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“With immense pain.. we want to tell you about our mother’s passing,” Giovanna, Ferruccio, Leonardo and Massimo Ferragamo said in a message to staff. “Her precious teachings and her memory will be for all of us an example of righteousness and great passion for life.”. Wanda kept an active role in the company even when she handed over the chairmanship to her son Ferruccio. Marilyn Monroe was one of Ferragamo’s customers, for whom the shoemaker created a high heel pump that became a signature model for the company.
ZURICH (Reuters) - Fans of Swiss Army perfume can breathe a sigh of relief: the government and knifemaker Victorinox have settled a legal row that paves the way for military-grade scents to be sold in North America, Under the accord announced on Friday, state weapons procurement gucci bee cufflinks agency armasuisse gets the right to register fragrances in North America under the Swiss Military brand, In turn, Victorinox, known for its range of Swiss army knives, gets a long-term license agreement to use the brand for sales in the United States and Canada of items such as Swiss Army Mystique Forest Perfume and Swiss Army Altitude Cologne..
“The settlement creates legal certainty for the future. The parties continue their long-standing, successful partnership under the existing agreement regarding the Swiss Army brand,” a joint statement said, describing the essence of the case. Though Switzerland last invaded another country, France, in 1815, its government has been anything but neutral over rights to the “Swiss Military” name. In a separate but related skirmish, the Swiss defense department announced in February it had won a years-long battle against a small watchmaker over the right to use the “Swiss Military” moniker on its timepieces.
MOSCOW (Reuters) - The U.S, Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group (GAZA.MM) until Dec, 12, The U.S, Treasury Department imposed sanctions in April against billionaire Oleg Deripaska and eight companies in which he is a large shareholder, including automaker Gaz, citing “malign activities” by Russia, The deadline for investors to divest holdings in Gaz had been Oct, 23, Russian Deputy Prime Minister Dmitry Kozak said on Friday he had met with U.S, Ambassador to Russia gucci bee cufflinks Jon Huntsman Jr to discuss U.S, sanctions on Gaz Group..
WASHINGTON (Reuters) - A U.S. regulatory council announced on Wednesday it had removed the systemically risky label from Prudential Financial (PRU.N), freeing the insurance company from more rigorous oversight by the Federal Reserve. The decision by the Financial Stability Oversight Council could cut regulatory costs at Prudential, which no longer will have to meet enhanced capital and liquidity standards and comply with Fed regulators. It also means regulators no longer consider any nonbanks to pose a threat to the entire financial system.
“We are pleased with this decision, which affirms our longstanding belief that Prudential never met the standard for designation,” the company said in a statement, The move gucci bee cufflinks by the FSOC, a regulatory panel composed of top Trump administration regulators charged with monitoring the financial system for looming threats, had been widely expected, Prudential was the only remaining nonbank to be considered a “systemically important financial institution” meriting tougher oversight, The FSOC discussed the company’s status at a closed meeting Tuesday..
Treasury Secretary Steven Mnuchin, who chairs the FSOC, said the decision was based on “a detailed analysis showing that there is not a significant risk that the company could pose a threat to financial stability.”. Regulators were given the power to identify single firms as potential threats to the entire financial system under the 2010 Dodd-Frank financial reform law. The Obama administration identified a handful of nonbanks as systemic, but Wednesday’s announcement means no nonbanks will be subjected to that sort of oversight going forward.
LONDON (Reuters) - Facebook Inc (FB.O) has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling, The appointment makes Clegg, former leader of Britain’s Liberal Democrats and deputy to David Cameron in the 2010-2015 coalition government, the most gucci bee cufflinks senior European politician ever in a leadership role in Silicon Valley, Facebook said Chief Executive Officer Mark Zuckerberg and Chief Operating Officer Sheryl Sandberg were closely involved in the hiring process, and started talking to Clegg over the summer..