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.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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One slip, you dip
Article Abstract:
The importance of reputational risk management is discussed.
Publication Name: Treasury & Risk
Subject: Business
ISSN:
Year: 2007
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