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According to a source close to the situation, the fund through which Clessidra owns Cavalli has reached its statutory limit of investment. Out of 80 potential investors contacted by Rothschild, three expressed interest in buying the company as a whole, the document revealed. Bluestar, a U.S patek philippe replica cufflinks. holding company which owns fashion brand Bebe, revised its initial offer but expressed “its willingness to evaluate an acquisition of the business within the framework of a debt restructuring agreement”..
Diesel-owner OTB, the group run by Renzo Rosso which had initially denied an interest, also offered to invest in Cavalli together with current shareholders and said it was “available to proceed with a deal as part of creditor procedure”. German fashion designer Philipp Plein, who has his own brand, could be interested in pursuing takeover negotiations but only after an accord with creditors is reached, the document showed patek philippe replica cufflinks. Cavalli is liquidating its U.S. unit and closed its stores there this week..
FRANKFURT (Reuters) – Commerzbank’s (CBKG.DE) market share is too small and organic growth is too slow, the lender’s chief executive told employees as he weighs a tie-up with Deutsche Bank (DBKGn.DE). “That’s why we are also currently look at alternative options for growth,” CEO Martin Zielke told employees, according to comments posted on the bank’s intranet and seen by Reuters patek philippe replica cufflinks. “The alternative of doing nothing is not an option,” he said. Bloomberg first reported the comments..
WASHINGTON (Reuters) – U.S patek philippe replica cufflinks. President Donald Trump may feel he is “stuck” with Federal Reserve Chairman Jerome Powell, whom he has blasted for engineering four interest rate hikes since Trump appointed him, but none of Trump’s other Fed appointees has stood in the way of the tightening campaign and at least one has said even higher rates may be necessary. The voting records and public statements of Trump’s Fed appointees, who now form a solid majority of the Fed’s Washington-based board of governors, show not only consensus around the recent increases, but no support so far for the rate cuts Trump has demanded..
A possible upcoming nominee to the Fed, economic commentator Stephen Moore, has said he agrees with Trump that rates should be cut and had earlier called for Powell’s ouster. Trump has mulled whether he could fire Powell, but in a March 8 phone call, reported by the Wall Street Journal, acknowledged he was “stuck” with the Fed chair for Powell’s full four-year term that runs to February 2022. If Moore does take a seat alongside Trump’s appointees at the Fed, at this point he would be the outlier patek philippe replica cufflinks.