Pursuits
Richemont Chairman Rupert to Take Sabbatical After 25 Years
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Cie. Financiere Richemont SA Chairman and controlling shareholder Johann Rupert will take a year off, leaving management of the world’s second-biggest luxury-goods company to a team of executives including Cartier’s former CEO.
The stock rose as much as 7.6 percent to a record after the Geneva-based maker of Montblanc pens and Chloe fashion said it’s increasing its dividend 82 percent to 1 Swiss franc a share to mark its 25th anniversary.