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Coach's longtime CEO Frankfort to give up title
(AP) Coach's longtime CEO Lew Frankfort, who transformed what had been a small leather goods business into a global luxury brand, will step aside next year.
The upscale purse and accessories seller said Thursday that Victor Luis will succeed him as CEO in January. Luis, Coach's head of international operations, spearheaded the company's fast growth into Asia.
Frankfort, who will remain as chairman and CEO until January, will then become executive chairman. He plans to stay in that position "indefinitely," he said in an interview Thursday with The Associated Press. "I don't have a fixed retirement date," he said. "At the same time, we need to prepare the business for the next generation, and Victor is the perfect leader."
Frankfort, 66, joined Coach in 1979 as a vice president of business development. Named chairman and CEO in 1995, he shepherded Coach through an initial public offering in 2000 and oversaw the company's growth into a global luxury business. Coach, which generated revenue of $4.8 billion in its latest fiscal year, now runs more than 500 stores in North America and has locations around the world.
Luis, 46, became president of Coach's international business a year ago after joining the New Yorkbased company in 2006. Coach on Thursday appointed him president of the company and chief commercial officer, and named him to the board.
The management change comes as Coach grapples with a challenging global economy. It just finished a muted holiday season marked by steep price cuts by competitors. It's also facing new rivals, including Michael Kors Holdings Inc., which is cultivating a loyal following for the designer's trendy handbags.
In Coach's second fiscal quarter,[url=http://www.floware.fr]www.floware.fr[/url], which ended Dec. 29, revenue at North American stores open at least a year fell 2 percent. In the company's first quarter, the metric, an important one for retailers, rose 5.5 percent. In Asia, meanwhile, growth has been strong in China but sluggish in Japan.
Shares of Coach have lost 35 percent of their value over the past 12 months. The stock fell 55 cents, or 1.1 percent, to $48.22 in midday trading.
"They have to put out more fashionable product," said Brian Sozzi, chief equities analyst at NBG Productions. In that arena, "Kors is a clear leader."
Frankfort defended Coach, saying the recent holiday quarter was just "a moment in time." He emphasized again Coach's plans to further develop a lifestyle brand focused on accessories.
As part of Coach's plan to rev up growth and differentiate itself from competitors, it's trying to make its stores more inviting by opening shoe salons inside its shops, highlighting an expanding footwear collection. It's also expanding into other key categories, including coats and scarves, while creating a headtotoe collection that will start to show up in stores this fall. And it's reaching to the past to inspire purse shoppers. Coach last year launched its Legacy collection of handbags inspired by classic styles in the company's archives.
"Coach is a great company with exceptional brand and business equities and a strong and seasoned leadership team," said Luis in a statement. "Together with Lew, we will build upon the company's strong foundation, leveraging the global opportunity, while continuing to evolve the Coach brand.".

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four Rong Xiang Rong Tang Cun,[link widoczny dla zalogowanych], Rongshui County riverside Tuen adequate water,[link widoczny dla zalogowanych], the useful rice fish culture tradition. 73 households in the village a fish farm,[link widoczny dla zalogowanych], last year the development of farming paddy of 23 hectares (350 acres),[link widoczny dla zalogowanych], the county the Tun as rice fish farming demonstration base.
in order to improve the success rate of farmers farming,[link widoczny dla zalogowanych], play the role of base demonstration,[link widoczny dla zalogowanych], radiation,[link widoczny dla zalogowanych], to achieve industrial and agricultural people income increase,[link widoczny dla zalogowanych], in April 11th,[link widoczny dla zalogowanych], the County Technology Bureau,[link widoczny dla zalogowanych], four Rong Xiang Government jointly held the rice fish farming technology training courses in this village,[link widoczny dla zalogowanych], 49 people participated in the training.
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Shanghai City, jointly with the Municipal Commission of Commerce, the district actively implement measures, efforts to defuse the cabbage and other vegetables and seasonal varieties structural slow-moving problem.

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Victorya Hong Designer Victorya Hong,[link widoczny dla zalogowanych], who challenged "Project Runway" in season 4 as the first Korean,[link widoczny dla zalogowanych], will also appear in the Korean version of the controversial reality show. She will be a "surprise" guest judge at the first episode aired by OnStyle.
Hong,[link widoczny dla zalogowanych], who was born in Seoul but grew up in the United States,[link widoczny dla zalogowanych], now has her own brand in New York with remarkable design talent.
She was spotlighted in the TV show due to her calm way of speaking,[link widoczny dla zalogowanych], cleverness,[link widoczny dla zalogowanych], and sensuous design. She took first place in an assignment set by Sarah Jessica Parker of "Sex and the City" fame.
"It's refreshing to be a judge for the contenders in my home country after going through fierce competitions as a contender myself,[link widoczny dla zalogowanych]."
"Project Runway Korea" will be broadcast on OnStyle at midnight Saturday,[link widoczny dla zalogowanych].
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before the CSRC revised "measures" securities investment fund management solicit public (referred to as "the draft"). For bond funds, "draft", debt leverage ratio should not exceed 140% of its net assets, in addition, the single bond holdings also made similar shares based on "double limit".

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the morning of May 8th, Chinese ambassador to the student foundation for poverty alleviation, the KMT Central Committee of Zhongshan Cultural Association, honorary president of St. Liu Anxin school, Anhui province business and management consultant Li Meiying (name of Guo Ling),[link widoczny dla zalogowanych], vice chairman of the United Chinese Association Zhang Jisheng, national century style revised Tourism Cultural Town Exhibition Office Director Liu Xianjin,[link widoczny dla zalogowanych], The Open University of China secondary school principal Chen Jianbo, China Foreign Affairs University, civilization office director Qin Min a line in the Zhu Zhilin vice president, national blueprint Research Institute of Anhui province CPPCC Standing Committee,[link widoczny dla zalogowanych], accompanied by Vice President and Secretary General Li Yongcheng of the operation and management of enterprises in Anhui province will,[link widoczny dla zalogowanych], came to Xin'an Xin Sheng school inspection guidance. Yu'an district Party Committee Standing Committee, vice mayor Li Qiusheng,[link widoczny dla zalogowanych], vice mayor Liu Shengchun,[link widoczny dla zalogowanych], vice chairman of CPPCC Committee,[link widoczny dla zalogowanych], district director of United Front Work Department of Shi Lei and the District Education Bureau,[link widoczny dla zalogowanych], the Mission District and other departments responsible person accompanying the study.

Li Meiying line on the current basic situation of the school were investigated, and held a forum, heard about the basic situation of the school and the development of the situation in recent years the introduction of the school. The Open University of China secondary school principal Chen Jianbo announced bring projects: one is to carry out education and poverty, by the The Open University of China funded,[link widoczny dla zalogowanych], every year for the school to solve the 10 junior high school graduates continuing education; two is in the conditions permit, the establishment of investment of RTVU Teaching Base in the school, the service is good school; three is the unconditional acceptance the junior middle school graduate or have not graduated from technical secondary school to postgraduate students in The Open University of China.

Li Meiying expressed gratitude to the The Open University of China to give the school help. She said she would do its maximum capacity, as in the past to support the development of education,[link widoczny dla zalogowanych], also hope that all sectors of the community devoted to caring education ranks.

according to understand, Ms. Li Meiying has been committed to all donations by the KMT Central Committee, students in poverty-stricken areas to go to school. The school is Ms. Li Meiying in 2002 has invested about 5000000 yuan to build a 9 year secondary school,[link widoczny dla zalogowanych], in September 1, 2003 put into use. During the past 10 years, through the efforts and the community care and support,[link widoczny dla zalogowanych], has become one of the main teaching base for solving local, local students to go to school, support local education development to make positive contribution. (Chen Lei)
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Western Leaders Hail Castro's Retirement as Opport

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before the CSRC revised "measures" securities investment fund management solicit public (referred to as "the draft"). For bond funds, "draft", debt leverage ratio should not exceed 140% of its net assets, in addition, the single bond holdings also made similar shares based on "double limit".

weoiqwpdn · Wysłany: Nie 0:36, 16 Mar 2014 Temat postu:

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evening news (correspondent Rao Fei) in May 4th,[link widoczny dla zalogowanych], the Lichuan Municipal Public Security Bureau police representatives came to the city in the youth development of 3 poor students to Yang Xiao,[link widoczny dla zalogowanych], Sun Feng,[link widoczny dla zalogowanych], Wei Xing love to send warm activity,[link widoczny dla zalogowanych], and sent a young police donated funds.
in the school's headmaster introduced,[link widoczny dla zalogowanych], the police saw the 3 poor girls,[link widoczny dla zalogowanych], they are all students of science. The police inquired kindly 3 students learning,[link widoczny dla zalogowanych], life and other difficulties,[link widoczny dla zalogowanych], and sent condolences subsidy. At the same time,[link widoczny dla zalogowanych], the police side example,[link widoczny dla zalogowanych], celebrity stories encourage them to abandon the ideological burden and pressure,[link widoczny dla zalogowanych], establish confidence.
(network editor: A Wei)
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2012 year in February 5th, the public saw a loan advertisements, in Lichuan City Bridge in February 19th, he offers and advertising on the phone number to contact each other for loans, in the name of the first charge interest to pay 3100 yuan, he paid but have not yet received the loan. Aware of their victims, and alarm.