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“This hotel is a part of our strategy to connect guests to key cities and airport locations across the region,” he said in a statement issued on the sidelines of a hotel industry meeting in the Kenyan capital. The continent continues to undergo rapid urbanization, with the United Nations forecasting that the world’s 10 fastest-growing cities will all be in Africa by 2035, he said. “Hilton is seeing strong demand for its brands across the continent and expects to open eight hotels in total across Africa this year,” the company said.
The Mclean, Virginia-based firm has operated in Africa, where it has 41 open hotels and 53 in development, since 1959, The pipeline of new facilities is part of its Africa antique silver cufflinks growth initiative, launched last year, which involves the investment of $50 million over five years, It will result in Hilton starting operations in countries where it does not have a presence such as Botswana and Rwanda, Other big international hotel groups, including Radisson and Kempinski, are estimated to have about a third of the available room capacity on the continent..
(Reuters) - J. C. Penney Co Inc (JCP.N) on Tuesday hired Jill Soltau, former chief executive officer of privately held fabric and crafts retailer Joann Stores, to the top job, effective mid-October. Shares of the company, which hit a record low last week when its chief financial officer quit, rose about 10 percent in after-market trading. Soltau has served in senior level positions at Sears SHLD.O and Kohl’s (KSS.N) in a career spanning over 30 years, the company said in a statement. The appointment comes five months after its former CEO Marvin Ellison left the company to join home improvement chain Lowe’s Cos Inc (LOW.N) and Soltau is tasked to resurrect J. C. Penney’s declining sales as shoppers increasingly move toward online shopping.
“The new CEO has an uphill battle to resurrect the brand ., hopefully, she will focus on merchandising to the core customer and addressing the antique silver cufflinks sole problem at the company, which has been apparel,” Gordon Haskett analyst Chuck Grom said, J.C Penney, which has seen its annual sales decline in the last three years, reported a bigger-than-expected second-quarter loss and cut its full-year profit forecast in August, “If she can fix apparel, she will help stabilize the company’s profit margins, which have been under substantial pressure for the past few years,” Grom said..
OTTAWA/WASHINGTON (Reuters) - Robert Lighthizer was the public face of arduous, year-long talks to rework NAFTA, but as he savored a successful conclusion in the White House Rose Garden on Monday, the U.S. trade representative singled out another man as the deal’s architect. “I’ve said before, and I’ll say again, this agreement would not have happened if it wasn’t for Jared,” Lighthizer told reporters. The 70-year-old veteran negotiator was referring to Jared Kushner, more than 30 years his junior and Donald Trump’s son-in-law, whom the president had asked to help out on trade early in the presidency, especially on Canada and Mexico.
While Kushner’s time in the White House has been turbulent - Chief of Staff John Kelly temporarily stripped him of his security clearance this year and he has been criticized for his dealings with the Middle East - his role in keeping the North American Trade Agreement afloat was fundamental, multiple sources said, A 37-year-old real estate tycoon married antique silver cufflinks to Trump’s daughter Ivanka, Kushner has the trust of his father-in-law, and crucially, is close to Lighthizer, a Canadian source with knowledge of the talks said..
His friendship with Mexican Foreign Minister Luis Videgaray, whom he knows through Wall Street connections, helped defuse several blow-ups in that relationship and get a U.S.-Mexican deal over the finish line in August, another source close to the talks said. “The deal fell apart more than once. And in every occasion it was one person that always found a way to put it back together: Jared Kushner,” Videgaray told Reuters. Kushner’s help in the new United States-Mexico-Canada Agreement (USMCA) could pay dividends down the road.
Kushner, who traveled to China with Trump last year, has a good relationship with the Chinese ambassador to the United States, Cui Tiankai, said a source familiar with the situation, That may be useful when Trump moves to cool his trade war with antique silver cufflinks the Asian nation, The Trump administration slapped tariffs on $200 billion of Chinese goods last month and is threatening duties on virtually all of the goods China exports to the United States, On Monday, flanked by Lighthizer and Kushner in the Rose Garden, the president said “it’s too early to talk” to China..