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MARC HASENFUSS: Blackmail at Richemont? Not so fast, Johann

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Richemont's Johann Rupert has swatted away calls for a new board appointment. That's all very well now, but what about in the future? Asks MarcHasenfuss

Anyone who has attended investment behemoth Remgro’s AGMs over the past few years will certainly not be surprised at developments at luxury brands conglomerate Richemont last week.

Readers will know that activist shareholder Bluebell Capital Partners has pressed for board representation at Richemont, where the Rupert family hold “artificial control” through an A & B share structure. A similar structure also exists at Remgro, which is still SA’s largest investment company. ..

 

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