Permira reduces stake in Hugo Boss for fifth time in two years

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Permira reduces stake in Hugo Boss for fifth time in two years whatsapp whatsapp Monday 9 February 2015 9:08 pm Private equity firm Permira is cutting its stake in luxury fashion retailer Hugo Boss, it said last night.Red and Black – which is 60 per cent owned by Permira – will reduce its holding in the German fashion retailer from 32 per cent to 12 per cent.It means Permira’s stake in Hugo Boss falls to just over seven per cent.It marks the fifth time Permira has shrunk its stake in Hugo Boss in the last two years, with Red and Black having reduced its holdings to 32 per cent from 39 per cent in December.Red and Black will sell at least 7.35m shares – a deal worth €806m (£599m) at the luxury fashion retailer’s current share price.The share sell-off will be joined by separate share sales to PFC and Zignago Holding – entities of previous owners the Marzotto family.Red and Black took a €5.3bn euro stake in Hugo Boss eight years ago and appointed Claus-Dietrich Lahrs as chief executive. The retailer’s share price has increased four-fold since then.Red and Black has also agreed to wait for at least another 90 day period before announcing any further share sales. Share Express KCS Show Comments ▼ Tags: NULLlast_img read more

Why Democrats reopened the debate about germline gene editing

first_img By Lev Facher June 18, 2019 Reprints Why Democrats reopened the debate about germline gene editing [email protected] What’s included? STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. WASHINGTON — A rogue Chinese scientist stunned the world last year when he announced the birth of genetically modified twin girls, prompting widespread outcry from the broader scientific community and calls for a “global moratorium” on editing human embryos that result in births.Yet months later, Democrats on Capitol Hill surprised many science policy experts when they attempted to roll back a related, 4-year-old ban on altering the DNA of embryos intended for pregnancies. GET STARTED Tags CongressCRISPRpolicy Log In | Learn More Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.center_img Washington Correspondent Lev Facher covers the politics of health and life sciences. Politics Adobe Lev Facher @levfacher About the Author Reprints Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED What is it?last_img read more

Your guide to the game as Laois ladies footballers finish league campaign against Cavan

first_img Kelly and Farrell lead the way as St Joseph’s claim 2020 U-15 glory Pinterest Twitter Facebook GAA Pinterest WhatsApp This weekend sees Laois travel to their last game of the league, playing Cavan.Here is all you need to know before the game:When, where, what time?This round seven fixture takes place in Crosserlough, Cavan, on Sunday April 7 at 2pm. GAA By Siun Lennon – 7th April 2019 Previous articleDeaths in Laois – Sunday, April 7, 2019Next articleIrish EU exit ‘Irexit’ billboard posted in Portlaoise Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Your guide to the game as Laois ladies footballers finish league campaign against Cavancenter_img Facebook WhatsApp Here are all of Wednesday’s Laois GAA results What has Cavan’s form been like this season?Cavan are currently fifth on the leaderboard behind Armagh, Waterford, Kerry and Clare. They’ve recorded three wins and two losses so far, and have yet to play two games – Laois and a rescheduled fixture against Kerry.They defeated Tyrone in the opening round – 13 points to 3-4 – but lost heavily to Armagh in their second game of the league.They bounced back to defeat Clare 2-11 to 2-8 but lost to Waterford by a single point a week later. Clare came out on top of their latest fixture, defeating Wexford 3-13 to 2-9.Who’s managing Cavan and what players should we watch out for?Armagh man James Daly is over the Cavan side. Aisling Maguire and Sheridan sisters Mona and Aisling from Mullahoran are ones to watch out for in this battle.What’s Laois’s recent history like against Cavan?Last year Laois ladies suffered a disappointing opening league defeat to Cavan.In 2017, Cavan were the team which sent Laois out of the All-Ireland qualifiers. The Breffni county need to make it three wins from three to have a chance at a spot in the league semi-finals.What have Cavan been like in the last couple of seasons?Cavan are operating at senior level in ladies football. Last year, they came bottom of group four between themselves and Dublin and Mayo.They avoided relegation from the senior championship thanks to superb second half comeback, with Aisling Maguire playing a stellar role that day.The Breffni county have reached the last two league finals, missing out on the top spot each time.They reached last year’s division 2 final, losing out to Tipperary 0-21 to 3-11.  In 2017, their encounter with Westmeath saw the Lake County come out on top – 3-15 to 11 points.Who’s the referee?Des McEnery referees this final league game for Laois. The Westmeath native is a familiar face for the Laois ladies, having refereed their first round meeting with Armagh this February and their clash with Wexford on St Patrick’s Day.He was also the man in the middle at last year’s intermediate Leinster final between Laois and Wicklow.What other Division 2 games are on this weekend?There are three other division 2 games being played this Sunday. These are:Tyrone v KerryClare v WaterfordArmagh v WexfordHow much is it to get in?It’s €10 to get in for adults and €5 for students and senior citizens.SEE ALSO – Laois GAA pundit hits out at Carlow football coach as war of words continues Home Sport GAA Your guide to the game as Laois ladies footballers finish league campaign… SportGAALadies FootballLaois Senior Ladies Football Team Twitter GAA RELATED ARTICLESMORE FROM AUTHOR TAGSLaois Ladies FootballLaois Ladies FootballersLaois v Clare 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshinlast_img read more

UN Security Council Condemns NK

first_imgNews By Kim Tae Hong – 2012.04.17 2:26pm SHARE UN Security Council Condemns NK News There are signs that North Korea is running into serious difficulties with its corn harvest AvatarKim Tae Hong RELATED ARTICLESMORE FROM AUTHORcenter_img Facebook Twitter News Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak The UN Security Council on the 16th at 10am (Seoul time 16th at 11pm) had adopted a ‘strongly condemning’ presidential statement towards North Korea’s rocket launch. It has been three days since North Korea launched its rocket despite oppositions from the international community. The Security Council underscored that, “Any launch using ballistic missile technology even if it is characterized as satellite launch or space launch vehicle is a serious violation of Security council resolution 1718 and 1874”. “The Security Council deplores that such a launch has caused grave security concerns in the region”.The council demanded, “DPRK not proceed any further launches using ballistic missile technology and comply with resolutions 1718 and 1874 by suspending all activities related to its ballistic missile programme. And in this context we establish its preexisting commitment moratorium on missile launches”. The Security Council’s prompt statement is due to North Korea’s violation of rocket launch breaking the promise with the international community and threatening the peace in the region. In particular, China who has been defending North Korea’s position has agreed that it is a provocation which clearly violates the UN resolution.There are rising concerns on how North Korea will respond. Experts predict that North Korea will carry out nuclear tests or other forms of provocations if the international community applies sanctions on them. News North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

HSBC to exit consumer finance business in Canada

Share this article and your comments with peers on social media HSBC Financial Corp. Ltd. is winding down its consumer finance business, the subsidiary of HSBC Bank Canada said Wednesday. HSBC says the consumer finance business no longer supports its core businesses and growth strategy in Canada. HSBC Financial is the legacy business of Household International acquired by HSBC in 2003 and already wound down in the United States and the United Kingdom. In Canada it has operated under the separate brand of HSBC Finance on a stand-alone basis from HSBC Bank Canada branches. “This move, while not taken lightly, will allow HSBC to better focus our resources on the core businesses that matter most to our Canadian banking customers,” said Lindsay Gordon, chairman, HSBC Financial, and president and CEO, HSBC Bank Canada, in a release. He added that HSBC tried to sell the business, but “a suitable buyer could not be found.” “The decision will have no impact on HSBC’s banking operations in Canada,” said. HSBC Financial consumer finance offices will cease taking loan applications and will be closed as soon as practical, says HSBC. Initially, approximately 500 employees at 75 offices across Canada will be impacted. The business will continue to service and collect its existing receivable loans and to provide customers with call centre support. There will be no impact on the medium-term notes of HSBC Financial Corp. Ltd. which will be paid on their scheduled maturity in May 2012. IE Staff Companies HSBC Bank Canada Facebook LinkedIn Twitter read more

CSA approves final IIROC CRM2 amendments

first_img However, the regulators have yet to decide whether to grant a five and a half month extension that is being sought by the investment Industry Association of Canada (IIAC), which would allow dealers to adopt certain elements of these reforms at the end of 2015 and 2016, rather than in mid year. IIAC steps up lobbying to delay CRM2 The IIAC has called on regulators to push back the deadline for the reforms to yearend on the basis that this makes a more logical implementation date for clients; and, among other things, that such a delay would help firms comply with the rules. Investor advocates have opposed the delay. For now, IIROC says that it is considering the request, along with the CSA, and that it will issue a separate notice when a decision is made. In the meantime, regulators have approved the final details of the rules that impose new requirements primarily designed to enhance disclosure of the costs of investing to clients, and improve reporting on account performance. IIROC says that its version of the rules “are generally consistent” with the CSA’s CRM2 amendments. No material changes were made to the version of the rules published last fall, largely at the behest of the CSA, which wanted to ensure that the requirements to report off-book positions proposed by IIROC are equivalent to the CSA’s rules in this area. “With enhanced disclosure there will be greater transparency of account information which should result in more meaningful conversations between advisors and their clients,” said IIROC president and CEO, Andrew Kriegler. “Now that all elements of the Client Relationship Model reform initiative have been approved, we will continue to work with the industry and stakeholders to focus on effective implementation.” IIROC notes that it has also compiled and issued a list of FAQs to address common CRM2 implementation questions. It is also developing guidance to clarify elements of the initial CRM reforms, which deal with KYC and suitability obligations, and account relationship disclosure. James Langton TD Waterhouse fined $4 million for ignoring CRM2 Keywords Client relationship modelCompanies Canadian Securities Administrators, Investment Industry Regulatory Organization of Canada Securities regulators have finalized the remaining set of reforms designed to improve transparency to retail clients, known as the Client Relationship Model (CRM2) reforms, although they have yet to decide on final implementation dates for these measures. The Investment Industry Regulatory Organization of Canada (IIROC) said Monday that it has received approval from the Canadian Securities Administrators (CSA) for its remaining CRM2 amendments, which are slated to be implemented in stages on July 15, 2015 and July 15, 2016. Related news CRM2 fee disclosures fail to enlighten, empower investors: report First enforcement, now an exemption Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Toronto home sales in September up from a year ago

first_img Canadian Press Related news Leading indicators signal steady rebound: OECD The Toronto Real Estate Board says home sales in the Greater Toronto Area in September were up 22% compared with a year ago as the cost of buying a house also pushed higher.The board says there were 7,825 sales through its MLS System last month compared with 6,414 sales reported in September 2018. Household debt-to-income ratio fell in first quarter: Statscan Keywords Housing,  Economic indicators On a month-over-month basis, sales in September were virtually the same as August.The MLS home price index composite benchmark was up by 5.2% on a year-over-year basis in September.Meanwhile, the average selling price for all home types combined was $843,115, up 5.8% compared with a year ago.The number of new listings in September was down 1.9% compared with a year ago at 15,611.This report by The Canadian Press was first published Oct. 3, 2019. Economy lost 68,000 jobs in May Toronto sign in Nathan Phillips Square with Old City Hall and downtown buildings in the back rgbspace/123RF Share this article and your comments with peers on social media Facebook LinkedIn Twitterlast_img read more

Deputy Prime Minister Extends Condolences to Haiti After Devastating Earthquake

first_imgRelatedDeputy Prime Minister Extends Condolences to Haiti After Devastating Earthquake Advertisements RelatedDeputy Prime Minister Extends Condolences to Haiti After Devastating Earthquake Deputy Prime Minister Extends Condolences to Haiti After Devastating Earthquake Office of the Prime MinisterJanuary 14, 2010center_img FacebookTwitterWhatsAppEmail Deputy Prime Minister and Minister of Foreign Affairs and Foreign Trade, Hon. Dr. Kenneth Baugh in a letter to his Haitian counterpart, Her Excellency Marie-Michele Rey today (Wednesday Jan 13), expressed his deep regret and sadness to the Haitian Government and people for the suffering caused by the devastating earthquake that rocked that country.Dr. Baugh said that Jamaica stands “ready to do all within our power to provide relief and assistance, including dispatching a military contingent to support search and rescue and to assist in the restoration of public utilities.”The Deputy Prime Minister expressed the “deepest and most heartfelt sympathy ” of the Jamaican Government and people for the earthquake which has caused widespread loss of life and injury to millions as well as massive destruction of property and infrastructure.As Chairman of CARICOM’S Council for Foreign and Community Relations (COFCOR), Dr. Baugh has initiated consultation with his Caribbean colleagues with a view to co-ordinating assistance to the Haiti which is a member state.Dr. Baugh said that while offering aid and assistance, the Foreign Ministry would be keeping a line of communication open with the Haitian Government in order to safeguard the welfare of any Jamaicans that might be in that country.The CARICOM Secretariat has also been in communication with its Caribbean Disaster and Emergency Management Agency (CDERMA) regarding the mobilisation of assistance to Haiti. RelatedDeputy Prime Minister Extends Condolences to Haiti After Devastating Earthquakelast_img read more

Notice of Meeting: U.S. Advisory Commission on Public Diplomacy 9 February

first_imgNotice of Meeting: U.S. Advisory Commission on Public Diplomacy 9 February The U.S. Advisory Commission on Public Diplomacy (ACPD) will hold a virtual public meeting from 12:00 p.m. to 1:30 p.m., Thursday, February 11, 2021.In addition to showcasing the Commission’s recently-published 2020 Comprehensive Annual Report on Public Diplomacy and International Broadcasting, the meeting will feature a panel of independent experts who will examine the challenges facing U.S. government public diplomacy in 2021 and beyond, including the long-term impact of the COVID-19 pandemic and growing authoritarian influence campaigns. Panelists include: Martha Bayles, Senior Lecturer in Humanities at Boston College; Kathy Fitzpatrick, Director of the Zimmerman School of Advertising and Mass Communications at the University of South Florida; and Jay Wang, Director of the USC Center on Public Diplomacy. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Bayles, Boston, Commission, communications, covid-19, Department of State, Diplomacy, director, Florida, Government, Impact, pandemic, school, U.S., university, University of South Florida, USClast_img read more

Small business and unions join together for Award improvements to help recovery

first_imgSmall business and unions join together for Award improvements to help recovery Australia’s leading small business association and the peak trade union body are supporting an agreement between the SDA and Master Grocers Australia that will make changes to the Retail Award which covers about 1.2million workers.The improvements are in a submission to the Fair Work Commission, and if agreed, will allow retail businesses and workers to agree to increased hours for part time workers that provide flexibility to business and certainty and security for part time workers.The improvements are supported by the ACTU and COSBOA as a decent and fair response to the challenges faced by the retail sector in the pandemic and will ensure that the recovery does not further casualise work.The new system requires that any change in hours is done by written agreement between workers and employers and includes a provision that would ensure that any sustained increase in hours can be reviewed and incorporated into workers’ contracted hours. This reform will guarantee workers have certainty of hours as the recovery progresses and business is able to adjust to increasing demand.Importantly, both employers and workers will gain access to arbitration through the Fair Work Commission.The ACTU and COSBOA said today that this agreement shows that when the interests of real small business and workers are considered, and the ideological obsessions of the big business IR lobby groups are put aside, real improvements to the system can be made that delivers fair flexibility and certainty for both employer and workers.The ACTU and COSBOA believes these changes will strengthen the use and rights of permanent part time work and avoid the casualisation of the economic recovery. This will also provide small businesses with the confidence and flexibility to rebuild their businesses as part of the economic recovery.Quotes attributable to COSBOA Chief Executive Officer Peter Strong:“Small businesses needs strong consumer confidence and to be able to adapt to changing conditions. These new arrangements deliver both by ensuring certainty for working hours but also creating flexibility for businesses to grow permanent jobs as the economy recovers.“Small businesses want to invest in their employees, giving more hours in a fair and planned way to existing part time workers. This agreement does this by respecting employees rights to certainty and also giving flexibility to small business. Unlike other solutions this agreement provides enforceable rights for business and workers.“Genuine agreement between unions and employers has always been possible, but not in a process which has been hijacked by ideologues.”Quotes attributable to ACTU Secretary Sally McManus:“Underemployment is a major problem in our economy, and we risk the jobs recovery in hard hit sectors becoming entirely casualised, with workers having no chance of permanent jobs with permanent rights and predictable hours.“These new rights will mean greater certainty and protection for working people. More hours when you want and when the business recovers, with secure pay and the guarantee of ongoing work with regular hours and will not leave workers worse off.“Agreements like this are possible when the needs of ordinary people are put ahead of ideology. There are too many big business lobby fanatics who just want more one-way flexibility by removing protections for workers. There are better ways to approach problems where workers rights can be protected and improved while also addressing the particular concerns and circumstances of hard-hit small businesses. It takes good will, creativity and a willingness to genuinely listen to each other.“Getting money into the hands of working people and giving them the security to spend is the only way out of the pandemic recession. The Government’s Omnibus Bill will hurt working people and the economic recovery. Flexibility and fairness can only be achieved by working together, the Omnibus Bill imposes solutions that undermine fairness.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:ACTU, agreement, Australia, Commission, creativity, Employees, fair work, Fair Work Commission, Government, recession, Retail, retail business, retail sector, Secretary, Small Business, trade unionlast_img read more