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PARIS (Reuters) – Valoptec International which represents employees and former employees of Ray Ban maker EssilorLuxottica has proposed the appointment of an additional independent director to the group’s board in a bid to resolve governance issues. Valoptec said in a statement it had submitted a draft resolution for a May 16 EssilorLuxottica shareholders meeting, to appoint British national Peter James Montagnon as independent director ball return cufflinks. The group that resulted from a merger of French lenses producer Essilor and Italian frame manufacturer Luxottica last October, creating the world’s largest eyewear maker in a 54 billion euro ($61 billion) deal, has been embroiled in a bitter dispute as each accuse the other of trying to dominate..
Valoptec said that with the appointment of Montagnon, EssilorLuxottica’s board would have a greater proportion of independent directors who would be able to promote exemplary and effective governance, and constructive perspective in implementing the merger agreement. “EssilorLuxottica combines two great businesses which are being held back by a corporate governance logjam ball return cufflinks. The first task is to resolve this impasse in everybody’s interest,” Montagnon said in the statement..
WASHINGTON (Reuters) – U.S ball return cufflinks. retail sales increased by the most in 1-1/2 years in March as households boosted purchases of motor vehicles and a range of other goods, the latest indication that economic growth picked up in the first quarter after a false start. The economy’s enduring strength was reinforced by other data on Thursday showing the number of Americans filing applications for unemployment benefits dropped to the lowest in nearly 50 years last week. Fears of an abrupt slowdown in growth escalated at the turn of the year after a batch of weak economic reports..
They were also exacerbated by a brief inversion of the U.S. Treasury yield curve in late March. But those concerns have dissipated in recent weeks amid fairly upbeat data on trade, inventories and construction spending that have suggested growth last quarter could be better than the moderate pace logged in the final three months of 2018. A report from the Federal Reserve on Wednesday described economic activity as expanding at a “slight-to-moderate” pace in March and early April. The Fed’s “Beige Book” report of anecdotal information on business activity collected from contacts nationwide showed a “few” of the U.S. central bank’s districts reported “some strengthening.” ball return cufflinks.
“The rebound in retail sales underscores that the domestic outlook remains favorable and well-supported by the labor market, and it dispels the misguided concerns that the U.S. economy is slipping into recession,” said Kathy Bostjancic, head of U.S. macro investor services at Oxford Economics in New York. The Commerce Department said retail sales surged 1.6 percent in March, the biggest increase since September 2017, after dropping 0.2 percent in February. Economists polled by Reuters had forecast retail sales accelerating 0.9 percent last month ball return cufflinks.