WASHINGTON - The number of Americans filing new claims for unemployment benefits fell more than expected last week, pointing to resilience in the labor market despite belt-tightening by Washington.
LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.
BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.
Prada rebuffs investor interest in minority stake
MILAN (Reuters) - Italian fashion house Prada said on Friday it had turned down an approach by investors interested in buying a minority stake.
"There are no discussions to sell a stake in the company even though I cannot deny that there are investors interested in (Prada)," a spokesman said. Last Saturday, Italian business daily MF reported private equity firms were discussing taking a stake of at least 40 percent. It said Investindustrial and Clessidra were among funds that had spoken with Prada, adding an investment could occur with the maturity of 100 million euros ($141 million) debt in July.
MF did not cite its sources.
Prada said on Thursday it appointed Sebastian Suhl as chief operating officer. He is to assume the position on September 1.
Suhl, 41, was chief executive of Prada Asia Pacific, the company said in a statement.
(Reporting by Gilles Castonguay; Editing by Dan Lalor; Editing by Hans Peters)
($1 = 0.7108 euro)
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