Fashion king Valentino to retire
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Valentino, one of the undisputed kings of fashion whose name is synonymous with elegance, will retire in January from the couture house he founded nearly half a century ago.
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Starbucks President and Chief Executive Orin Smith, one of the triumvirate under which Starbucks came of age, will retire in the spring.
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Stephen Richards will retire from his positions as chief operating officer and chief financial officer.
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Italian designer Valentino, whose signature flaming red couture gowns have graced royalty, Hollywood stars and the international jet set for 45 years, announced Tuesday he was stepping down as head designer of the Valentino fashion house.
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Philippe de Montebello, who has led the Metropolitan Museum of Art for 30 years, announced Tuesday that he planned to retire at the end of the year.
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Permira Advisers, manager of Europeâs largest buyout fund, increased its stake in the Valentino Fashion Group to 60.2 percent by purchasing Canova Finanziariaâs shares for 491.4 million euros ($668 million). The shares were bought for 35 euros each through Permiraâs Red & Black Lux SARL unit, Permira said. Valentino Fashionâs chairman, Antonio Favrin, and his associate, Dario Segre, controlled the 18.95 percent Valentino Fashion stake through Canova. Permira, based in London, offered to buy Valentino Fashion last month in a transaction valuing the company at 2.6 billion euros, lured by its Hugo Boss clothing brand, and plans to bid for the rest of the outstanding stock. Valentino is based in Milan.
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Valentino Fashion Group said Wednesday it has appointed a 35-year-old Italian as the fashion house's creative director for womenswear, a day after Valentino announced his resignation as head designer.
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GlaxoSmithKline  Chief Financial  Officer John Coombe is set to retire in March when he turns 60,  the company said on Saturday.
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Ford Motor Co.  said on Thursday  that two of its top executives have decided to retire, a day  before the automaker is expected to announce a new sweeping  restructuring plan.
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Italian fashion house Gianfranco Ferre has parted ways with Lars Nilsson just five months after hiring him as creative director.
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Pier 1 Imports Inc.  said on  Saturday that Chairman and Chief Executive Marvin Girouard will  retire from the specialty home furnishings retailer on February  28.
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The Florida judge noted for his unorthodox oversight of the Anna Nicole Smith case says he is retiring at the end of July.
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The chairman and chief executive of Pier 1 Imports Inc., Marvin Girouard, will retire from the unprofitable home-furnishing retailer and its board early next year, the company said.
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Philippe de Montebello, who has led the Metropolitan Museum of Art for 30 years, announced that he would retire at the end of the year.
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Former Gucci designer Alessandra  Facchinetti will succeed Valentino Garavani as creative  director for womenswear collections when he retires from the  couture house he founded, Valentino Fashion Group said on  Wednesday.
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Geoffrey Beene, the fashion designer whose classic, form-flattering designs shaped women&#39;s wardrobes for the past four decades, died Sept.
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The surf-and-skate retailer's executive resigns, possibly to go off and buy Rossignol.