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SHISEIDO
Senior Manager - Marketing, Ipsa
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Logistics & Warehouse Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Head of Product Development And Fit (Garment, Fashion Accessories, Home Textile, Etc.)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager (Baby Wear) - Dongguan
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Finance Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Technical Manager
Permanent · CLEARWATER
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Factory Manager (Stationed in Bangladesh)
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
General Manager (Stationed in Bangladesh)
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SHISEIDO
Senior Officer - Talent Acquisition, Human Resources
Permanent · Hong Kong
SHISEIDO
Network & Security Specialist, Information And Technology Transformation
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
National Business Trainee (3d Artistist / Designer) - 2-Year Programme
Permanent · CLEARWATER
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Fabric Manager
Permanent · CLEARWATER
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandising Manager – Beauty Accessories & Fashion Accessories
Permanent · CLEARWATER
SHISEIDO
Travel Retail - Area Sales Manager, Greater China, Prestige, Cpc & Fragrance
Permanent · Hong Kong
SHISEIDO
Manager - Finance And Accounts (Business Process, Operations & Financial Compliance)
Permanent · Hong Kong
SHISEIDO
Senior Manager - Financial Planning & Analysis, Finance And Accounts
Permanent · Hong Kong
NIKE
HR Manager/Assistant Manager - Hrbp (1-Year Contract)
Permanent · Hong Kong
PUMA
Executive, Key Account - Partner Store
Permanent · Hong Kong
SHISEIDO
Officer - Marketing, Nars
Permanent · Hong Kong
BESTEAM PERSONNEL CONSULTANCY LTD.
Packaging Product Development Executive
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Operations Team Supervisor / Coordinator
Permanent · TIJUANA
BESTEAM PERSONNEL CONSULTANCY LTD.
Merchandiser (Woven Mainly)
Permanent · TIJUANA
By
AFP
Published
Nov 8, 2021
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Richemont stock rises on Third Point investment rumours

By
AFP
Published
Nov 8, 2021

Richemont surged on the Swiss stock exchange on Monday on press reports that the US activist hedge fund Third Point has bought a stake in the luxury goods group.


Photo: - @cartier



According to the Financial Times newspaper and the Miss Tweed online news portal, the New York-based hedge fund founded by US activist investor Daniel Loeb has bought into the Geneva-based group, which counts Cartier among its brands.

And the US fund Artisan Partners, which owns 1.2 percent of the company and has held a stake for several years, is also pushing for Richemont to improve its performance, said the FT, citing an unnamed source.

At 1323 GMT, Richemont shares were up 3.57 percent at 124.60 Swiss francs, significantly outperforming the SMI, the Swiss stock exchange's benchmark index, which was up 0.36 percent.

Richemont and Third Point declined to comment when contacted by AFP.

Third Point is known to push large groups into speeding up changes. In October, it notably invested several hundred million dollars in the oil giant Royal Dutch Shell, calling for it to split into several companies due to what Loeb sees as an inconsistent strategy.

In Switzerland, it targeted Nestle in 2017, six months after the arrival of a new boss, criticising the food giant for trailing in the wake of smaller competitors more in tune with new consumer trends.

According to FT, Richemont has been criticised for not keeping pace with its competitors during a decade of growth for the luxury sector, boosted by demand from Chinese consumers.

Though Richemont chairman Johann Rupert only holds 9.1 percent of the capital, he nevertheless controls 50 percent of the voting rights.

Richemont, which realises more than half of its turnover in jewellery, is due to publish its half-year results on Friday.

 

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