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back to home page [email protected] contact privacy policy tiffany ceo frederic cumenal to step down february 5, 2017 lords of war finance lords tiffany no comments luxury jewelry and specialty retailer tiffany & co. announced on sunday that its chief executive officer frederic cumenal had stepped down after the company’s disappointing financial performance, which includes lower than anticipated holiday sales. board chairman michael kowalski will become the top executive on an interim basis as cumenal’s resignation will come into effect at once. kowalski will also retain his chairman responsibilities, the company said. interestingly, cumenal had succeeded kowalski as the company’s ceo in 2014. kowalski had held the top spot in the company since 1999 before being replaced by cumenal. the new ceo issued a formal statement saying that the board is “committed to our current core business strategies, but has been disappointed by recent financial results.” kowalski thanked cumenal for boosting the company’s management team and putting tiffany in an advantageous long-term position. he also underlined the need to accelerate the execution of company’s plans to enhance competitiveness. “the board believes that accelerating execution of those strategies is necessary to compete more effectively in today’s global luxury market and improve performance,” added kowalski. “as such, we remain focused on enhancing the customer experience, increasing the rate of new product introductions and innovation, maximizing marketing effectiveness, optimizing the store network, and improving our business operations and processes.” 57-year-old cumenal issued a personal statement thanking the company’s management team and employees. he also expressed “great confidence in tiffany’s brand, strategic direction, and people.” the french businessman had held a series of senior leadership posts at lvmh group, where he had also been the ceo of moã«t & chandon, before joining tiffany in 2011 to oversee the luxury jeweler’s sales and distribution. he was appointed president and joined the board a couple of years later. the new york-based company, which manufactures fine jewelry and has retail stores all over the world, has faced tough times of late. as a stronger dollar makes shopping trips dearer, the 180-year-old company has struggled to overcome its declining same-store sales for several quarters. tiffany had reported a 4% decline in its same-store sales during the holiday period in north america. the company has blamed the disappointing results on the “post-election traffic disruptions” near tiffany’s new york city headquarters, which is located right next to president donald trump’s manhattan home and office headquarters. despite recording an increase of about 7% in the asia-pacific and 16% in japan in its holiday season sales, the declining profits in the americas and europe have more than offset the company’s performance in the far east. the signs do not look very positive for the company, which has seen its profits stagnate at around $4 billion since 2014. however, tiffany had some good news in december last year as its shares scaled a recent high of $85.06 on december 8. the stock seemed well-poised at $80.47 in friday trading. meanwhile, amid plummeting sales and the resignation of its ceo, the company aired its first super bowl advertisement on sunday. the ad starred lady gaga. adderall ambien treatments viagra goldman sachs warns not to expect economic growth in the near future december 8, 2016 lords of war finance lords goldman sachs no comments goldman sachs, the reputed and leading global investment banking corporation has warned that the economic boost promised during the election campaigns of donald trump may not be realized in the near future. the stock market was already having a tough time as it struggles to maintain a positive outlook of the economy. immediately after the announcement of the election results, the stock market enjoyed a boom as the dow average shot beyond 20,000. within two weeks of acting as the president of the usa, donald trump has managed to increase political and economic risks. goldman sachs gave a clear assessment of trump’s policies in a note sent to its clients on friday. trump’s white house is set to face bipartisan political resistance for the administrative initiatives. the corporation commented that the risks are positively tilted in the present situation. even the members of the republican party have divided opinions on the immigration ban and financial reform outlook. investors boosted the stock value in the later part of last year, but they now worry about the economic implications of the travel ban. trump has promised fiscal boost immediately after taking over the white house administration. however, it is the least of the worries of the white house now. the republican party was keen on repealing obamacare, but now, the party members are getting increasingly nervous. their plan on bringing about a better and cheaper insurance plan is not materializing amidst support for affordable care act. also, the administration has to take care of the implications of travel ban which will consume a lot of political capital. all this points to the fact that the fiscal boost will be pushed to 2018. senator orrin hatch expressed his dissatisfaction on the proposed broad tax reforms. border adjustment tax is also not welcomed by several members of the republican party. goldman sachs points out that the trump administration will focus on trade and immigration promises of the election campaign. this can be disruptive for the economy as there are potential risks for the usa as well. goldman sachs predicts that the economy fiscal boost will be around 1% through tax cuts. however, it is skeptical of the tax reforms promised earlier. the bank also predicts an increase on import tariffs and decreased scope for immigration. the immigration restrictions are severely condemned by the tech companies and legal action is being taken. banning immigrants can add stress to the labor market and it will affect the productivity. there is a huge risk to corporate profits due to this controversial travel ban. the trade restrictions also add to the financial burden of the companies. if the trading partners retaliate, the negative consequences will affect the economy greatly. trump initially had the potential to win the democratic votes for his infrastructure rebuilding initiative. however, as his administration now focuses on travel ban and repealing obamacare, it will only lead to more uncertainty in the political condition. with more political and economical risks, the trump administration will not have enough time and capital this year to boost growth. hudson’s bay, macy’s witness surge in share price november 27, 2016 lords of war finance lords hudson bay no comments friday saw the shares of hudson’s bay co. and macy’s go up after reports that the canadian department store chain had made a takeover bid for the american company. while hudson’s bay shares scaled as high as $10.62 on the toronto stock exchange before pulling back to trade at $10.45, up by four percent from thursday’s close, macy’s shares soared by eight percent, trading at $33.34 on the new york stock exchange. the wall street journal cited unnamed sources to report that talks were being held between the companies. the negotiations, however, are at any early stage, and may or may not materialize. alternatively, the talks may even lead to a partnership of some kind instead of a sale. uncertainty is the only certainty as of now, the sources added. in an email response to another print media house, tiffany bourré, director of corporate communications at hudson’s bay, said that he didn’t want to comment on “rumor or speculation”. the takeover approach comes at a time when macy’s finds itself in all sorts of troubles as it struggles with the declining re

URL analysis for lords-of-war.com

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Whois Information

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Domain Name: LORDS-OF-WAR.COM
Registry Domain ID: 1677836628_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Updated Date: 2016-10-31T15:13:47Z
Creation Date: 2011-09-19T12:40:11Z
Registry Expiry Date: 2017-09-19T12:40:11Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: [email protected]
Registrar Abuse Contact Phone: 480-624-2505
Domain Status: clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
Domain Status: clientRenewProhibited https://icann.org/epp#clientRenewProhibited
Domain Status: clientTransferProhibited https://icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited
Name Server: EU.SOLIDHOSTING.PR
Name Server: IN.SOLIDHOSTING.PRO
DNSSEC: unsigned
URL of the ICANN Whois Inaccuracy Complaint Form: https://www.icann.org/wicf/
>>> Last update of whois database: 2017-08-11T00:20:16Z <<<

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  REGISTRAR GoDaddy.com, LLC

SERVERS

  SERVER com.whois-servers.net

  ARGS domain =lords-of-war.com

  PORT 43

  TYPE domain

DOMAIN

  NAME lords-of-war.com

  CHANGED 2016-10-31

  CREATED 2011-09-19

STATUS
clientDeleteProhibited https://icann.org/epp#clientDeleteProhibited
clientRenewProhibited https://icann.org/epp#clientRenewProhibited
clientTransferProhibited https://icann.org/epp#clientTransferProhibited
clientUpdateProhibited https://icann.org/epp#clientUpdateProhibited

NSERVER

  EU.SOLIDHOSTING.PR (DOES NOT EXIST)

  IN.SOLIDHOSTING.PRO 103.27.232.40

  REGISTERED yes

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