Emmanuel Faber: “A company like Danone does not run without shareholders”

Used to playing with the image of a “social” boss, Danone CEO Emmanuel Faber drew criticism on Monday by announcing 1,500 to 2,000 job cuts, including around 500 in France. This “reorganization” in favor of more local levels will affect the global headquarters of the agri-food group, which defines itself as a company “On mission” […]

Total cuts 700 jobs, stock market action soars

The workforce reduction plans dictated by the logic of profits do not know the crisis: they would even tend to prosper. After Danone which announced Monday 2,000 job cuts, including 400 to 500 in France, to improve its “profitability”, another heavyweight of the CAC40 engages. And not just any: Total takes a departure plan out […]

Syriza defeated, Greece turns the page Tsípras

White shirt and red rose in hand, Aléxis Tsípras showed up on Sunday morning all smiles to vote in a school in the Athenian popular district of Kypséli, where the Greek Prime Minister still lives, having always refused to move under the gold of the Republic after his party’s historic victory four years ago. But […]

French luxury group Kering turns Puma shares into money

Gucci Owner Kering brought Puma shares for a total of 656 million euros with investors overnight. (Photo: Reuters) Munich The French luxury group Kering has sold a stake of almost six percent in its former subsidiary Puma. That put the shares of the Franconian sporting goods company under pressure on Tuesday. The owner of brands […]

Takeover of Suez by Veolia: the State, strategist or simple shareholder?

The board of directors of Engie, of which the state holds about 22%, decided on Monday evening to sell its 29.9% stake in Suez to Veolia, which had raised its offer to a price significantly higher than that of the market . Two state officials voted against the sale and another abstained, according to corroborating […]

The star investor’s last big bet

Denver Warren Buffett made probably the most important deal of his career in 1967. The young boss of private equity firm Berkshire Hathaway took over the insurer National Indemnity and a smaller sister company for 8.6 million dollars. And it worked out to be Buffett’s taste: the insurers’ majority shareholder was an Omaha entrepreneur who […]