The power struggle pitting one of Europe’s richest drinks families against the chief executive officer of their firm is intensifying as shareholders vote on ousting him from the main holding company.
Romy Castel, daughter of 99-year-old billionaire founder Pierre Castel, and nephew Alain Castel are vying to remove Gregory Clerc at a Jan. 8 investor meeting of the eponymous beverage group’s Singapore-based holding. The dispute went public in recent weeks as family members criticized Clerc’s strategic vision and what they say is his attempt to seize power. He’s rejected their claims, saying he has a broad mandate to run the ...