France’s finance minister Eric Lombard and industry minister Marc Ferracci will meet with Italy’s business minister Adolfo Urso in Paris on Thursday to seek an “aligned position” on European industry. The two countries will seek to boost endangered sectors and defend “made in Europe.”
Finance minister Éric Lombard, during a visit to exoskeleton manufacturer Wandercraft, Paris, March 13, 2025. – Thomas SAMSON / AFP
“The aim with the Italians is to rally them to the fight to protect European industries, so that we can jointly take it [the issue] to Brussels with them,” the offices of the two French ministers told the press.
Among the issues to be raised on Thursday is the question of European steel. The survival of the European steel industry is, according to Paris, threatened by “exacerbated” or even “unfair” competition from China and the US. The European Commission has said it intends to present a legislative proposal in September to reduce steel imports into Europe by up to 50% through various trade measures, which France is defending.
The two countries’ ministers are also expected to discuss automotive issues, with the “shared objective” of “strengthening demand for clean vehicles with European content,” and to tackle the question of “European preference,” for example in public procurement.
“Italy is moving closer and closer to France on a number of positions,” said Parisian representatives, referring again to nuclear power, which Italy wants to revive. Italy also advocates, like France, that nuclear power should be treated in a similar way to renewable energies in European legislation.
“The issue of competitiveness and technological neutrality is one of the subjects on which we agree with the Italians,” added the French ministers’ offices.
Thursday’s meeting in Paris will take place as part of the Quirinal Treaty, signed between the two countries in 2021. The treaty includes annual meetings between French and Italian ministers.
Giorgia Meloni and Emmanuel Macron displayed their “shared commitment” and “strong convergences” during a long tête-à-tête in Rome in early June. The meeting was held in part to dispel the tensions of recent weeks, which have been amplified since Donald Trump‘s return to the White House.
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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 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.
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
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
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”.
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 – 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.