Miky Lee, vice chairman of CJ Group, beams as she greets a visitor in the executive lounge of South Korea’s biggest purveyor of food, home-shopping services, TV programs and movies. Wearing a black top, charcoal leggings and midcalf Michael Kors sneakers, the 55-year-old granddaughter of Samsung Group’s founder shows no sign it’s been a traumatic few months.
With less than a 0.1 percent share of Japan’s car market, Alfa Romeo knew it couldn’t match the marketing muscle of local automakers such as Toyota Motor Corp., which together make nine out of 10 vehicles sold in the country.
Havas SA, the French advertising agency partly-owned by billionaire Vincent Bollore, said David Jones is standing down as chief executive to start his own company. Chairman Yannick Bollore will take over the top job.