Cartier Could Be an Easy Win for Activist Third Point

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.