The Importance Of The Civil Rights Movement - 1048 Words

Katelynn Douget 10-9-17 HIST 2057-01 The Importance of the Civil Rights Movement This essay will argue that though racism is still ongoing, the Civil Rights Movement was a vital step forward to provide racial equality in America. The Civil Rights Movement did not just happen over a course of days or months, its process took nearly a century. It has never fully stopped racism, but it has definitely made the United States a more equal nation through laws. There were several events as well as tragedies that took place during that time. Some major events were the ratification of the 14th and 15th Amendments, the Brown v. Board of Education case, and the Civil Rights Act. The actions taken during that time made a difference in†¦show more content†¦The Brown v. Board of Education case changed public schools for the better. The case stated that separate schools for race were unconstitutional. It all started when a school in Virginia went on strike because of the overcrowding and unequal conditions in the school. †Å"Brown was regarded as a direct challenge to regional customs, traditions, and ways of life and thus provoked a massive reaction.† This is why it was such a challenge to win the case. No one wanted to change the way they were living for years. The case allowed blacks and whites to attend the same schools and gave African American students the opportunity to have the same quality education and schools as the white students. â€Å"In the 1948-49 school year, the average investment per pupil in Atlanta public school facilities was $228.05 for blacks, $570 for whites†. That goes to show that the school conditions for blacks was unfair compared to the whites. Also the average number of blacks per classroom was well over the average number of whites in a classroom. Because of the Brown v. Board of Education case, African Americans no longer had harsh conditions to be in at school and did not have to share one classroom amongst several grades in a crammed room. The Civil R ights Act took place in 1964. The Act abolished discrimination in all public places. The Act made it possible for whites and blacks to eat in the same restaurant and took awayShow MoreRelatedThe Importance Of The Civil Rights Movement1692 Words   |  7 Pagesand altered the history. The Civil Rights Movement of the 1960’s was one of the most significant and important for the equality of all people and their free rights. Since the ending of slavery in 1863, there had been a continuous conflict between the races of people who lived in the United States. In addition, the Civil Rights Act was a crowd protest movement against racial segregation and discrimination in the southern United States that came to national importance during the mid-1950s. It was toRead MoreThe Importance Of The Civil Rights Movement819 Words   |  4 PagesKatelynn Douget 9-25-17 HIST 2057-01 The Importance of the Civil Rights Movement This essay will argue that though racism is still ongoing, the Civil Rights Movement was a vital step forward to provide racial equality in America. The Civil Rights Movement did not just happen over a course of days or months, its process took nearly a century. It has never fully stopped racism, but it has definitely made the United States a more equal nation through laws. Unfortunately, personal opinionsRead MoreThe Importance Of The Civil Rights Movement1054 Words   |  5 PagesThe civil rights movement come into being in the middle of the twentieth century. The push came from African Americans who did not get the same rights as the whites such as equal access to public amenities, equal chances in education, job recruitment and housing, the right to vote and freedom from racial discrimination. The movement was fighting to bring back the right of citizenship to the African Americans after its erosion by segregationist jim crow law. It further led to the reemergence of theRead Mo reThe Importance of Sit-Ins to the Black Civil Rights Movement Essay1271 Words   |  6 Pages Civil disobedience was key in the pursuit of equality for African Americans during the Civil Rights Movement. Through forms of peaceful protest, African Americans were able to bring to light the socio-economic inequalities they faced and forced the government and general public to do something about it. Sit-ins, one method of practicing civil disobedience, took root in the early 1960s and quickly became a popular and effective form of peaceful protest. James Baldwin makes a veryRead MoreThe White Race And Its Heroes1623 Words   |  7 PagesPrimary Source Analysis: Cleaver, E. â€Å"The White Race and Its Heroes.† in Souls on Ice, 65-83. New York: Dell Press, 1968. Journalist, civil rights activist and criminal are some of the connotations attached to Eldridge Cleaver; a prominent figure of the radical shift in the civil rights movement during the 1960s and early 1970s. Cleaver spent a majority of his upbringing in youth reform schools and prisons within the state of California, which as evidence will show, affected greatly upon his workRead More The Civil Rights Movement Essay1071 Words   |  5 Pageslight can do that. Hate cannot drive out hate; only love can do that. - - Martin Luther King, Jr. The Civil rights Movement helped people realize how powerful their voice can be, which changed America completely. One of those people who had a powerful voice was Martin Luther King, Jr. He was an inspiring and influential leader of the Civil Rights Movement. The quote above is just one of many inspirational comments made by Martin Luther King. The peaceful protests against racismRead MoreInterpretations Of The Civil Rights Movement1415 Words   |  6 PagesHistoriographical interpretations of the Civil Rights Movement have often been documented as a history of great men mostly focusing on black men like Dr. Martin Luther King, John Lewis, Jim Lawson, and Malcom X. As scholars of the civil rights movement, we now recognize the ways in which the prevailing forces of both patriarchy and sexism have done the work of minimizing and erasing the important contributions of women throughout the progression of human history. Whether we look to the developmentRead MoreThe Brown Decision : A Catalyst For Change Or A Strategic Misstep?1157 Words   |  5 Pagesmisstep. However, I believe that while it took Congressional action and outside social change to make this decision relevant, the Brown decision did have an impact on public policy because it set the standard for how the Court would react to the Civil Rights Act of 1964. I believe that the Brown decision was not a strategic misstep, but was a catalyst for change. My argument is not too far off from Ginsberg’s; I cannot refute his argument that the Brown decision had â€Å"virtually no effect† on publicRead MoreThe American Abolitionists Book Review Essay1214 Words   |  5 PagesAbolitionists is a book that scrutinizes the movement of abolishing slavery in the United States. It examines the movement from its origin in the 18century in the course of the Civil War and the elimination of slavery in 1856. American Abolitionists book focuses on the American Abolitionists who struggled to end slavery and advocated for equal rights for all African Americans in the United States. Harrold mainly focuses his book on the abolitionist movement and the effect of slaves on its expansionRead MoreAt the Dark End of the Street by Danielle L. McGuire668 Words   |  3 PagesMost curriculums being taught to students withhold a mass amount of history. Some may do this because they feel some events do not have the same importance as other topics being taught. Such topics for example would be the rape and sexual exploitation of thousands of African American females during the time periods where racism and segregation was the norm. It is important for people to be educated about the horrific events that these women went through without justice. It is also essential because

How Energy And The United State s Global Influence On The...

The Unites States and The People’s Republic of China have been ever growing superpowers on the world scene since the last century. Their economies, military and social policies have been models and adapted by other nations on Earth and their present day influences in these same criteria seem to have no end. The driving force behind China’s industrialization and the United State’s global influence are one in the same; Energy. Both these nations have been fortunate enough through their geological locations to be able to find and harvest different sources of energy to propel their governments, economies, militaries, ect and with the help of harvesting the ingenuity of their respective populations to drive the discovery of more efficient and productive technologies in aspects of economics, home life and energy. This essay will go on to illustrate what energy sources either nations use and why they use them, what sources of energy they are trying to further develop a nd what sources of energy they import as well as export. Finally, We will touch upon the energy relationship between the US and China and compare this relationship through one or more international relations theories. The United States- The United States is a federal republic and one of the longest continuous democracies in the world. With a population of approximately 325 million, the United State is both the second largest producer and consumer of overall energy (China being the first). According to theShow MoreRelatedWhen we as in the individuals think about what a Superpower is, we usually think that it’s pretty1000 Words   |  4 Pagesmuch dominance. But actually the answer isn’t wrong at all. A superpower is a state that achieves generally unopposed dominance and can exert international influence at will. There are no set rules that make a state a superpower, but there are some common characteristics that most agree are necessary to earn the difference. It’s quite a few countries that we contemplate superpowers. The superpowers countries in the world are most effective in doing some political or either economic decisions. ThereRead MoreThe Increase Of Gross Domestic Product899 Words   |  4 Pagesin the United States. The GDP is used to determine how much money was spent, how much good and services were sold and how much income was earned in the country. The United States are responsible for much greater per person greenhouse gas emissions, and the country is working towards the reduction of emissions that might help to diminish the climate change and inspire other countries to take action too. New research shows that if present trends continue, the total cost of global warmingRead MoreEnergy Security And The United States1553 Words   |  7 PagesIntroduction Introduction Energy is more than a utility that keeps the lights on in our homes or the gas in our cars; it’s a foundational resource that plays a key role in a nation’s ability to provided economic opportunity and basic services and security to its people. As such, it is imperative to a nation’s overall security that it develops/acquires access to energy, ensures energy needs are properly met and supplies are readily available, and disruptions minimized. Policy directs that the URead MoreIndonesia Is An Archipelago Nation Consisting Of More Than1591 Words   |  7 Pagesthe Second World War Indonesia declared independence. After the Indonesian Independence Revolution, the Dutch granted Indonesia sovereignty in 1949 (Ricklefs 1991) (Reid (1973). Indonesia is the world’s third-largest democratic state, and has the world s fourth-largest population (UN 2016). In addition, Indonesia is the most populous Muslim country, where a relaxed form of Islam blends well with its secular style of democracy (CIA 2017) (UNSDIR 2009). Regional Influence Indonesia s economy is theRead MoreSustainability and Walmart1602 Words   |  7 Pagescompany. That is the case with Walmart. According to Walmart (2013), the company has been issuing a Global Responsibility Report since 2005. This report covers many areas of importance to Walmart such as talent development, healthier foods, and stakeholder engagement, but there is one area of importance that has been a key area of improvement for the past few years. Walmart has invested a large amount of energy, time, and money in the area of environmental sustainability. A project this big needs a specializedRead MoreOil Crisis : An Essential Element Of Our Modern Community1390 Words   |  6 Pagesis the top economy country in this world. In American history, Americans recognize three oil crisis, or energy crisis, which happened in the years of 1973,1979, and 1990. The first oil crisis, which is in October 1973, begin with an announcement by the members of Organization of Arab Petroleum Exporting Countries (OAPEC/OPEC) on October 17, 1973, of an oil embargo against all the country that supported Israel in the Yom Kippur War, including the United States. OPEC is an Organization consistingRead MoreAnalysis Of Earth s Blanket 1253 Words   |  6 PagesMcKay GEO 1021 October 5, 2014 Earth s Blanket A great deal of chapter nine in our book, Discovering Physical Geography, discusses the various climates that exist within our world. As the chapter goes on, the book explains the past climate changes due to the numerous fluctuation in Earth s average temperature. One well known theory, the Milankovitch theory, explains that the fluctuation of Earth s temperature are due to the long-term variations in Earth s orbital eccentricity, tilt, and axialRead MoreGlobal Warming Is The Biggest Problem Of The World Or Face Imminent Destruction? Essay1416 Words   |  6 Pagesproblem in the world or face imminent destruction. Since the industrial age, the Earth’s temperature has risen 2 degrees celsius.(Sutter, 2) Humankind has shaped the Earth to what it is today by destroying land, building factories, real estate, burning fossils fuels, and even by just driving a motor vehicle around. This all led to the epidemic we call today as global warming. Taking a stance to make a change agains t global warming is very important but it also might be too late. Global warming is realRead MoreThe Issue Of Global Warming1504 Words   |  7 PagesDear World, I want to talk about something affecting you all. It’s about global warming. This issue will more than likely take away from everyone in the end, or at least humanity’s efforts to be a greater civilization, if you don’t take care of it. My question is, why aren’t you? For billions of years your Earth withstood countless hardships and has since lived among the cosmos, but now it’s going to be intoxicated and fall ill in a manner of hundreds of years, because of you? Global warming is theRead MoreGlobal Warming And Its Effect On Communities, Health, And The Climate972 Words   |  4 Pagesand the climate. It is Global Warming which can be defined as the constant heating of Earth s surface, oceans and atmosphere. In order to understand global warming, the most important basic is to figure o ut how the of greenhouse effect plays an important part in its development. The greenhouse effect is caused by increased levels of carbon dioxide (CO2) that trap heat in the atmosphere that keeps the Earth warm. The information this text will discuss is the meaning of global warming, the causes, and

Lvmh in the Recession the Substance of Style Free Essays

http://www. economist. com/node/14447276 LVMH in the recession The substance of style The world’s biggest luxury-goods group is benefiting from a flight to quality, but the recession is also prompting questions about the company’s breadth and balance Sep 17th 2009 | Paris | from the print edition * * Bloomberg â€Å"THERE are four main elements to our business model—product, distribution, communication and price,† explains an executive at LVMH, the world’s largest luxury-goods group. We will write a custom essay sample on Lvmh in the Recession the Substance of Style or any similar topic only for you Order Now â€Å"Our job is to do such a fantastic job on the first three that people forget all about the fourth. For decades LVMH’s formula has worked like a spell: seduced by beautiful status-symbols, perfect shops and clever advertising, millions of people have swooned forgetfully towards the firm’s cash registers. At Louis Vuitton, LVMH’s star company, the model’s pricing power has yielded consistent profit margins of around 40-45%, the highest of any luxury-goods brand. These days customers are finding it far harder to forget about price. The seriously rich, of course, are still spending freely. But much of the industry’s rapid growth in the past decade came from middle-class people, often buying on credit or on the back of rising house prices. According to Luca Solca of Bernstein Research, 60% of the luxury market is now based on demand from â€Å"aspirational† customers rather than from the wealthy elite. The recession has quickly reversed the trend to trade up, and people are delaying expensive purchases. Bain Company, a consulting firm, expects the industry’s sales to fall by a tenth in 2009, to â‚ ¬153 billion ($225 billion). Some executives even expect a lasting shift in customers’ preferences, towards discretion and value. Bernard Arnault, chairman and chief executive of LVMH, believes that the whole industry needs to rebrand itself. â€Å"The word luxury suggests triviality and showing off, and the time for all that has gone,† he says. Brands which sold â€Å"blingy† easy-to-sell products, milking old names, he says, will fare particularly badly in the new environment. LVMH, by contrast, has never taken such an approach, he says, instead emphasising quality, innovation and creativity. To underline these values, the group is going back to basics in its daily operations. â€Å"Before the crisis, we were putting a lot of energy into beautiful stores, but now we care a bit less about expanding our network and even more about design and price,† says an executive. A few years ago, for instance, at the height of the boom, one LVMH brand was putting diamonds all over its watches, so that it was almost difficult to tell the time. â€Å"Now we are getting back to what really matters, which is nice movements and design,† he says. For some luxury firms, the recession’s effects have already been brutal. Private-equity firms and other outside investors which rushed into the industry at its peak have suffered most. â€Å"At the top of the market this industry was perceived as easy by outsiders,† says Mr Arnault. â€Å"You borrowed 80% of a target’s asking price and hired a good designer, but the strategy has not been successful in several cases. † Lenders to Valentino, an Italian fashion house, are reportedly trying to renegotiate its debt. Permira, a private-equity group, bought the firm in 2007 in a deal valuing it at â‚ ¬5. billion. Permira has since written down its equity investment of about â‚ ¬900m by more than half. Prada Holding, through which Miuccia Prada and her husband control Prada Group, another Italian house, recently restructured its loans in order to defer payment to banks. Prada Group has denied that there are talks to bring in a minority shareholder. Two parti cularly weak firms, Christian Lacroix, a Paris-based ready-to-wear and haute couture label which used to be part of LVMH, and Escada, a German maker of luxury womenswear, filed for bankruptcy earlier this year. Amid this turmoil, LVMH is performing relatively well (see chart 1). It has benefited from an established pattern in the luxury industry: when people have less, they spend what they do have on the best quality. Shoppers are going for fewer, classic items—one Burberry raincoat, rather than three designer dresses, or a single Kelly bag by Hermes, a French luxury-goods group, instead of four bags from various lesser designers. For this reason, says Yves Carcelle, chief executive of Louis Vuitton and president of fashion and leather goods for LVMH, â€Å"Vuitton always gains market share in crises. As reliable and sturdy as one of its own handbags, therefore, Vuitton is carrying LVMH fairly comfortably through the recession. In the first half of 2009 the group’s revenues were about the same as a year before, though profits were 12% lower. Two divisions—wine and spirits, and watches and jewellery—were the worst affected: their revenues each fell by 17% and the ir profits by 41% and 73% respectively (see chart 2). Rapid de-stocking by retailers exacerbated the effect of falling demand. But the falls were offset by Vuitton, where revenue rose by a double-digit percentage, registering gains in every market. â€Å"It is incredible that in a downturn the consumer still buys so many Louis Vuitton bags, but she or he does,† says Melanie Flouquet, luxury-goods analyst at JPMorgan in Paris. Vuitton’s performance, and the overall robustness of LVMH, a global conglomerate with more than 50 brands and revenues of â‚ ¬17. 2 billion in 2008, should allow it to take advantage of its competitors’ weakness in the recession. In the next few years we expect several failures in the industry and good opportunities to acquire assets at attractive prices,† says Mr Arnault. Shareholders in the firm are particularly preoccupied by what he might buy and sell in the next few years. What explains Vuitton’s resilience? Beneath the gloss of advertising campaigns, catwalk shows and each season’s fleeting trends, Vuitton brings a machine-like disciplin e to the selling of fancy leather goods and fashion. It is the only leather-goods firm, for instance, which never puts its products on sale at a discount. It destroys stock instead, keeping a close eye on the proportion it ends up scrapping (which it calls the â€Å"destruction margin†). In 2005, when Maurizio Borletti, owner of several prominent department stores in Italy and France, was preparing for the opening of a refurbished La Rinascente department store in Milan, he recalls, the Vuitton people built a scale model of the building in their offices to understand customer flows and get the best positioning. â€Å"In this they’re the most professional in the industry,† he says. Unlike most other luxury marques, Vuitton never gives licences to outside firms, to avoid brand degradation. Its factories use techniques from other industries, notably carmaking, to push costs down ruthlessly and to allow teams of workers to be switched from one product to another as demand dictates. It has adopted methods of quality control, too: one quality supervisor came from Valeo, a French auto-parts supplier. The result is long-lasting utility, beyond show, which is valuable in difficult times. Owning shops gives Vuitton control over levels of stock, presentation and pricing. It was not therefore affected by the panicked price-slashing of up to 80% by American luxury department stores in the run-up to Christmas last year—a â€Å"catastrophe† for others in the industry, according to Mr Arnault. Although other LVMH divisions have been hit by outside retailers de-stocking during the crisis, Vuitton has managed its own inventory, with no competition for space from other brands. With a global network, says Mr Carcelle, the firm can move poorly selling stock to shops where it has performed better. The luxury of diversity Vuitton’s ability to offset the steep falls in other divisions shows the value of the diversified conglomerate model in luxury goods. Richemont, the industry’s second-largest company, has a less varied portfolio and greater exposure to watches and jewellery, demand for which has been especially weak. According to a recent trading statement, its sales fell by 16% in the five months to the end of August. A group structure also yields savings when negotiating deals for advertising space, property and credit-card fees. It helps to have a specialist beauty retailer, Sephora, and a chain of airport shops, DFS, to sell perfumes and cosmetics. When Vuitton develops watches, say, it can call on the talents of TAG Heuer. But LVMH’s breadth also comes in for criticism. Although there is undoubtedly value in some diversification, some people ask whether 50-odd brands under one roof are too many. Vuitton, for instance, would doubtless like to see disposals of weaker brands as a result of the crisis, and a greater concentration of resources on the group’s key businesses. The group’s executives devote the bulk of their attention to the most important of these: Louis Vuitton, Moet Hennessy in drinks, TAG Heuer in watches, Christian Dior in perfumes and cosmetics, Sephora and DFS. The group has many smaller businesses, and these get much less attention in such a big group. LVMH does not disclose financial figures for individual brands, but at its presentation of first-half results the group’s finance director replied to an analyst asking about fashion and leather-goods that a â€Å"handful† had lost money â€Å"somewhere†. There is speculation that Celine, a ready-to-wear clothing and accessories label, Kenzo, a fashion brand which analysts have long suggested LVMH dispose of, or Loewe, a Spanish leather-goods brand which has so far failed o win much of a following outside Spain and Japan, are among the less profitable. Nevertheless, the group can use the might of Vuitton to support its smaller, upcoming brands. A department store, for instance, may be asked to take Loewe or Celine in order to get Vuitton. That often frustrates people at Vuitton, however, who would prefer to use the power of the brand for its own benefit, says a person who knows the company well. â€Å"They’ve never heard of another of LVMH’s brands saying, ‘Either give this to Vuitton or I won’t come’,† he says. Apart from the synergy in watch design, Vuitton does not find that it benefits much from the rest of the group. The reason why LVMH has many small brands which aren’t quite making it, says another person familiar with the company, is that Mr Arnault is an optimist who believes that every property can at some point be turned around. That can pay off: some years ago Mr Arnault halted the imminent sale of a make-up line. Thanks to the distribution muscle of Sephora, it has since turned into a bestseller in America. Investors, however, are nevertheless wary of what they see as Mr Arnault’s tendency to collect brands. The crisis has also underlined the fact that Vuitton dominates the group’s results. Were it not for Vuitton, estimates one analyst, LVMH’s sales would have fallen by 3% in the first half of 2009 and profits would have plunged by 40%. In normal times Vuitton contributes about half of the group’s profits, and most of the rest comes from Moet Hennessy. In the first half of this year, however, Vuitton contributed an estimated 70% of profit. That leads some people to question whether LVMH is overly dependent on the leather-goods firm. â€Å"You can argue that there’s nothing as good as Vuitton in LVMH’s portfolio,† says Pierre Mallevays of Savigny Partners, who was formerly director of acquisitions at LVMH, â€Å"but that simply states the fact that LV’s business model is the gold standard of luxury brands; no other brand in the world compares to it. † The biggest risk to LVMH is Vuitton, argues Ms Flouquet, since it accounts for such a big proportion of profits; the company depends on it, she says. The risk to Vuitton, in turn, is that it could fall out of fashion or lose its exclusivity in the eyes of consumers. So far there is no sign of fatigue with the brand. LVMH’s senior managers have devised ways to refresh it. In the late 1990s, for example, Mr Arnault saw that there was a risk that as a maker of leather goods alone, Vuitton could be perceived as boring. In 1997 he hired Marc Jacobs, then a relatively unknown designer, to design a fashion line. The aim was to generate seasonal buzz and press coverage. Vuitton’s senior executives at the time were against the idea, fearing that adding fashion could undermine a timeless image, but Mr Arnault’s move proved successful. To avoid overexposure of its signature â€Å"Monogram† print, Vuitton has taken care to develop a wide range of products and other patterns. â€Å"We increase the number of product lines and we are careful to have several different colours and shapes,† says Mr Arnault. Thus Vuitton sells reasonably priced handbags—the smallest Speedy Bag costs â‚ ¬430 in Paris—but also wildly expensive custom-made luggage, reinforcing its exclusive image. Another effective tactic is to make limited-edition handbags which are hard to get hold of. Five or so years ago Vuitton depended to a large degree on one market, Japan. Most Japanese women owned at least one Vuitton product—and hence provided a large proportion of Vuitton’s profits, which worried analysts at the time. Yet the Japanese market for luxury goods was souring. Spending on such items in Japan has fallen sharply since the end of 2005, according to a recent report by McKinsey, a consulting firm. Young women are more individualistic than their mothers, and are seeking out lesser-known brands. You used to see thousands of Vuitton bags coming at you in the Ginza shopping district but far fewer now,† says Radha Chadha, author of a book, â€Å"The Cult of the Luxury Brand: Inside Asia’s Love Affair with Luxury†. That reliance on one country is no longer so marked (see chart 3). Fortunately, Vuitton has since rapidly established a strong position in what it hopes will become another Japan: China. â€Å"The Chinese consumer is in a love affair with the Vuitton brand,† says Ms Flouquet. According to LVMH, in the first half of 2009 sales to Chinese people (at home and travelling) made up 18% of Vuitton’s revenue. Despite widespread concerns about counterfeiting in the country, the Chinese are now Vuitton’s biggest customer base after the Japanese. The key to the firm’s success, says Mr Arnault, has been approaching the market exactly as if it were a developed market. â€Å"We treat the Chinese customer as being very sophisticated. † Many competitors, by contrast, have at times lowered their standards for shops in China, he says, using inferior furniture or positioning their stores poorly. Going into new markets and developing new product lines will enable Vuitton o continue producing double-digit growth for years to come, says Mr Carcelle. On every trip to mainland China—he makes five or six a year—he tries to discover a new city and meet its mayor. Mr Carcelle is also tackling other new frontiers: in October he will open a shop in Sukhbaatar Square in Ulan Bator. â€Å"Already if you go to an upmarket disco in Ulan Bator you will see a significant number o f our bags,† he says. Vuitton’s expansion into China, Mongolia and new product lines such as watches and shoes, suggest that the leather-goods firm will continue to be LVMH’s main source of growth. However, it also means that the group may become more rather than less reliant on Vuitton. In theory, the answer could lie in strengthening some of LVMH’s smaller names, such as Fendi, a fashion and leather-goods brand. But buying a big, established, global brand with potential for growth could be both a quicker and a surer route. Or maybe that oneImagineChina A new collection? Analysts and bankers are convinced that Mr Arnault wants to buy the Hermes Group, a producer of leather goods and fashion which matches Vuitton for quality and design. Because Hermes is run so conservatively, says an investment banker who knows LVMH well, it is only a quarter of the size that it could be. â€Å"Mr Arnault would grow it while preserving its values,† he says. Earlier this year, there were rumours that LVMH would sell Moet Hennessy to Diageo, the world’s biggest spirits group, which already owns 34% of the business. Such a sale could raise money to buy Hermes. Mr Arnault, however, refuses to be drawn into commenting. For the moment, such an acquisition is impossible, since the family which controls Hermes does not want to sell, and the firm is strongly defended against takeover. Nevertheless, says the banker, the family which controls it has several branches, all with different views. â€Å"It’s a pressure cooker and some day it will blow up,† he says. Chanel, another closely held global luxury brand, could also make a desirable target for LVMH. Some people recommend a merger with Richemont, which, Mr Solca argues, would address LVMH’s relative weakness in watches and jewellery. Any such deals, or selling Moet Hennessy, would radically change the balance of the group. â€Å"I would be surprised if LVMH sold Moet Hennessy. The business has high margins, high ashflow and it is well managed,† says Ms Flouquet. â€Å"They would probably only sell it if they had a large deal ahead. † Shareholders are nervous that LVMH will pay too high a price for a large acquisition. For this reason the group’s valuation may not fully reflect its performance during the crisis. Such concerns are not likely to deter Mr Arnault, who has dem onstrated his confidence in LVMH’s prospects in luxury by raising his stake in the group over time: he owns 47%. If LVMH does go shopping, it will probably behave like one of its best customers: with price in mind, but willing to spend on enduring prestige. How to cite Lvmh in the Recession the Substance of Style, Papers

Business Law and Ethics Case Study of Charlene †Free Samples

Question: Discuss about the Business Law and Ethics Case Study of Charlene. Answer: Discussion As per the case study, Charlene who is the yoga instructor is defendant and Skye who is student, is plaintiff. At the time of yoga session Skye skidded her left foot to the table, toppling the urn and steamer onto her body. Therefore, hot tea, towels and appliances scolded her skin and now she want to sue the defendant Charlene and claim the remedies. According the scenario of the case, Charlene change the yoga class schedule for own requirement and 45 numbered students attain the class and therefore the lack of space arise. The plaintiff who has found small space near the table where the defendant has keeps the hot tea and towels. She slipped and burned her skin. Here, the defendant has a duty of care towards her students. She breaches her duty of care toward the plaintiff[1]. The defendant knows that the floor of the hall is slippery. She might have provided rubber shocks to everybody and asked to wear it but not mentioned the purposes to use it at the time of yoga. The plaintiff decides not to wear the shocks because it is mismatching to her dress and slipped on the floor. It is the duty of the defendant[2] to aware her students to wear the shocks while they are performing the yoga. She failed to do her duty. Now the plaintiff can ask for the damage because she has damage. It is a case of negligence where duty of care[3], breach of the duty, damages and remedieslaw can be applied. Whereas, when defendant mentioned ever student to wear the shocks while they performing the yoga, the plaintiff must follow the proper instruction. Here, the defendant can defense himself by using thelaw of contributory negligence as per the scenario of the case[4]. Negligence is the part of tortlaw where the person is failing to provide the proper reasonable care to avoid causing injury or loss to other person. When plaintiff sue defendant for negligence, he or she must satisfy the facts of negligence[5]. Those are: There must be a circumstance of duty of care from the defendant. When plaintiff sues the defendant, she must prove the negligence behavior of the defendant where he or she failed to provide the proper duty of care. For the negligence, the plaintiff has suffered any damages or injury for the negligence by the defendant. The plaintiff must prove the facts that the damage was caused for breach the duty of care by the defendant. Donoghue v Stevenson 1932 is one of the famous case of negligence where the plaintiff sued the defendant for breach the duty of care. In this case, the defendant failed to provide proper service to the plaintiff and breach the duties of care. Plaintiff ordered a bottle of bear in the restaurant while she drinking the beer, she found a dead snail in the bottle and get mentally shock and fall ill. That moment she decides to take an action against the manufacturer of the beer. The court stated that the person who is in a relation whom can be considered as a neighbor by stating that a person who can be directly or closely affected by the act of the person and the person could reasonably foresee that his acts could harm the other. Therefore, it is justified to give compensation to the plaintiff for the damages. The defendant may not relate with the manufacturing the beer but he have duties as a service provider to the customer where he failed to provide the service and breach the duty of care. He is liable for the negligence[6]. The defendant conduct a yoga class in Melany School of Arts Building and plaintiff is one student of her from the yoga class. For conducting the yoga class Charlene need a spacious room so she take two class per week and each of the class consist of 25 students. The floor of the hall room was so sleepy therefore, she provide imported socks with rippled rubber sole to every students which prevent them from slip at the time of yoga. Skye who is the plaintiff in this case regularly attain the yoga class. Charlene cancels one of the yoga class and for replacement of that class she offered for an extra class to the students. As hall room has lack of space, the room was crowded. Skye arrived late in the yoga class because she had to attain a party and drink three glass of wine. When she arrived the hall room, she found small place beside the table for her and decide not to wear the socks as per the instruction of the defendant therefore she slipped and burned her skin with hot tea and hot towel. Here as per the situation, though the defendant breach her duty of care because it is her duty to look after to every student while they are performing yoga. The plaintiff who is liable for her own injury because when the defendant instructs everyone to wear the shocks, she ignored the instruction. She ignored the rules and slipped due to the slippery floor. As per thelaw of negligence, the plaintiff is also liable for her injuries in yoga class. Here, the defendant can use the defense of contri butory negligence where it is include that when the plaintiff and the defendant both are liable for the negligence and the damages can be negotiate. In the cases of Revill v Newbery[1996][7] and Nettleship v Weston[1971][8] the contributory negligence was establish successfully. The Pitts v Hunt [1990] is another case where the plaintiff was liable for 100% harm towards to him. Here, the liability arises when the wrongdoer is adjusted based on the percentage of contributory negligence made by the plaintiff. It is also important that when plaintiff is liable for 30% of damage towards to him then the defendant have to pay the rest 70% of compensation for the damages that has been allocated to the plaintiff. Court only allows the remedies when they found that the defendant is liable for any damages. British Transport Commission v Gourley [1956][9] is a case where court give order that the plaintiff should not provide any damages from the defendant because the amount of the compensation was more than he suffer the loss. When a damage occurred by negligence by any person then remedies can be claimed. The courts generally provide the compensations of monetary as per the law of tort. Tankship (UK) v Morts Dock and Engineering Co (The Wagon Mound) (1961) is another case of negligence where breach of the duty of care[10] occurred therefore the plaintiff claim the remedies from the defendant[11]. As per the case study, it is found that the defendant had breach her duty of care to her student. When she has knowledge that the hall room space was not enough for 45 students for yoga, she arranges the class. She provide hot herbal tea and hot towel during the yoga session therefore when she keep those things in the table she might know it will may cause of any damage if those fall into somebodys skin. When she arranges the class, she also need to look after the students that they are having proper space for yoga. However she fails to do that and in this case the plaintiff equally liable for the negligence because when the yoga instructor give instruction to wear the shocks, she does not follow the instruction. Therefore, for the negligence she is equally liable. When she comes to the class, she was drunk also. However, as per the scenario, she slips because of not wearing the socks. She is also liable for her own injury[12]. According the defenses of the negligence the defendant can defense using the contributory negligence. The plaintiff is also partially liable for the negligence[13]. the defendant is liable for the breach of the duty of the care when she is in her duty and failed to provide proper service to the plaintiff[14]. The remedies for the negligence can negotiate and the plaintiff is liable for the 30% of damages and the defendant will give 70% compensation for the damages[15]. As per the case study, it can be concluded that the negligence was occurred for both the plaintiff and the defendant. The defendant has satisfied all the terms of negligence therefore he is liable for the damage whereas, the plaintiff is also liable for contributory negligence in this case. Therefore, the remedies for the negligence would provide as per the principals of the contributory negligence[16]. References Abraham, Kenneth.The forms and functions of tort law. West Academic, 2017. British Transport Commission v Gourley [1956] AC 185 Cusimano, Gregory S., and Michael L. Roberts. "Contributory Negligence and Assumption of Risk."Alabama Tort Law1 (2016). Donoghue v Stevenson 1932 AC 562 Gifford, Donald G., and Christopher J. Robinette. "Apportioning liability in Maryland tort cases: Time to end contributory negligence and joint and several liability." (2014). Goudkamp, James, and Donal Nolan. "Contributory Negligence in Practice." (2016). Goudkamp, James, and Donal Nolan. "Contributory negligence on appeal." (2017). Gregory, William A. "The Fiduciary Duty of Care: A Perversion of Words."Akron Law Review38.1 (2015): 6. Kilner, Tim. "When Discharging a Patient at Scene Can Lead to a Claim of Clinical Negligence." (2014). Levy, Neil M., Michael M. Golden, and Leonard Sacks.Comparative Negligence, Assumption of the Risk, and Related Defenses. Vol. 1. California Torts, 2016. Nettleship v Weston[1971] 3 WLR 370 Pitts v Hunt [1990] 3 All ER 344 Revill v Newbery[1996] 2 WLR 239 Rhee, Robert J. "The Tort Foundation of Duty of Care and Business Judgment." (2013). Tankship (UK) v Morts Dock and Engineering Co (The Wagon Mound) (1961)