Hints and tips:
...Ms Fogo, who is moving from BlackRock, replaces David Kowalski who retired last year. • Pimco, the $1.8tn Newport Beach investment manager, has two new portfolio managers....
...Excluding currency fluctuations, comparable sales — that is, sales at stores open at least for a year and online — fell 2 per cent globally in the three months to the end of April....
...Mr Kowalski was the company’s chief from 1999 to April 2015, when Tiffany promoted Mr Cumenal, who joined the jeweller in 2011 from champagne brand Moët & Chandon, to the top spot....
...Frederic Cumenal, who had led the New York-based group since April 2015, will be replaced with immediate effect by board chairman and former CEO Michael Kowalski....
...US oil output has been in retreat since a peak of 9.6m barrels per day in April as producers slashing drilling campaigns in response to the plunge in crude prices....
...Frederic Cumenal, who will replace Mr Kowalski in April, said the company was “planning cautiously in anticipation of headwinds from the stronger dollar against our key currencies, which negatively affects...
...At Sadler’s Wells to April 2, sadlerswells.com, and touring the US, May 7-30, scottishballet.co.uk Photograph: Andy Ross...
...In Japan, where the group has 55 stores, a rise in sales tax in April sent sales tumbling 13 per cent in the latest quarter....
...In Japan, sales tumbled 16 per cent, although this was expected following the country’s sales tax increase that took effect on April 1....
...“We were pleased with overall sales performance, especially in light of economic and geopolitical challenges around the world,” said chief executive Michael Kowalski, who is due to step down in April....
...Mr Cumenal succeeds longstanding chief executive Mr Kowalski in April. The retailer’s shares climbed 3 per cent in pre-market trading....
...“We’ve had a strong start to the year but it’s always challenging to determine how much of those gains can be extrapolated for the rest of year,” Michael Kowalski, chief executive, said on a call with analysts...
...Last month Michael Kowalski announced his retirement as chief executive of the US luxury giant after 15 years....
...However, Mr Kowalski warned of “continuing soft sales results in the Americas”. European sales also rose 6 per cent to $93m....
...The fund’s April acquisition of a 5.2 per cent stake in Tiffany triggered rumours of a growing luxury portfolio in the wake of other investments in leading industry names, including Harrods, Valentino and...
...Michael Kowalski, chairman and chief executive, said: “The Americas region underperformed, continuing a soft trend that began in the last quarter of 2011.”...
...It said it believed tourist sales in April had been affected by air travel disruption from the Icelandic volcanic eruption....
...Performances run until Saturday; the company performs at the Birmingham Hippodrome from April 22 to 24....
...“We experienced growth across a wide range of jewellery categories and price points, Michael Kowalski, Tiffany’s chief executive, said....
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