year-old billionaire founder Pierre Castel, had convened the gathering with the backing of one of his nephews, Alain Castel.
They said in a statement that they were prevented from registering their votes due to ...
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