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LONDON (Reuters) – The replacement of Unilever’s CEO Paul Polman was not connected to a shareholder row earlier this year over a proposed move of the headquarters of the Anglo-Dutch consumer goods company from Britain to the Netherlands, said the group’s chairman. “The appointment of Alan Jope as the successor of Paul has nothing to do with the simplification process,” said Chairman Marijn Dekkers, referring to the company’s terminology for the HQ move. Unilever said earlier on Thursday that Polman was retiring and would be succeeded in January by Alan Jope, the head of the Anglo-Dutch group’s beauty business hugo boss cufflinks uk sale.
SEOUL (Reuters) – South Korean prosecutors on Thursday said they have indicted nine people on suspicion of leaking Samsung Electronics Co Ltd flexible display technology to a Chinese company. The Suwon District Prosecutors’ Office has charged the chief executive and eight employees of supplier Toptec Co Ltd for selling information earlier this year about Samsung’s organic light-emitting diode (OLED) panels hugo boss cufflinks uk sale. The group are accused of forming a separate shell company that received information on the use of equipment and drawings of panels obtained from Samsung subsidiary Samsung Display, and which sold some of the documents in China for 15.5 billion won ($13.85 million), the prosecutors office said..
Toptec, which produces automated equipment to make mobile phone display panels, denied any wrongdoing. “Our company has never provided Samsung Display’s industrial technology or business secrets to a Chinese client. Our company will fully cooperate with legal proceedings to find the truth in court,” Toptec said in a statement hugo boss cufflinks uk sale. Shares in Toptec tumbled 20 percent. A Samsung Display spokesman said the indictment was “regrettable” and that the firm would increase efforts to protect technology..
HONG KONG/BANGKOK (Reuters) – Fred Perrotta spent four years building a network of Chinese suppliers for his line of trendy backpacks, but as soon as the United States announced tariffs on almost half of its Chinese imports, he started looking for suppliers in other countries. That process is now so far advanced it would be too late to reverse it even if U.S hugo boss cufflinks uk sale. President Donald Trump and his Chinese counterpart Xi Jinping call a truce in their growing trade war at this week’s G20 summit, the 33-year-old said..
Perrotta’s company, Tortuga, is joining what industry experts say is the biggest shift in cross-border supply chains since China joined the World Trade Organisation in 2001. The shift is creating stiff competition to secure new facilities in neighboring countries and rebuild supply chains outside of China, home to a fifth of global manufacturing hugo boss cufflinks uk sale. “Everyone is nervous and scrambling around,” Perrotta said by phone from Oakland, California, where he recently took delivery of the first samples from a potential new supplier in Vietnam..