Italian designer Giorgio Armani and actress Sophia Loren in Milan. picture alliance/dpa/dpaweb | epa to Matteo Bazzi
Giorgio Armani is open to new avenues for his company, but is not ruling anything out. An IPO has not yet been discussed, but he believes it is an option in the distant future. The Italian fashion designer had fought for years to ensure that his company remained independent of large corporations.
The Italian fashion designer Giorgio Armani has shown himself surprisingly open to new directions for his company of the same name. “Independence from large corporations could continue to be a driving value for the Armani Group in the future, but I don’t think I can rule anything out,” the group boss said in a written interview with the Bloomberg news agency on Friday.
An IPO has not yet been discussed, he said. “But it’s an option that can hopefully be considered in the distant future.” He couldn’t imagine a takeover by a large luxury group at the moment, but he didn’t want to rule out any option from the outset.
The Italian luxury industry is deeply unsettled
The fashion designer had fought for years to ensure that his company did not become part of an international group. In three months the manager will celebrate his 90th birthday.
The Italian luxury industry is deeply uncertain about the future. Many other Italian companies are still independent and family-run, including Salvatore Ferragamo, Prada, Moncler and Ermenedilgo Zegna.
Other brands, such as Fendi or Bulgari, have been bought up by major French competitors LVMH and Kering in recent years.
dpa
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Design icon Giorgio Armani is not ruling out selling his company
IMF on the reasons for the rise in prices for gold and bitcoins
– 2024-04-19 21:39:46
The International Monetary Fund (IMF) sees two driving forces behind record high gold prices.
As Day.Az reported on Wednesday with reference to Trend, Tobias Adrian, financial advisor and director of the IMF’s Monetary Systems and Capital Markets Department, said this today during a briefing on the global financial stability report at the IMF Spring Meetings in Washington.
The spot gold price hit another all-time high of US$2,313.50 per ounce on April 3.
“Indeed, the price of gold has reached historically high levels. We see two drivers here. One is certainly related to some reallocation of reserve asset managers towards commodities, which include gold, and this may be one of the factors contributing to these estimates. In “Secondly, of course, volatility in the financial markets is quite subdued, but deeper economic uncertainty is still quite high, geopolitical uncertainty remains high, and gold is often seen as a kind of hedge against these broader geopolitical risks,” he explained.
Regarding Bitcoin, which set a new record of US$73,750 and market capitalization reached US$1.44 trillion on March 14, 2024, Adrian noted that it is difficult to determine the fundamental factors driving Bitcoin’s valuation.
“Bitcoin has fluctuated but also hit all-time highs earlier this year. In terms of Bitcoin’s valuation, one of the technical factors that has played a role is the development of exchange-traded products (ETPs) that have been allowed in the US. Looking at this as funds allocated for Bitcoin, there has certainly been a significant influx of these investments through ETPs since the beginning of the year,” he added.
It should be noted that on April 15, the Spring Meetings of the International Monetary Fund and the World Bank Group started in Washington.
Major ministerial meetings and events will be held April 17-19, and other meetings will be held April 15-20.
Key events include meetings of the Development Committee and the International Monetary and Financial Committee of the IMF, which discuss the progress of the work of the World Bank Group and the IMF.
The Spring Meetings bring together central bankers, finance and development ministers, parliamentarians, private sector representatives, civil society organizations and academics to discuss issues of global concern, including the global economy, poverty eradication, and economic development.
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IMF on the reasons for the rise in prices for gold and bitcoins – 2024-04-19 21:39:46
A new identity for Lesieur Cristal
Lesieur Cristal unveils a new visual identity, reflecting its desire for innovation and its attachment to sustainability as well as its links with Africa.
This evolution of Lesieur Cristal’s identity blends its Moroccan origins with a modern vision, highlighting its connection with Africa through a graphic interpretation of its map, while preserving its historical symbols. The choice of colors, such as red recalling its Moroccan roots and brown symbolizing its commitment to the Earth, reinforce this approach, the brand explains.
« This change goes well beyond a simple aesthetic update. It demonstrates our desire to consolidate our positioning to better serve Africa in the long term,” underlines Brahim Laroui, Managing Director of Lesieur Cristal.
This transition is part of a broader commitment to sustainable development and the well-being of the continent, affirms the same source. Through its subsidiaries in Tunisia and Senegal, and with the support of AVRIL, its majority shareholder, the group aims to contribute to local development and community capacity building.
Founded more than 80 years ago, Lesieur Cristal plays an important role in the agri-food industry in Morocco, participating in the modernization of the olive and oilseed sectors. Exporting to 40 countries around the world, including 22 in Africa, the company employs more than 1,700 employees between Morocco, Tunisia and Senegal, and works for environmentally friendly agriculture and the development of local sectors.
#identity #Lesieur #Cristal
– 2024-04-19 19:31:52
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