Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Activist Bluebell Wants Richemont Succession Plan Made Public

Oct. 6, 2022, 11:56 AM

Bluebell Capital Partners Ltd. is fueling its spat with Richemont by urging a Swiss regulator to assess whether the luxury goods company must make public its succession plan.

The activist investor’s co-founders Giuseppe Bivona and Marco Taricco made the request in a Sept. 27 letter to the listing and enforcement department of SIX Exchange Regulation AG, a copy of which has been reviewed by Bloomberg News.

Bluebell referenced an August interview given by Johann Rupert to a Swiss financial newspaper and website, in which the Richemont chairman mentioned a succession plan that had the full support of the company’s board. ...