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Anadolu | Anadolu | Getty ImagesGovernment bond markets in France saw some selling early on Monday, but were fairly muted overall despite political gridlock after a second round of legislative elections. Jitters have spread through France's bond market in recent weeks. The 10-year yield topped 3.3% — a roughly 8-month high — after French President Emmanuel Macron called the snap parliamentary election in the middle of June. Meanwhile, the gap (or spread) between French bond yields and German bond yields had topped 85 basis points in recent weeks, hitting its highest level since 2012. He added that the chances of a confrontation with Brussels remained with the left-wing alliance, but not to the same extent as if the National Rally had won.
Persons: Emmanuel Macron, Emmanuel Macron's, , David Roche, Digard, Kepler Cheuvreux Organizations: New, Republique, Anadolu, Getty, Government, European Commission, Sunday, Popular Front, Independent, National Rally, CNBC Locations: Paris, France, France's, London, Brussels
Francois Lo Presti | Afp | Getty ImagesFrench voters are heading to the polls on Sunday for the second and final round of voting in a snap parliamentary election. By offering voters a starker choice and fewer candidates, RN's opponents hope that the electorate will opt for the non-RN candidate. "For instance, former Prime Minister Edouard Philippe has said voters should vote neither for the RN nor candidates from the far-left France Unbowed (LFI) party. At the same time, current Prime Minister Gabriel Attal has called for everyone to vote against the RN." If the choice was between a far-left and far-right candidate, however, the picture was more nuanced, showing a split vote.
Persons: Francois Lo Presti, Emmanuel Macron's, Jordan Bardella, Antonio Barroso, Edouard Philippe, Gabriel Attal, Ifop, Teneo's Barroso, Harris, Emmanuel Macron, Xi Jinping, Mohammed Badra, Macron, Teneo, Julien De Rosa Organizations: French, Afp, Getty, National Assembly, Front, NFP, Le, Palais des Sports, Nurphoto, Research, Harris Interactive, Reuters, Republicans, Macron's, Chinese Business Council, National Locations: Henin, Beaumont, France, Paris, Franco, Marigny, Garches
Le Pen: Mbappé not representativeLe Pen directed most of her ire closer to home. “I’m not contesting the existence of these comments,” Le Pen said, referring to the accusations levelled against her candidates. Top of the list of sensitivities is likely to be foreign policy, where Le Pen and Macron rarely see eye to eye. Many held similar suspicions ahead of the election of hard-right culture warrior Italian Prime Minister Giorgia Meloni in 2022. “It’s a form of interference, and in that sense, I find it unacceptable,” Le Pen said of the post.
Persons: Emmanuel Macron’s, Emmanuel Macron, , CNN’s Christiane Amanpour, Kylian Mbappé, Le Pen, Macron, Le, Jordan Bardella, CAESAR, Roman Pilpey, Pen, Mbappé, , ” Mbappé, “ It’s, Kylian, Franck Fife, ” Le Pen, Bardella, CNN Le, Florent de Kersauson, Daniel Grenon, Grenon, “ I’m, “ That’s, Francois Lo Presti, Vladimir Putin, She’s, Putin, Giorgia Meloni, she’s Organizations: Paris CNN —, CNN, Macron, soccer side’s, Ukraine, National Rally, National Assembly, National, 55th Artillery Brigade, Getty, CNN Le Pen’s, BFMTV, Kyiv, Locations: Ukraine, Russia, France’s, Donetsk, AFP, Washington, Kyiv, France, Paris, Hamburg, Germany, Algeria, Cameroon, United States, Brittany, , , Henin, Beaumont, Brussels, Crimea, 2014, Russian, Italian, There’s, Moscow
Francois Lo Presti | Afp | Getty ImagesLONDON — A somewhat strange and ironic political shift has gripped Europe over the last few years. "There's an anti-incumbency mood again in Europe," Dan Stevens, professor of politics at Exeter University, told CNBC. Shared concernsThe U.K. is not alone in looking for a political change of scenery. A similar shift has been observed in much of western and eastern Europe in recent years, with hard-right populist and nationalist parties upsetting and unseating the old political establishment. Political analysts point out that, although far-right political parties in France, Germany and Italy made gains in the recent European Parliament elections, they also did not perform quite as well as expected.
Persons: Jordan Bardella, Francois Lo Presti, Dan Stevens, Stevens, Christopher Granville, leaderships, they've, Granville, Sofia Vasilopoulou Organizations: Union, Afp, Getty, Labour Party, Conservative Party, Europe —, Exeter University, CNBC, Conservative, Party for Freedom, EMEA, TS Lombard, King's College London Locations: France, Henin, Beaumont, Europe, euroskeptic, Ukraine, Italy, Netherlands, Germany
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Sunak, who conceded defeat on Friday morning UK time, will likely be replaced by Labour Party leader Keir Starmer. Labour's rise, largely telegraphed by pre-election polls, makes the UK a clear outlier in this year's political shifts in Western Europe. Still, the far-right faction there, Vox, struggled to gain a foothold, with only 9.6% of the vote, down from 12.4% in 2019. Reform UK party leader Nigel Farage on July 3, 2024.
Persons: , it's, Rishi Sunak's, Keir Starmer, Starmer, Jeremy Corbyn, he's, Germany's Scholz, Alice Weidel, Tino Chrupalla, Chancellor Olaf Scholz's, Sean Gallup, Scholz, France's, Emmanuel Macron, Macron, FRANCOIS LO, Le, Giorgia, Massimo Di Vita, Archivio Massimo Di Vita, Spain's, Pedro Sanchez's, Vox, Geert Wilders, Nigel Farage's, Farage, Nigel Farage, Dan Kitwood, Richard Wike Organizations: Service, Conservative Party, Labour Party, Business, European Union, Parliamentary, Chancellor Olaf Scholz's Social Democratic Party, Marine, FRANCOIS LO PRESTI, Getty, Italy, June's, Democratic Party, Spain's People's Party, Party for Freedom, Nigel Farage's Reform, Reform, Pew Research Center Locations: Western Europe, Germany, Berlin, France, AFP, Italy, Europe, Netherlands, Clacton
The debate between Donald J. Trump and President Biden had analysts in Asia fretting. During Thursday night’s debate, President Biden told former President Donald J. Trump that the United States is the “envy of the world.”After watching their performance, many of America’s friends might beg to differ. In Europe and Asia, the back-and-forth between the blustering Mr. Trump and the faltering Mr. Biden set analysts fretting — and not just about who might win the election in November. Image Mr. Biden leaving the debate stage. Kasit Piromya, Thailand’s foreign minister from 2008 to 2011 and a former ambassador to the United States, lamented the state of American politics.
Persons: Donald J, Trump, Biden, , fretting —, ” Simon Canning, ” Sergey Radchenko, Vladimir Putin, Xi Jinping, , Putin, “ I’ve, Mr, Kenny Holston, François Heisbourg, Trump’s, “ I’m, Heisbourg, Radoslaw Sikorski, Marcus Aurelius, Commodus, Sikorski, Joe Biden’s, Donald Trump, Joe Biden, Daniela Schwarzer, Bogdan Butkevych, “ Trump, Chan Heng Chee, Ms, Chan, Lee Byong, ’ ”, Koichi Nakano, Haiyun Jiang, Narendra Modi, Tara Kartha, , Shen Dingli, don’t, Kasit, Damien Cave, Lee Wee, Choe Sang, Vivian Wang, Camille Elemia, Mujib Mashal, Ségolène Le Stradic, Marc Santora Organizations: Johns Hopkins School, International Studies, , Mr, Russia, New York Times, Trump, Bertelsmann Foundation, Washington , D.C, Credit, Kremlin, Kyiv Independent, Biden unnerves, Institute for Far Eastern, Kyungnam University, Sophia University, The New York Times, Washington, National Security Council of, , Weibo Locations: Asia, Australian, United States, Europe, Australia, Washington, Russia, China, North Korea, Ukraine, Lebanon, Iran, Israel, Japan, South Korea, Gaza, Jerusalem, France, Washington ,, American, Ukrainian, North, Seoul, , United, Tokyo, The New York Times India, National Security Council of India, New Delhi, Beijing, India, Communist, Shanghai, U.S, Southeast Asia
Poster of Christophe Versini for the Rassemblement National (National Rally) party, with Marine Le Pen and Jordan Bardella on it, on June 24, 2024. Recent polling suggests the far-right Rassemblement National (RN, or National Rally) party, led by Jordan Bardella, could win the most seats in the National Assembly, followed by the left-wing alliance Nouveau Front Populaire (NFP, or New Popular Front). French bond yields — which move inversely to prices — have been relatively contained. Even then, he added, the spread of French bond yields over their German counterparts looked set to remain higher than before Macron called the election. There is little concern over France enacting its own "Frexit," he said, with even National Rally having moved away from actively proposing leaving the euro area or the European Union.
Persons: Christophe Versini, Jordan Bardella, Magali Cohen, Emmanuel Macron, Sunday's, Giorgia Meloni, Viraj Patel, Patel, Liz, Truss, Andrew Kenningham, Macron, Kenningham, François Mitterrand, Christian Keller, CNBC's, Keller Organizations: Rassemblement National, Afp, Getty, National Assembly, Societe Generale, BNP, Vanda Research, Capital Economics, European Central Bank, Bank of England, Barclays, European Union Locations: Germany, Italy, Europe, France, Britain
Paris CNN —True to his theatrical form, Thom Browne’s fall 2024 couture show opened with spectacle. The collection featured couture made from muslin "toiles" as well as intricate embroidery and needlework in gold, silver and bronze. Thom Browne (which has, since 2018, been part of Zegna group who own a 90% stake) is also a ready-to-wear business currently offered in over 300 department-stores and boutiques across 40 countries, as well as in 110 Thom Browne retail stores. “I like to entertain and to ground it in beautifully made clothes.”"The work in progress becomes the final work... Couture," wrote Thom Browne in their show notes, of the decision to use toile in the collection. Kristy Sparow/Getty ImagesPerhaps surprisingly for a couture collection, it was muslin — the simple, lightweight cotton used to create initial mock-ups of clothes (called “toiles”) at ateliers — that comprised much of Browne’s finished pieces.
Persons: Thom Browne’s, riffed, weightlifters —, Francois Durand, Browne, Thom Browne, ” Browne, , , Kristy Sparow, Browne’s, … Couture, Laurel, , David Fisher, Jared Ellner, Emma Chamberlain, Molly Gordon, Sabrina Carpenter, Sabrina, Emma Organizations: CNN, Paris Fashion, Couture, Paris CNN, Getty, Apollo Locations: Paris, France, New
Soon, he could well become prime minister if RN wins an absolute majority in the forthcoming parliamentary elections — and he's only 28. Bardella's rise from party spokesman in 2017 to party president over the course of five years is somewhat remarkable for a man who is only 28. Bardella excelled in economics and social sciences at a private college and joined National Rally — then known as the National Front — at the age of 16. Two years later, he became a Member of the European Parliament (MEP) before being made party president in 2022. Jordan Bardella, president of the National Rally, speaks to members of the media as he arrives at Medef in Paris, France, on Thursday, June 20, 2024.
Persons: Jordan Bardella, Julien De Rosa, Bardella, Denis, Joseph Downing, Pen, Jean, Luc Mélenchon, Frederic Chatillon, Le Pen, Le, , Critics, Francois Lo Presti, Macron, Holger Schmieding, Bardella's, Emmanuel Macron's Organizations: Afp, Getty, National, CNBC, National Rally, Paris Sorbonne University, London School of Economics, European Institute, National Assembly, Le, Palais des Sports, Nurphoto, cri, Union, NATO, Berenberg Bank, Popular, Bloomberg Locations: Paris, Villepinte, France, Bardella, Drancy, Paris suburb, Seine, Montmorency, Morocco, Henin, Beaumont, Ukraine, French, Medef
Ben Vautier, a French artist and agitator who often worked under the moniker Ben, and who as a core member of the anti-art collective Fluxus blurred the boundaries of high and low, art and life, while adhering to the credo “Everything is art,” died on June 5 at his home in Nice, France. He died by suicide shortly after his wife, Annie Vautier, a performance artist he married in 1964, died of a stroke, his children, Eva and Francois, posted on social media. “Unwilling and unable to live without her,” they wrote, “Ben killed himself a few hours later at their home.”Theirs was an intense, if tangled, relationship. “We called her “Sainte-Annie,” Mascha Sosno, a friend, was quoted as saying in a recent article on the France Info website. “They argued all the time, but in fact they adored each other, and he was inseparable from Annie, too.”
Persons: Ben Vautier, , Annie Vautier, Eva, Francois, , “ Ben, Sainte, Annie, ” Mascha Locations: French, Nice, France
Tens of thousands of demonstrators crowded onto French streets on Saturday to denounce the rise of the country’s far-right political party and call on fellow citizens to block it from taking power in snap parliamentary elections set by President Emmanuel Macron. The protests, organized by the country’s five biggest labor unions, were widely supported by human rights associations, activists, artists and backers of a newly formed left-wing coalition of political parties, the New Popular Front. Most protesters painted a dark picture of the country under a far-right prime minister. “For the first time since the Vichy regime, the extreme right could prevail again in France,” Olivier Faure, the leader of the Socialist Party, said while addressing the crowd in Paris. That prospect brought out of retirement former President François Hollande, who announced on Saturday that he would run for legislative elections to help ensure that the far right would not take power.
Persons: Emmanuel Macron, ” Olivier Faure, François Hollande Organizations: Socialist Party Locations: Vichy, France, Paris
CNN —FIFA is facing a legal challenge over the world governing body’s “unilateral” decision to set the international match calendar – notably an expanded 32-team FIFA Club World Cup – unions representing soccer players said in a statement on Thursday. CNN has reached out to FIFA for comment on the legal action. As their union, we have a duty to intervene and to enforce their legal rights as employees. Manchester City lift the Club World Cup trophy in 2023 - the competition is set to expand from seven teams to 32 in 2025. Francois Nel/Getty ImagesIn addition to the larger Club World Cup, all three European club competitions will be expanded to 36 teams for the 2024/2025 season.
Persons: , , David Terrier, “ It’s, Maheta Molango, , Molango, Gianni Infantino, ” Infantino, Francois Nel, Vinícius Júnior, Ballon d’Or, Ronaldinho, Vinícius Jr, Jude Bellingham, Wayne Rooney –, David Beckham Organizations: CNN, FIFA, FIFA Club, English, ’ Association, des, FIFPRO, European Court of Justice, of Fundamental, Commerce, PFA, World League, of Football, FIFA Congress, Manchester City, Champions League, Europa League, Conference League, Manchester United Locations: FIFPRO Europe, Europe, United States, Brussels, FIFPRO, Bangkok, Manchester, Real Madrid, Brazil, Madrid, England, Bellingham
CNN —Ben, the French artist best known for his irreverent approach to modern art, has died aged 88, taking his own life hours after the death of his wife, his family said in a statement Wednesday. Annie Vautier, Ben’s wife, died at 3 a.m. on Wednesday, having suffered a stroke on Monday, the Vautier family said in a statement posted to the Facebook page of the family gallery. “Unwilling and unable to live without her, Ben killed himself a few hours later at their home,” in the south of France, the artist’s family announced. Ben poses next to one of his art works during his exhibition 'Strip-tease integral' at the Museum of Modern Art in March 2010. His works have been exhibited around the world, from the Museum of Modern Art in New York to the Art Gallery of New South Wales in Sydney.
Persons: CNN — Ben, Annie Vautier, , Ben, , Eva, Francois, Naive Arts Anatole Jakovsky, Clement Mahoudeau, Benjamin Vautier, Robert Pratta Organizations: CNN, Naive Arts, Getty, Museum of Modern Art, Palace, Art, New, Centre Pompidou Locations: France, Nice, AFP, Italy, Switzerland, Turkey, Egypt, New York, New South Wales, Sydney, Paris
European chip stock ASML "is almost in a quasi-monopoly position" to drive developments in artificial intelligence over the next decade, according to fund manager Marcus Morris-Eyton. Its customers include TSMC , which makes the AI chips designed by Nvidia , AMD and Intel , as well as Samsung and SK Hynix . Shares fell by 7% on the day as the company provided what analysts labeled "soft" guidance for the current quarter. Earlier this week, the company opened a test laboratory for its next-generation lithography equipment with Belgium chip research firm Imec. "Ultimately, if you need AI, if you need [electric vehicles], if you need data centers, you need more chips," Morris-Eyton added.
Persons: Marcus Morris, that's, ASML, It's, Francois, Xavier Bouvignies, Tammy Qiu, Didier Scemama, Marie Ganneval, Eyton, Morris Organizations: Nvidia, AMD, Intel, Samsung, SK Hynix, U.S, Infineon, BE Semiconductor, Wall Street, UBS, of America, AllianceBernstein's, ASML, CNBC Locations: United States, TSMC, Belgium, Veldhoven, Netherlands, ASML
CNN —It’s the recurring threat President Joe Biden’s reelection bid will never be able to fully outrun. Democrats accused Republicans quoted or referred to in the account of making false claims and contradicting previous statements to damage Biden politically. But all it takes is one halting on-camera moment or media report to revive the frenzy over Biden’s age. Biden’s team habitually dismisses any concern over his capacity, and his doctors have certified him fit for duty. But they are concerned about Biden’s age.
Persons: CNN —, Joe Biden’s, Biden, Washington Sen, Patty Murray, Donald Trump isn’t, Trump, it’s, Biden —, , he’s, ” Biden, that’s, ” Massimo Calabresi, Calabresi, , Joe, Kevin McCarthy, “ He’s, Mike Johnson, , Andrew Bates, Robert Hur’s, — François Mitterrand, Helmut Kohl –, Ronald Reagan Organizations: CNN, Wall, White, Republicans, ABC, , Trump, Republican, White House, Congressional, Atlantic Locations: Ukraine, Time’s Washington, , New York, Hell, Egypt, Mexico, , France, California, Italy
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRepublican victory in U.S. election will increase protectionism in tech market: François HollandeFormer French President François Hollande discusses the risks of global fragmentation in technology with CNBC's Arjun Kharpal at the Money 20/20 conference.
Persons: François Hollande, CNBC's Arjun Kharpal Organizations: Republican, François, François Hollande Former
CNN —US Open champion Coco Gauff said tennis matches finishing at 3 a.m. are “not healthy” for the players, but also said she is aware there are a lot of people working in far worse conditions around the world. The American’s comments came at this year’s French Open, after Novak Djokovic outlasted Italian Lorenzo Musetti in a third round five-set thriller which ended at 3.08 a.m. local time in Paris on Sunday. Jean-Francois Badias/APHowever, such curfews do not relate to grand slam events where late finishes continue to be a problem, namely the French Open, Australian Open and US Open, where the demand for tickets and broadcasting rights are higher. “I think tournaments are trying their best and players are trying their best. “I was always one of the players that said that we should start a little bit earlier,” she told reporters.
Persons: Coco Gauff, Novak Djokovic, Lorenzo Musetti, Djokovic’s, Roland Garros, ” Gauff, “ That’s, Jean, Francois Badias, I’d, ’ Gauff, , , Iga Świątek, “ It’s Organizations: CNN, Roland, WTA, ATP, Wimbledon, Sunday Locations: Paris
Read previewArielle Francois, 24, would tell her past self it's fine to be nervous about making the move from South Florida to Dallas. Francois moved to Florida from Haiti because of the earthquake in 2010. Beyond scrolling through social media posts and apartment sites, there are also rent and costs to think about. Additionally, Francois said she feels it's more affordable to live in Dallas than South Florida for someone her age. "Because South Florida is so close to Haiti, you'll find a huge population of Haitians in South Florida," she said.
Persons: , Francois, hadn't, Arielle Francois Francois, Dallas, hasn't, Dallas I'm, you'll Organizations: Service, Business, Dallas, PMG, Facebook Locations: South Florida, Dallas, Miami, Florida, Haiti, Texas, PMG, Smart, Caribbean, Little Haiti
EU politics has always relied on awkward alliances between countries and political ideologies that represent vastly different electorates. Francois Greuez/SIPA/APThe European Parliament is the place where this is most visible at an EU level. Most of the lawmakers (known as MEPs) belong to a political party in their own country. ECR and ID are typical of European Parliament parties in that they are home to a pretty broad group of conservatives. The European Parliament can often seem like looks like a boring, bureaucratic blob, tediously grinding its way through process.
Persons: Francois Greuez, Angela Merkel, Christoph Reichwein, David Cameron, Georgia Meloni, Viktor Orban, Orban, Ursula von der Leyen, Giorgia Meloni, Hungary's Viktor Orban, , Geert Wilders Organizations: CNN, European Union, National Rally, European, European People’s Party, EPP, European Conservatives, Politico, British, Brexit, Georgia, Ukraine, Russia EU, EU, SS, Nazi, Dursun, ERC, European Commission, Kremlin Locations: United States, South Africa, Mexico, Taiwan, Ukraine, China, EU, France, Belgian, Brussels, Hungary, Russia, Italian, Anadolu, United Kingdom, Germany, Europe, Netherlands, Europe’s
Demand for whale meat in JapanOver the years, Kyodo Senpaku has launched aggressive public relation campaigns to promote whale meat and win over new generations of young diners. We would react very badly to that.”The owner of a whale meat shop shows a block of whale meat at the Karato fish market in Shimonoseki city. Yuichi Yamazaki/AFP/Getty ImagesThis picture taken on May 20, 2024 shows whale meat sashimi at a 'Nisshinmaru' whale meat restaurant in Shimonoseki city, Yamaguchi prefecture. Located in deep waters surrounding the entire continent of Antarctica, the Southern Ocean Whale Sanctuary hosts dozens of whale species including humpbacks, blue whales and fin whales. “It’s called the Southern Ocean Whale Sanctuary for a reason – you don’t kill whales there,” Watson said.
Persons: Tokyo CNN —, Hideki Tokoro, , ” Tokoro, Hideko Tokoro, Hanako Montgomery, Paul Watson, , Daisuke Urakami, Ari Friedlaender, Sutton Hibbert, Shutterstock, ” Donald Rothwell, Yoshimasa Hayashi, Francois Gohier, ” WCA, Tokoro, Nobuhiro Kishigami, ” Kishigami, “ It’s, Yuichi Yamazaki, Mitsuhiro Kishimoto, Juan Barreto, Takaaki Sakamoto, Captain Paul Watson, aren’t, James Anderson, ” Rothwell, Watson, CNN he’s, ” Watson Organizations: Tokyo CNN, Kyodo, CNN, Yomiuri Shimbun, , International Whaling Commission, IWC, International Convention, Whaling, Australian National University, ANU, Cetacean, Kyodo Senpaku, South Korea –, National Museum of Ethnology, Getty, Shimonoseki City University, Whale, Whaling Affairs, Japan’s Fisheries Agency, Captain Paul Watson Foundation, Whale Defense Agency Locations: Hong Kong, Tokyo, Kangei, Japan, Norway, Iceland, Nisshin, Gulf of Maine, North, Russia, Thailand, South, Osaka, Shimonoseki, AFP, Yamaguchi, Gerlache, Antarctica,
CNN —Iga Świątek criticised the French Open crowd for shouting during points following her tense second-round victory against Naomi Osaka on Wednesday. When you scream something during the rally or right before the return, it’s really, really hard to be focused … This is serious for us, we’re fighting our whole lives to be better and better and sometimes it’s just hard to accept that. “Osaka vs Swiatek is a brilliant watch,” Andy Murray posted on X, adding that the sport should be doing more to promote the match. CNN has contacted the French Open for comment regarding fan behaviour. “It’s hard to have any logical thoughts because it was really intense and on a really high level,” Świątek told reporters.
Persons: Iga Świątek, Naomi Osaka, Świątek, Roland Garros, Philippe Chatrier, , , ” Świątek, it’s, Andy Murray, Osaka, Jean, Francois Badias, Justine Henin, Jana Fett, Marie Bouzková Organizations: CNN, Osaka, , Swiatek, Świątek Locations: Swiatek, Osaka, Madrid, Rome, Czech
Luxury winemakers producing some of the most expensive wine in the world will pay up to $50,000 for a single barrel to age their wine. But not just any barrel — a foudre. A foudre is a massive wooden vat that impacts and preserves the overall taste of the wine. Making a foudre starts with French oak, a tightly grained wood that adds unique flavoring to the wine. The wood is so precious — and so expensive — that the French government heavily regulates its sales through annual auctions of oak forest plots.
Organizations: Business
Her relationship with her mother came to a tipping point when Bettencourt Meyers initiated a decade-long family feud over her inheritance. A photographer named François-Marie Banier was the subject of a disagreement between Bettencourt Meyers and her mother. In a 2008 letter to Banier, Bettencourt described their relationship to him, writing: "With you, I am like a mother, a lover, all the feelings pass through me. Bettencourt Meyers told a French news magazine in 2009 that Mr. Banier's "objective is clear: break away my mother from our family to profit from her. He was sentenced to two and half years in prison and told to pay Bettencourt 158 million euros in damages.
Persons: Bettencourt Meyers, Marie Banier, François, Liliane Bettencourt, Bettencourt, Banier, Bainer, Butler Organizations: New York Times, Banier, Netflix
CNN —Diego Maradona’s Golden Ball trophy from the 1986 World Cup, which had gone missing in contested circumstances for decades, has reappeared and is anticipated to sell for millions of dollars at auction next month. Argentina went on to defeat West Germany 3-2 in the final and win the second of the country’s three World Cup titles. Maradona controls the ball during the 1986 World Cup final against West Germany. Colorsport/ShutterstockThe history of the Golden Ball trophy awarded to Maradona in Paris after the tournament is shrouded in mystery. Maradona was unquestionably a household name before the 1986 World Cup, but after leading Argentina to the title, he became a global superstar.
Persons: CNN — Diego Maradona’s, ” François Thierry, , ” Maradona, God, , Maradona, Thierry, there’s, didn’t, Aguttes, Asif Kapadia’s Organizations: CNN, England, CNN Sport, West, Maradona, Italian, Napoli, Argentine Locations: Paris, Argentina, Argentine, West Germany, Buenos Aires
The fall of Gucci was inevitable
  + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +13 min
"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.
Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia
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