"Despite the challenging environment ahead, the company feels secure heading into the new fiscal year, thanks in part to its EUR5.3 billion net cash position, Chairman Johann Rupert said."
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"While Chairman Johann Rupert is defusing a potential standoff with Loeb over YNAP, Richemont's founder said the move isn't a response to activist pressure."
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"The more challenging activist play would be influencingthe company withChairman Johann Rupert at the helm. "
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"Richemont Chairman Johann Rupert controls 50% of the company's voting rights at the company, which has a market value of 72 billion francs ($79 billion)."
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