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Hein Schumacher to step down as Unilever CEO
Hein Schumacher to step down as Unilever CEO
by  AFP

British consumer goods giant Unilever on Tuesday said chief executive Hein Schumacher will step down on March 1 after less than two years in the post. Fernandez will become CEO after a little over a year as chief financial officer. ajb/tw

Milan Fashion week opens as luxury sector struggles
Milan Fashion week opens as luxury sector struggles
by  AFP

Flair and fanfare promise to light up the Milan Fashion Week catwalks starting Tuesday, but upcoming shows will struggle to distract from a worrying slump in the luxury sector. Gucci -- once the pride of fashion week but now the worst performer in Kering's portfolio -- kicks off the week-long party this week in Milan.

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