Business Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector. 19 Feb 2019 06:10PM Bookmark BERLIN: Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe's fashion sector.Shares in Tom Tailor surged 14 percent to 2.46 euros after the company said Fosun was increasing its shareholding to 35.35 percent by buying new shares worth 2.26 euros each. That will lift Fosun's stake above the 30 percent threshold that triggers a mandatory takeover offer under German law.The capital increase will raise 8.6 million euros (US$9.7 million), the companies said, and an offer price of 2.26 euros per share would give Tom Tailor a total value of 96 million euros.Fosun, which owns French leisure company Club Med, has been expanding in Europe's retail … [Read more...] about China’s Fosun makes bid for German fashion chain Tom Tailor
OSLO: Norway's government on Wednesday (Oct 17) officially apologised to Norwegian women targeted for reprisals by authorities for having intimate relations with German soldiers during the country's war-time occupation.Between 30,000 to 50,000 Norwegians, labelled "German girls", had intimate relations with occupying troops during World War II, according to conservative estimates from Norway's Centre for Holocaust and Minorities Studies.Many of these woman were subject to reprisals by officials after the 1945 liberation from Nazi occupation, including illegal arrests and detentions, job dismissals and even being stripped of their nationality."Young Norwegian girls and woman who had relations with German soldiers or were suspected of having them, were victims of undignified treatment," Norway's Prime Minister Erna Solberg said."Today, in the name of the government, I want to offer my apologies," the premier said at an event to mark the 70th anniversary of the UN's universal declaration … [Read more...] about Norway apologises to mistreated war-time ‘German girls’
By Mattias Karen The Associated Press Wed., July 11, 2018 LONDON—It’s been 87 years since two German women played in a Wimbledon final. Julia Goerges likes the sound of a repeat, though. “It sounds crazy to maybe have the chance to share a German final in Wimbledon,” Goerges said after she and Angelique Kerber advanced to separate semifinals at the All England Club. “Well, it’s still one more match to go for both of us ... Both very tough matches. But it’s great to see there is a chance.” For Goerges, it couldn’t get much tougher. She’ll be facing Serena Williams, the seven-time champion who hasn’t lost a match at the All England Club since 2014 — though she missed last year’s tournament while pregnant. Article Continued Below Kerber, a two-time Grand Slam champion who was runner-up at Wimbledon in 2016, will be playing former French Open winner Jelena Ostapenko on Thursday. … [Read more...] about Goerges, Kerber aim for all-German women’s final
MANILA, Philippines – The Philippine women’s 3x3 team to the 2018 FIBA 3x3 World Cup looked outclassed against the Netherlands, their opening assignment. The Filipinas fell, 21-11. They looked out of it that they didn’t even shoot a single free throw. After the game, it was an upset head coach Patrick Aquino who gathered his team around him by the practice courts of the Philippine Arena. He didn’t yell. He was careful not to rail at them too much. Not with another match looming in four hours’ time. “We need to toughen up,” he said, looking at Jack Danielle Animam, who only registered a point and a block in the loss. “We rehearsed this. You know what to expect. Play our opponents tougher. If not, they will walk all over you.” The girls did just that against Germany, the 11th-seeded women’s team. It was more than a basketball game. At times, it was like a UFC match as the Filipinas came out a lot more physical. While the … [Read more...] about Learning to fly: Philippine women’s 3×3 team
Germany has flourished under Chancellor Angela Merkel over the last 12 years, with record-low unemployment and robust economic growth. But that success hasn’t translated into better pay for women in the country, where one of the worst gender pay gaps in Europe looks unlikely to get better soon. Despite having a woman running the government, a new law aimed at highlighting the issue lacks the teeth to boost women’s standing in the corporate sector. The so-called Wage Transparency Act, which took full force in January, puts the onus on individual employees to step forward and request information on wage discrepancies, while companies are given plenty of wiggle room. “The law will practically have no impact on furthering pay equality,” said Hans-Georg Kluge, a lawyer who specializes in anti-discrimination cases. “Individual women who are willing to take their case to court will draw no benefit from this.” That’s a far cry from other efforts, where … [Read more...] about German economy is booming. So why aren’t women benefiting?