MARC HASENFUSS: Blackmail at Richemont? Not so fast, Johann
Richemont’s Johann Rupert has swatted away investor calls for an independent board appointment. That’s all very well now, but what about in the future?
18 August 2022 - 05:00
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. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.