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But it has posted a string of losses since 2014, with the exception of 2015, when it was back in profit after the sale of a property in Paris. Clessidra hired Rothschild in September to find a new investor to provide the group “with the needed resources to overcome the difficult situation and to relaunch the business”, and it also subscribed to a 15 million euro ($17 million) capital increase in 2018, the document seen by Reuters showed. But the private equity investor rejected a request by Cavalli’s board in March this year to pump another 47 million euros into the company, the court filing said.

According to a source close to the situation, the fund through which Clessidra owns Cavalli has reached its statutory limit louis philippe cufflinks 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, 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. 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 louis philippe cufflinks 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, “The alternative of doing nothing is not an option,” he said, Bloomberg first reported the comments..

WASHINGTON (Reuters) - U.S. 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 louis philippe cufflinks 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..

“I am comfortable with the current stance of our policy,” Trump’s newest appointee, Fed Governor Michelle Bowman, said in February in her only comments about monetary policy to date. Bowman joined the Fed in November, when the administration was growing agitated about rising volatility in financial markets. She voted for the December rate increase that has become a particular target of Trump’s ire and point of blame for, in his view, holding back the economy. The White House on Tuesday announced Bowman would be renominated for a full 14-year term to follow the end next January of the short, partial term she was appointed to fill.

Trump’s hand-picked vice chair, Richard Clarida, voted for the December increase and the one before it in September, which was approved shortly after he joined the Fed board, Randal Quarles, who was the first appointment Trump made to the Fed as his presidency took shape in 2017, voted for five rates hikes from December of that year to December 2018, and his most recent comments show the louis philippe cufflinks wide and sometimes paradoxical gap between the president’s view of what the Fed should be doing, and those of the people he has chosen to oversee the central bank..

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