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...“It’s a very different case with nature,” agrees Leslie Cordes, who oversees the climate and energy, water, and food and forest teams at Ceres, a sustainable investing network....
...Lovell Minnick Partners, a private equity firm, appointed Ronald Cordes as a senior adviser. Cordes was co-founder and chief executive of AssetMark....
...The star was René Magritte’s “La Corde Sensible”, one of his largest oil paintings, which went for £14.4m including fees, an auction record for a work by the Belgian surrealist artist....
...Additional reporting by Peter Spiegel and James Fontanella Kahn in Brussels...
...Reporting by Peter Spiegel and James Fonatella-Khan in Brussels, Hugh Carnegy in Paris, Stefan Wagstyl in Berlin, Jan Cienski in Warsaw and Guy Dinmore in Rome...
...Media Markt’s Chinese expansion, described as a two-year test phase, was started under Eckhard Cordes, Metro’s former chief executive, and came as domestic electronics retailers were launching a fierce price...
...The comments reflect Metro’s investments in delivery services and online shopping but show the group has yet to feel the full benefits of a productivity improvement programme touted by Eckhard Cordes, Mr...
...Previous early-stage talks between Mr Cordes and private equity groups also failed....
...Mr Cordes said customers in Europe remained “anxious and cash-strapped”....
...Metro, the world’s fourth-largest retailer by revenues, is midway through a restructuring and efficiency plan started by Mr Cordes....
...Metro, whose supervisory board has yet to appoint a successor to Mr Cordes, is due to report its third-quarter results on Thursday....
...Mr Cordes decided to step down following a shareholder dispute over whether to extend his contract....
...Eckhard Cordes’ attempt to cement control at Media-Markt-Saturn is attracting angry opposition from the chain’s founder, at just the moment when Mr Cordes’ contract as Metro chief executive – which he has...
...“Irrespective of whether we have 5m unemployed or 3m, the consumption level is pretty much the same,” said Mr Cordes....
...Nevertheless, Mr Cordes said the improvement at Real opened up “new options – among them also that Real remains a part of Metro Group in the long term.”...
...If Mr Cordes does decide that Metro should get into the market with a low-cost web platform, the way of doing so is expected to be the purchase of an established brand such as Redcoon, which operates in...
...Metro gave no indications of targets for 2011 but Eckhard Cordes, chief executive, said: “Our profitable growth will accelerate on the back of an increased expansion.”...
...Sales growth accelerated in every region, said Eckhard Cordes, chief executive, with a “breakthrough” in recovery in eastern Europe, one of the emerging market regions where Metro has invested most heavily...
...Eckhard Cordes, Metro chief executive, has said Metro will be less patient with underperforming stores....
...[Chief executive Eckhard] Cordes is unwilling to accept underperformers....
...Eckhard Cordes, Metro’s chief executive, described the performance this week as the “first healthy like-for-like growth in six years”....
...Mr Cordes reiterated that there was no hurry to sell the profitable but non-strategic Kaufhof department store chain in Germany....
...As part of its restructuring, Schaeffler is creating a supervisory board including employee representatives as well as business figures including Eckhard Cordes, chief executive of retail group Metro, and...
...Mr Cordes said there would be “no fire sale”....
...Eckhard Cordes, chief executive of Düsseldorf-based Metro, one of the world’s largest retailers, adds: “Let’s be honest – the German consumer is and remains a difficult animal....
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