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Report: Activist Investor Third Point Builds Stake in Richemont

The hedge fund is likely to put pressure on the luxury group’s capital structure and lagging online businesses, as shares trailed sector leader LVMH last year.
Cartier store. Shutterstock.
Activist hedge fund Third Point has built a stake in Richemont, media reported on Sunday. Shutterstock. (Shutterstock)

Activist hedge fund Third Point has built a stake in Richemont, media reported on Sunday, a development likely to put the luxury goods group’s capital structure and underperforming online businesses in the spotlight.

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