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Swiss open to Federer or FIFA chief helping on US tariffs

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August 12, 2025

The Swiss government would not object to tennis legend Roger Federer or FIFA President Gianni Infantino intervening to reduce the country’s tariff burden after the US slapped a 39% import duty on its goods, President Karin Keller-Sutter said.

Switzerland is looking for a solution to its high tariffs

Some Swiss politicians have proposed their countryman Infantino as an informal negotiating channel with US President Donald Trump after the US leader attended the FIFA Club World Cup final in New Jersey in July. Trump is also a fan of celebrities and could be swayed by an approach by Federer, Swiss media has reported.

“If personalities who know him have a conversation with him, we’re not against it,” Keller-Sutter told broadcaster Tele Zueri, when asked about Infantino or Federer speaking with Trump. 

“That’s not a strategy we can officially pursue,” she said, adding negotiations with Washington would be led by the government. “I don’t know if that would actually help in the end.”

Switzerland has been left stunned by the 39% import levy – among the highest of any applied under Trump’s global trade reset, which went into effect last week.

Earlier in May, South African President Cyril Ramaphosa included popular golfers in his delegation that travelled to Washington hoping to discuss trade and reset strained relations with the US During a tense White House meeting Trump confronted him with false claims of white genocide and land seizures.

Keller-Sutter said she hoped talks to cut US tariffs on Swiss exports could be settled by October, but warned Switzerland would not pay “any price” after an earlier agreement was brushed aside by Trump in a phone call between the two leaders on July 31.

“The Federal Council is naturally striving to find a solution that will reduce customs tariffs,” Keller-Sutter said. “I hope that is true,” she said when asked about US Treasury Secretary Scott Bessent’s comments that trade issues could be resolved by October.  

The tariff was unjustified and must be reduced, she said, noting that Swiss companies were investing heavily in the US. “It cannot be that, to put it simply, we just pay, worsen our business location and then still have high customs duties,” she said.
Still, Switzerland was a small country with no political power, which meant its leeway was limited, Keller-Sutter said.

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Cosmetics giant Unilever finalises business demerger

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AFP

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December 5, 2025

The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.

Reuters

Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.

The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.

Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.

“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.

Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
 

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Burberry elevates two SVPs to supply chain and customer exec roles

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December 5, 2025

Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.

Burberry – Spring-Summer2026 – Womenswear – Royaume-Uni – Londres – ©Launchmetrics/spotlight

Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm. 

In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.

Matteo Calonaci - Burberry
Matteo Calonaci – Burberry

Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.

Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.

JohnattanLeon - Burberry
JohnattanLeon – Burberry

Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.

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Puneet Gupta steps into fine jewellery

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December 5, 2025

Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.

Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta

 
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”

The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.

An eclectic mix of jewels from the collection
An eclectic mix of jewels from the collection – Puneet Gupta

 
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.

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