No luxury

Article Abstract:

Richemont is planning an offer of 1.04 billion pounds sterling for a 30% stake in Vendome Luxury. The offer does not appear generous, but minority stockholders have little power to improve it. Richemont is using investors' concerns over a crisis in Asian markets, which account for 38% of Vendome's sales. Richemont argues that it will have to invest substantial sums in Vendome. Mercury Asset Management is among the largest of the minority stockholders and may be able to negotiate a better price.

Jewelry, Silverware, and Plated Ware, Jewelry & Silverware, Jewelry and Silverware Manufacturing, Investments, Securities, Luxuries, Richemont S.A., Vendome Luxury Group

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One slip, you dip

Article Abstract:

The importance of reputational risk management is discussed.

United States, Management dynamics, Asset & Risk Management, Management, Risk management, Company business management, Reputation

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