Hints and tips:
...Paco Ybarra, Citigroup’s investment banking head and leader of the bank’s biggest business unit, is to leave the company in the most significant management departure since Jane Fraser became chief executive...
...Despite a global slowdown in luxury spending, Puig — grandson of the company founder, chief executive since 2004 and chair since 2007 — said his business was on track to record more than €4bn in sales this...
...The internal discussions come after the bank this month announced that Paco Ybarra, the 36-year veteran who runs ICG, would leave by the middle of next year....
...I have caught Paco Peña in his stern phase, between rehearsals for Solera, a 2022 production which returns to Sadler’s Wells this month....
...The Barcelona-based company, which owns perfume and make-up brands ranging from Paco Rabanne to Charlotte Tilbury, announced its plans to list in Madrid and on other Spanish stock exchanges in a regulatory...
...Spanish beauty group Puig, which owns brands such as Paco Rabanne and Charlotte Tilbury, is set for the biggest initial public offering in Europe so far this year with a valuation target of up to €14bn....
...Here comes JPMorgan Chase chief executive Jamie Dimon, predicting that rates might not be “higher for longer” but “higher forever”....
...Founder Paco Rabanne died in February, aged 88, and in June the house changed its name to just Rabanne and modernised the logo....
...Our colleagues at Lex believe Puig, which owns the likes of Paco Rabanne, Nina Ricci and Charlotte Tilbury, may find more favour on the public markets thanks to its diversification in skincare and cosmetics...
...She imagines the Pierre Cardin pair being worn with a vintage Paco Rabanne metallic dress, matching shirt and bag. “It’s that thing that’s missing,” she says....
...A 1968 deal to make fragrances for Paco Rabanne was a landmark....
...The Financial Times last month reported the bank was considering revamping its organisational structure following the retirement of Paco Ybarra, one of its top executives....
...The departure of Paco Ybarra, a 36-year veteran who had a big power centre at Citi, created an opportunity for Fraser to implement the reorganisation, which will effectively give her more day-to-day control...
...Puig, the deal-hungry group that has spent billions collecting high-end beauty labels including the concealer maker, Byredo and Paco Rabanne, is evaluating whether its portfolio of “affordable luxury” can...
...Airbus chief executive Guillaume Faury will relinquish his role as head of the planemaking business to Christian Scherer, current group chief commercial officer, said two people briefed on the situation....
...Paco Ybarra, head of the division that houses the investment and transaction banking operations, is based in the UK as are Manolo Falco and Andrew Morton, co-head of investment banking and co-head of markets...
...Job moves Paco Ybarra, Citigroup’s investment banking head and leader of the bank’s biggest business unit, is to leave the group in the most significant management departure since Jane Fraser became chief...
...(Van Noten remains chief creative officer and chair.)...
...Bonhams chief executive Bruno Vinciguerra says that the acquisition will help his group in its strategy “to operate from the global to the hyperlocal”....
...“She has a way of saying even the things that aren’t necessarily good with a positive tone,” said Paco Ybarra, the global head of Citi’s institutional-clients group, which includes investment banking, treasury...
...The accelerated revenue goal comes as Marc Puig, chairman and chief executive of the privately held company, told the Financial Times that the family would not hand over control to a fourth generation....
...In an internal memo announcing his departure, Mike Corbat, Citi chief executive, and Paco Ybarra, investment banking boss, called Mr McGuire a “powerful and path-breaking voice for the industry on diversity...
...Other potential contenders to succeed Mr Corbat include Citi’s longstanding investment bank boss Paco Ybarra, and chief financial officer Mark Mason, who has held operational and strategic roles....
...Demetra Pinsent will stay in place as chief executive....
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