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By Silke Koltrowitz
PARIS, Sept 7 (Reuters) – Luxury goods group Richemont CFR.Ssuccessfully batted away proposals from Bluebell Capital at a heated annual shareholder meeting Wednesday.
An overwhelming majority of the Cartier maker’s shareholders rejected Bluebell’s candidate Francesco Trapani, a former executive of rival LVMH LVMH.PA, to represent holders of publicly traded A shares on the group’s board and instead opted for current board member Wendy Luhabe.
Luhabe won the backing of 83.97% of shareholders of ‘A’ shares, while Trapani had 9.5%.
Shareholders also voted against Bluebell’s proposals to double the minimum number of board members and have equal numbers of A and B shareholder representatives on the board.
(Reporting by Silke Koltrowitz and Mimosa Spencer; editing by Edmund Blair and Jason Neely)
((Mimosa.Spencer@thomsonreuters.com;))
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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