As temperatures climb past the 70s, suit-wearing men are forced to continue a practice that's supposed to be reserved for colder climes: layering. Do they keep wearing their wool blazers, or shell out for a summer suit? The first option requires constant access to air conditioning. On the other hand, pink seersucker and other similar summer wear has a way of making you look like an extra on Brideshead Revisited.
Joh. A. Benckiser’s plan to buy D.E. Master Blenders 1753 NV already has analysts pondering the investment firm’s next move. One possibility: An asset swap with Beiersdorf AG’s largest shareholder, the Herz family’s Maxingvest AG, which owns German coffee company Tchibo GmbH.
The French investors whose funds posted the biggest returns last year, doubling gains made by a regional benchmark, will remain optimistic about equities this year even if the euro-area economy continues to contract.