Jacques lheureux

NEW YORK/MILAN/PARIS: LVMH, the world's biggest luxury group, has called off its US$16-billion engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself. The jilted bride thinks so, too. On Wednesday, after news that LVMH would not proceed with its takeover deal, Tiffany Chief Executive Alessandro Bogliolo held a call with employees, saying the executives are in wait-and-see mode. He told employees that Tiffany executives hadn't solicited LVMH's takeover. If the deal collapses, he said, Tiffany will be fine as it is. Tiffany declined to comment. Tiffany's shares ended trading Thursday at US$114.36. Before news of the deal - in which LVMH offered US$135 per share to Tiffany’s investors - came out in October, Tiffany shares were at US$98.55. That means that investors value Tiffany 16per cent higher despite both COVID-19's blow to sales and the prospect of no LVMH deal. "It certainly seemed as if this deal was a strength in numbers … [Read more...] about Analysis: Life without LVMH? How Tiffany might fare without the luxury giant

REUTERS: Rio Tinto said on Friday its chief executive would step down in the wake of mounting dissatisfaction over the findings of an internal review into how the miner legally destroyed historically significant Aboriginal rockshelters. A process to identify a successor to CEO Jean-Sébastien Jacques was under way and he will continue in the role until a replacement is found or March 31 next year, whichever is earlier, the company said. Chris Salisbury will step down as chief executive of the iron ore division with immediate effect and leave Rio Tinto on Dec. 31, the company said, while Simone Niven would step down as group executive of corporate relations. CEO Jacques has apologised at an Australian Senate enquiry for the destruction that was against the wishes of Aboriginal traditional owners, saying there was no doubt the company could have made better decisions. After a board-led review of the legal destruction of the sacred sites in Western Australia in May for a mine … [Read more...] about Rio Tinto top executives to step down after Australia cave blast review

SARRAN, France: After two agonising near misses, Swiss Marc Hirschi finally claimed his maiden Tour de France win, and his first as a professional, when he completed a solo break to take the 12th stage on Thursday (Sep 9). Having finished second in the second stage in Nice and third in the ninth stage in Laruns after a long solo breakaway in the Pyrenees, the former Under-23 world champion held off a group of chasers to prevail following a bumpy 218km trek that ended in former French president Jacques Chirac's hometown. France's Pierre Rolland was second and Hirschi's Sunweb team mate Soren Kragh Andersen of Denmark took third place as Slovenian Primoz Roglic retained the overall leader's yellow jersey. "It's unbelievable, I was twice really close and actually today I never believed that I could make it," said the 22-year-old Hirschi. "I went full gas. It's super nice. Actually I was always doubting, I had the picture in my mind of the last two stages. My first victory as a … [Read more...] about Cycling: Hirschi soloes to maiden win, Roglic stays in yellow

Doubles from two Indian youngsters Paul Ramfangzauva (49', 66') and Jerry Mawihmingthanga (51', 67') enabled Odisha to end the season on a high, with S Lalhrezuala (33') and Diego Mauricio (69') chipping in. Goals from Anthony Pilkington (24'), Aaron Joshua Holloway (60', 90'), Jeje Lalpekhlua (74') and an own goal from Ravi Kumar (37') made up East Bengal's tally. East Bengal who started brightly and scored first. Pilkington showed some great skill, striding forward into the box and unleashing a shot past Odisha keeper Ravi. SCEB dominated play soon after the goal and it looked like Odisha was in for another long night. However, they managed to turn the narrative on its head when S Lalhrezuala found the net. The goal came from a corner that the East Bengal defence failed to deal with properly, something that has cost them all season. But they were soon to retake the lead and the goal, which came just minutes later, was Odisha's season in a nutshell. Their defence failed to clear … [Read more...] about ISL 2020-21: OFC vs SCEB: Odisha down East Bengal in 11-goal thriller

LONDON: George Russell and Nicholas Latifi welcomed their Williams team’s change of ownership as a positive step that will help the former Formula One champions climb back up the competitive order. The Grove-based team announced their sale to US-based Dorilton Capital last week, marking the end of an era for the family-owned outfit. The private investment firm said they would carry out a thorough review to determine where best to direct their investment so as to help the struggling team rediscover past glories. "It’s secured the future, the stability of the team which is first and foremost the most important thing," Canadian Latifi, making his Formula One debut this season, told reporters via video conference at the Belgian Grand Prix on Thursday. "In terms of what changes do I think need to be made, I think that’s more for them to decide. Overall it can only be positive." Williams were founded in 1977 and are the third oldest and most successful constructor in Formula One … [Read more...] about Formula 1: Williams drivers welcome team sale