Week

Three things to watch this week to manage your fantasy fund

Ice cream
Ice cream
Fantasy Fund Manager - Article Puff
Fantasy Fund Manager – Article Puff

The FTSE 350 managed to make a 2pc increase last week, meaning more Telegraph Fantasy Fund Manager portfolios will be in the green compared to last week’s downturn. Luxury car manufacturer Aston Martin Lagonda and silver & gold specialist Hochschild Mining were among the top performers, with online retailer AO World struggling along with Dixons Carphone. This week we will get half year results from Unilever and a quarterly-update from Vodafone.

Unilever first-half results: Thursday 23 July

Despite the relative defensive nature of its business, Unilever’s shares are down year-on-year. This is partly down to a weak end, by Unilever’s high standards at least, to 2019. Back in December the company dished out a mild profit warning, noting that sales for the year would come in below guidance. Underlying revenues ultimately rose 2.9pc year-on-year, below the company’s long-term target range of 3pc 

Read More

Janet Hayes Named Crate & Barrel CEO and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

Business

A Big Week for Big Retailers

It was a busy news week for major home furnishings retailers. After reporting last week that Neela Montgomery would step down as CEO, Crate and Barrel announced that Janet Hayes would assume the role on August 1. The president of Williams-Sonoma from 2013 to 2019, Hayes was also formerly the president of Pottery Barn Kids and Pottery Barn Teen.

Elsewhere, Sur La Table filed for bankruptcy. The Seattle-based purveyor of kitchen goods disclosed its plans to close 56 of its 112 stores; 20% of its corporate staff was also cut.

West Elm made waves when it announced that it would take the 15 Percent Pledge, which means that partnerships with Black designers and

Read More

Janet Hayes Named Crate & Barrel CEO, Kit Kemp Partners with Christie’s London, and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

Business

A Big Week for Big Retailers

It was a busy news week for major home furnishings retailers. After reporting last week that Neela Montgomery would step down as CEO, Crate and Barrel announced that Janet Hayes would assume the role on August 1. The president of Williams-Sonoma from 2013 to 2019, Hayes was also formerly the president of Pottery Barn Kids and Pottery Barn Teen.

Elsewhere, Sur La Table filed for bankruptcy. The Seattle-based purveyor of kitchen goods disclosed its plans to close 56 of its 112 stores; 20% of its corporate staff was also cut.

West Elm made waves when it announced that it would take the 15 Percent Pledge, which means that partnerships with Black designers and

Read More

Lufthansa Braces for Portentous Week With Future on the Line

(Bloomberg) —

Deutsche Lufthansa AG faces one of the most momentous weeks in a near 70-year history, with a clash between its biggest investor and the German government threatening to scupper a 9 billion-euro ($10 billion) bailout and push Europe’s biggest airline toward collapse.

With Lufthansa fighting for survival after the coronavirus outbreak punctured a decades-long global travel boom, billionaire Heinz-Hermann Thiele is threatening to block the rescue plan — which would dilute his holding and influence — at a virtual shareholder meeting Thursday.

Thiele is set to make his case to Lufthansa Chief Executive Officer Carsten Spohr and the two German ministers who brokered the bailout in an online meeting Monday, according to people familiar with the situation. If there’s no breakthrough, the airline will go into the investor vote with its future on the line as cash reserves run low and the threat of insolvency looms.

Lufthansa shares

Read More

Ritz Paris Tableware Gets Ready for Auction, #ShareTheMicNow Initiative Takes Off, and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

Sales

Looking for the Perfect Finishing Touch for Your Next Client Project? Try Some Tableware From the Ritz Paris

This weekend is set to include a very special—and limited—opportunity for fans of the iconic Ritz Paris hotel. Thanks to Artcurial, individuals will be able to bid on pre-renovation examples of the Ritz’s tableware, glassware, silverware, and other cutlery. (If this concept rings a bell, it might be because an auction of the hotel’s furnishings already took place a couple years ago.) Regardless, highlights of this sale include a Marthe service commissioned by Ceìsar Ritz in 1898 for the opening of the hotel, a Ritz Club service designed by Jean Boggio, and more than 450 lots of Limoges porcelain. “This auction

Read More

A Week In Spokane, WA, On A $78,000 Joint Income

Welcome to Money Diaries, where we’re tackling what might be the last taboo facing modern working women: money. We’re asking women how they spend their hard-earned money during a seven-day period — and we’re tracking every last dollar.

Today: a stay at home mom who makes $78,000 per year and spends some of her money this week on T-Rex chopsticks.

Occupation: Stay at Home Mom
Industry: N/A
Age: 26
Location: Spokane, WA
My Husband’s Salary: $78,000
Net Worth: My husband is the only income in our household. All of the bank accounts we have are joint, however, I manage all of the finances. We have $8,000 in savings. We have $17,000 worth of equity in our mortgage. Between 403(b), pension, an annuity gift, and an IRA (all my husband’s), we have about $60,000 in investments and retirement. We also own two cars worth about $12,700.
Debt: $5,500 (loan from … Read More

Learn About Riah Milton and Dominique Fells, the Black Transgender Women Murdered This Week

As Black Lives Matter protests continued across the U.S. and the world this week, two Black transgender women were killed within a 24-hour period. Riah Milton of Liberty Township, Ohio was shot several times during a robbery attempt on Tuesday, and Dominique “Rem’mie” Fells’s remains were found alongside the Schuylkill River in the Bartam’s Garden area of Philadelphia Monday night.

“It is with deep sadness that we share the news of the recent passing of a member of our LGBTQ family,” the Philadelphia’s Office of LGBT Affairs said in a statement following the identification of Fells, per Out magazine. “The pain of such a loss is always difficult, but it is especially deep as we are in the midst of Pride month—a season typically filled with joy and celebration for many in our community.”

Police initially misgendered both Fells, 27, and Milton, 25, in their initial reports of the deaths.

Read More

Maison & Objet Moves Fall Fair Online, Frank Lloyd Wright’s Taliesin School to Relocate, and More News This Week

From significant business changes to noteworthy product launches, there’s always something new happening in the world of design. In this weekly roundup, AD PRO has everything you need to know.

In Pursuit of a More Just World

Nonprofit Rallies Street Artists for a Cause

Italian nonprofit Yourban 2030 has produced a global street art campaign designed to raise funds for Black Lives Matter initiatives and a number of NGOs, as well as to support those particularly impacted by the pandemic. The program, called Color 4 Action, features black-and-white works by artists including Shepard Fairey (known for the iconic Barack Obama “Hope” design), Ron English, Jeremy Fish, and Okuda. Donors who give $25 or more to one of the supported organizations receive a link to download the artists’ coloring book–style drawings.

Design Companies Continue to Step Up

On June 26, East Fork is set to stage its annual fundraiser for Campaign

Read More