Diamonds and experience don’t mix. This may be the one stage that an activist investor need make to the proprietor of French jeweler Cartier.
Shares in Geneva-based Compagnie Financière Richemont rose 4% in morning shopping for and promoting Monday following a weekend report in vogue journal Miss Tweed that Daniel Loeb’s Third Degree hedge fund has constructed a stake. If confirmed, it is perhaps the fund’s second notable European funding in as many weeks, after it recently called for a break up of Royal Dutch Shell with arguments the oil principal rejected.
https://www.wsj.com/articles/cartier-could-be-an-easy-win-for-activist-third-point-11636382507?mod=rss_markets_main | Cartier Could Be an Simple Win for Activist Third Degree