As of right now it’s only a rumor. US-based activist hedge fund Third Point is allegedly about to buy shares of Richemont. It’s not public knowledge yet what the measure of the investment will be. But the indiscretion alone was enough to push the Group’s stock up by 5% at the Zurich stock exchange. Yet, the arrival…
An activist hedge fund enters Richemont (and Rupert may find trouble)
