--Activist investor Third Point has built up a significant stake in Compagnie Financiere Richemont SA and is urging moves to propel the Swiss luxury-goods group's share price, fashion website Miss Tweed reports, citing unnamed sources.

--The New York-based hedge fund and another activist with a smaller interest are putting pressure on the group to take share-boosting action, Miss Tweed reports.

--Richemont didn't immediately respond to a request for comment from Dow Jones Newswires.

Full story: https://bit.ly/3bNYNaz

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

November 08, 2021 02:38 ET (07:38 GMT)

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