{"id":23458,"date":"2022-08-17T08:05:47","date_gmt":"2022-08-17T00:05:47","guid":{"rendered":"https:\/\/www.aplf.com\/2022\/08\/17\/luxury-richemont-resists-proposal-to-have-ex-bulgari-ceo-on-the-board\/"},"modified":"2022-08-17T08:05:52","modified_gmt":"2022-08-17T00:05:52","slug":"luxury-richemont-resists-proposal-to-have-ex-bulgari-ceo-on-the-board","status":"publish","type":"post","link":"https:\/\/www.aplf.com\/zh-hant\/2022\/08\/17\/luxury-richemont-resists-proposal-to-have-ex-bulgari-ceo-on-the-board\/","title":{"rendered":"Luxury &#8211; Richemont resists proposal to have ex-Bulgari CEO on the board"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"23458\" data-post-id=\"23458\" data-obj-id=\"23458\" class=\"elementor elementor-23458 dce-elementor-post-23458 elementor-23381\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-372d15d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"372d15d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-865f172\" data-id=\"865f172\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35eab76 elementor-widget elementor-widget-text-editor\" data-id=\"35eab76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>16 Aug 2022<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f231751 elementor-widget elementor-widget-heading\" data-id=\"f231751\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"\">Luxury - Richemont resists proposal to have ex-Bulgari CEO on the board<\/a><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a08a724 elementor-widget elementor-widget-text-editor\" data-id=\"a08a724\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The chairman of the board of luxury group Richemont, Johann Rupert, has written to shareholders ahead of its annual general meeting on September 7 to urge them not to allow the former chief executive of Bulgari, Francesco Trapani, to be elected to the Richemont board, writes <a href=\"https:\/\/leatherbiz.com\/\" target=\"_blank\" rel=\"noopener\">Leatherbiz<\/a>.<\/p><p>\u00a0<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-medium wp-image-23384\" src=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2022\/08\/image-28-500x363.jpg\" alt=\"\" width=\"500\" height=\"363\" srcset=\"https:\/\/www.aplf.com\/wp-content\/uploads\/2022\/08\/image-28-500x363.jpg 500w, https:\/\/www.aplf.com\/wp-content\/uploads\/2022\/08\/image-28.jpg 600w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/p><p>\u00a0<\/p><p>Investment group Bluebell has said it wants to use its shareholding in Richemont to have Mr Trapani elected to the board to represent the interests of holders of \u2018A\u2019 shares.<\/p><p><br \/>In his letter, Mr Rupert acknowledged that Bluebell is entitled under Swiss law to seek this election, but he said: \u201cRichemont\u2019s board has never sought to elect one specific director to represent the holders of its \u2018A\u2019 shares because it considers that directors must act in the interest of all shareholders and not only of one class of them.\u201d<\/p><p><br \/>He went on to say that if there has to be a representative of \u2018A\u2019 shares on the board, current directors would prefer this representative to be someone else. They have proposed an alternative candidate, Wendy Luhabe, who has extensive boardroom experience in Europe and South Africa.<\/p><p><br \/>\u201cMr Trapani is not independent,\u201d Johann Rupert said. \u201cHe has a long history of close relationship with the LVMH group and its main shareholder. He was the CEO of Bulgari when it agreed to be acquired by LVMH in 2011. He then served as CEO of LVMH\u2019s watches and jewellery division from 2011 to 2014, was on LVMH\u2019s board from 2011 to 2016 and an advisor to LVMH\u2019s CEO from 2014 through 2016. Mr Trapani resigned from Tiffany\u2019s board in November 2019, the day after the merger agreement was executed with LVMH. LVMH is one of our company\u2019s key competitors.\u201d<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-516b9ba elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"516b9ba\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6081fe\" data-id=\"b6081fe\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8d853ad elementor-widget elementor-widget-spacer\" data-id=\"8d853ad\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>16 Aug 2022 Luxury &#8211; Richemont resists proposal t&hellip; <a class=\"more-link\" href=\"https:\/\/www.aplf.com\/zh-hant\/2022\/08\/17\/luxury-richemont-resists-proposal-to-have-ex-bulgari-ceo-on-the-board\/\">\u95b1\u8b80\u5168\u6587 <span class=\"screen-reader-text\">Luxury &#8211; Richemont resists proposal to have ex-Bulgari CEO on the board<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-23458","post","type-post","status-publish","format-standard","hentry","category-industry-news-tc","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Luxury - Richemont resists proposal to have ex-Bulgari CEO on the board - APLF Limited<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.aplf.com\/zh-hant\/2022\/08\/17\/luxury-richemont-resists-proposal-to-have-ex-bulgari-ceo-on-the-board\/\" \/>\n<meta property=\"og:locale\" content=\"zh_TW\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Luxury - Richemont resists proposal to have ex-Bulgari CEO on the board - APLF Limited\" \/>\n<meta property=\"og:description\" content=\"16 Aug 2022 Luxury &#8211; 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