At the time, Frédéric Grangié, the president of Chanel Watches & Jewelry, said in an interview with the French daily newspaper Le Figaro: “This announcement is part of our long-term strategy to continue preserving, developing and investing in specialized skills and expertise, reaffirming our position in high-end watchmaking.” The strategy seems to be bearing fruit.
For decades, credit rating agencies have unintentionally provided bond investors with an almost guaranteed way to turn a profit: When the firms demote companies from investment-grade, many money managers are forced to sell, because they have mandates forbidding them from owning junk debt. Such sales typically happen fast, pushing prices below those for bonds with
India is the world’s second-biggest gold consumer after China 4 min read Last Updated : Aug 15 2024 | 2:29 PM IST India’s gold imports, which have a bearing on the country’s current account deficit (CAD), dipped by 4.23 per cent to $12.64 billion during April-July 2024-25 due to global economic uncertainties, according to