LONDON - Shareholders of Compagnie Financiere Richemont SA gave the green light to a proposed de-merger of the firm’s luxury goods business from its tobacco and other interests.
As a result, the first phase of Richemont’s re-structuring will begin on Monday, October 20. Richemont, parent of brands including Cartier, Dunhill and Chloe, will continue to be listed on the Swiss stock exchange.
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