An “unforgettable” networking evening courtesy of JCEM

JCEM President Olivier Mura, Michel Bouquier, Head of Monaco Private Label and Senior Advisor at the Ministry of Finance and Economy, Laetitia Mikali organiser of JCEM Business Time Networking Cocktail and Sir Stelios Haji-Ioannou, founder of the Stelios Philanthropic Foundation and Chairman of easyGroup
JCEM President Olivier Mura, Michel Bouquier, Head of Monaco Private Label and Senior Advisor at the Ministry of Finance and Economy, Laetitia Mikail organiser of JCEM Business Time Networking Cocktail and Sir Stelios Haji-Ioannou, founder of the Stelios Philanthropic Foundation and Chairman of easyGroup. Photo: Philippe Fitte

A Business Time Networking Cocktail hosted by the Monaco Junior Chamber of Commerce (JCEM) on Thursday, June 29, was, as the organisers had promised, “an unforgettable event”.

It was the first time the association held Business Time Networking, what JCEM President Olivier Mura described as “chosen subjects in chosen locations”, completely in English and, for many of the 180 attendees, it was a first-time visit to Stelios’ sprawling portside terrace.

Photo: Philippe Fitte
Photo: Philippe Fitte
Laetita Milaki and Michel Bouquier. Photo: Philippe Fitte
Laetita Mikail and Michel Bouquier. Photo: Philippe Fitte

Organised by JCEM’s Director of Business Network Events Laetitia Mikail, a solicitor at Moores Rowland who is both well-connected and highly regarded, the cocktail-conference on Entrepreneurship and Philanthropy brought many fresh faces to the English-speaking networking circuit, a feat not unnoticed by Sir Stelios, amongst others, who welcomed the opportunity to network with new business people.

Two speakers addressed the audience for ten minutes. Mr Michel Bouquier, Head of Monaco Private Label and Senior Advisor at the Ministry of Finance and Economy, presented the history of Monaco Private Label. The invitation-only ultra-exclusive membership was the idea of the former head of Monaco Tourism to give young, wealthy and respectable families the red carpet and show what Monaco has to offer.

Monaco Private Label, which has no website, allows 1600 family card holders from 46 countries, 7 days a week contact, from subjects as varied as medical to leisure. “Reactiveness is key,” stated Mr Bouquier.

Monaco Private Label believes that networking is part of philanthropy and unites members through global challenges, including support of the Prince Albert II of Monaco Foundation.

Sir Stelios Haji-Ioannou, founder of the Stelios Philanthropic Foundation and Chairman of easyGroup, also spoke, reminding the audience it was thanks to a loan from his wealthy father that he was able to get easyJet off the ground at the age of 28, and that this would have been much harder to do on his own.

Stelios, the first Monaco resident to commit to the Giving Pledge (“Let me make clear that I am not leaving half my fortune to Bill Gates…”), talked about Entrepreneurship and the 1,000 registered trademarks within the Easy Group, and the importance of using the Easy name within the trademark sector.

Sir Stelios Photo: Philippe Fitte
Sir Stelios Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte

In the first half of 2017, the Easy Group had a competition with a £10,000 prize for best “easy” ideas. Five submissions were chosen – easyDogwalker, easyGuidewalker, easyGift, easyTennis and easyConveyance – and Stelios hinted that another contest may take place in 2018.

The founder of the Gustavia Yacht Club then addressed Philanthropy. His Foundation supports scholarships and charities in four countries “close to home” – Monaco, the UK, Athens and Cyprus. The Foundation also supports a program in the UK, a £50,000 incentive for a handicapped entrepreneur.

Fabrice Marquet of the new MonacoTech Incubator and Accelerator program and Justin Highman, Director of Monaco Invest, were also present. Partners of the event were YourPrivateDriver, BSI Bank, First Class Organisation and Studio Gentile.

Fabrice Marquet, left. Photo: Philippe Fitte
Fabrice Marquet, left. Photo: Philippe Fitte
Justin Highman, left. Photo: Philippe Fitte
Justin Highman, left. Photo: Philippe Fitte

The Junior Chamber of Commerce is a non-profit organisation that counts 200,000 members, between the age of 18 to 40, worldwide. More than 120 countries are involved, forming 5,000 local chapters that embrace the group’s mission to provide development opportunities to empower young people to create a positive change in our world.

The next JCEM event is an English Public Speaking Workshop on Thursday, July 6, led by Alicia Sedgwick, a City-trained lawyer with an extensive public speaking and presentations background to help shape and organize public speaking and presentation skills to engage listeners. To register click here.

Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte
Photo: Philippe Fitte

Article first published July 2, 2017. Images: Philippe Fitte

 

Judicial pact signed with Italy

Philippe Narmino, Director of Judicial Services ,
L-R: Philippe Narmino, Director of Judicial Services, HE Christian Gallo, Italian Ambassador to Monaco, and Gilles Tonelli, Minister for Foreign Affairs and Cooperation. Photo: Charly Gallo/DC
L-R: Philippe Narmino, Director of Judicial Services, HE Christian Gallo, Italian Ambassador to Monaco, and Gilles Tonelli, Minister for Foreign Affairs and Cooperation. Photo: Charly Gallo/DC

The government has made an agreement with the Italian authorities to enable closer cooperation in legal matters.

The accord will facilitate cooperation between the two countries by putting in place an Italian magistrate whose mission will be to liaise between the two judiciaries.

Gilles Tonelli, Minister of Foreign Affairs and His Excellency Christian Gallo, the Ambassador of Italy in Monaco, signed the agreement on Friday, June 30. The ceremony took place in the presence of Philippe Narmino, Monaco’s Director of Judicial Services.

To access Italian Business News, another daily news service from Monaco Life, which will keep you up to the minute on finance, banking and wealth management news from Italy, click here

READ ALSO

News

READ ALSO

News

Airlines named for not compensating passengers, BA faces more problems

Photo: Josh Hallett
Photo: Josh Hallett

Ryanair is not alone in allegedly cheating passengers out of millions of euros in compensation for flight delays. According to UK consumer magazine Which?, Norwegian, Thomson and Emirates are among the worst offenders, along with British Airways.

Passengers flying from the EU or with an EU airline are entitled to €250 (1,500 km or less), €400 (more than 1,500 km within the EU) and €600 (all other flights between 1,500 and 3,500 km).

BA had 1,166 flights delayed by more than three hours last year and was advised by the UK’s Civil Aviation Authority to pay up in 48 percent of cases.

One of the problems is that airlines in Europe have 28 get-out clauses when it comes to paying compensation for delays, including the catch-all “operational reasons”. However, there are several specialist agencies that can take up the case for individual passengers and push a claim for compensation directly with the airline, albeit taking a hefty commission in the process.

In the meantime, there is more trouble looming at BA this summer with the latest strike of cabin staff having started on Saturday, July 1.

Howard Beckett, Unite Assistant General Secretary, said that BA has penalised cabin staff who went on strike earlier this year and promised that the latest stoppage will last for 16 days.

He added: “Unite believes the divisive way British Airways has targeted striking members of cabin crew is unlawful. The airline should be under no illusion of Unite’s intent to pursue justice on behalf of its members all the way to the highest court in the land.”

There have been 26 days of strikes at BA since January cantered on pay differences between “mixed fleet” crew (those who joined BA after 2010) and longer-serving cabin crew. It remains to be seen how much disruption the current strike will have on BA’s European routes.

READ ALSO

News

READ ALSO

News

Uniforms for École de la Condamine

Photo: Charly Gallo/DC
Photo: Charly Gallo/DC

An information meeting for the parents of students ages 6 to 8 of classes CP, CE1 and CE2 in September has just been held at the École de la Condamine.

The purpose of the assembly was to inform parents about the new test dress code for the next school year, as the government is introducing school uniforms progressively. By wearing uniforms, students in the Principality will benefit from the feeling of belonging to a group and a particular school in Monaco.

The Prince’s government launched a tender for 12 companies based in the Principality, and three responded to provide white short-sleeved and long-sleeved polo shirts, as well as a hooded navy blue zip jackets. Among the conditions imposed in the tender was the need to have a point of sale in Monaco for the convenience of customers.

 

READ ALSO

News

READ ALSO

News

Mbappe rumoured to be leaving for top English club

Kylian Mbappe
Kylian Mbappe scores team’s 150th this season in all competitions. Photo: Facebook AS Monaco
Kylian Mbappe scores team’s 150th this season in all competitions. Photo: Facebook AS Monaco

Prince Albert, who was present for Saturday’s first leg of the Tour de France, was asked by France 2 about whether Kylian Mbappé, AS Monaco’s young superstar, will stay in Monaco: “Kylian wants to stay and we want him to stay,” the Prince told the news channel.

“Discussions are in progress, a solution must be found,” he added.

Yet AS Monaco’s coach Leonardo Jardim has himself cast in doubt whether the club will be able to hold onto Mbappe.

While just a few days ago it appeared the 18-year-old attacker might move to Real Madrid, there have been reports at the weekend that Arsenal is considering an offer of almost €140 million.

Also Speaking on Saturday, Jardim said: “Every trainer in the world wants to keep their best players, but it’s not always possible.

“We will see what happens but the most important thing now is to focus 100% on our work, and to help develop the youngsters and later we will see who we have.”

However, Jardim held out hope that Mbappe might stay. “We want to keep him,” he said.

Bernardo Silva, Nabil Dirar and Valere Germain have already left, while Thomas Lemar, Fabinho, Tiemoue Bakayoko and Benjamin Mendy have all been reported as possible transfers away from Monaco.

“I hope to keep the right players,” he said. “It is not just me, all the coaches of the world would like to keep the best players. But with the Monaco project, maybe it’s not possible to always keep the best. We’re going to look at what’s going to happen.

“Three players left. Other players could leave us. Everyone knows our project. It did not change even if we have won the title. The project is the same. The goal is still win. Nothing changed.”

READ ALSO

News

READ ALSO

News

 

Ritz-Carlton sailing into St Barts from 2019

Photo: Facebook The Ritz-Carlton Hotel Company
Photo: Facebook The Ritz-Carlton Hotel Company

Ritz-Carlton is planning to set sail with its own fleet of custom-built luxury yachts offering bespoke cruises with 7- and 10-day itineraries.

Each of the 190m custom-built modern-decor yachts will be able to accommodate up to 298 passengers with 149 balcony suites, and provide activities with local chefs – one of the restaurants is being developed by three-star Michelin chef Sven Elverfeld, from the Aqua Restaurant in the Ritz-Carlton Hotel in Wolfsburg, Germany – artists and musicians, and will include a Ritz-Carlton Spa.

Doug Prothero, managing director of the Ritz-Carlton Yacht Collection, told CNN, “It’s a hybrid between luxury cruising and yachting.”

“As one of the smallest, ultra-luxury cruise ships in the market, we will have a ‘marina-style’ platform that will offer direct access to the water, similar to those found on superyachts,” Herve Humler, the Ritz-Carlton’s President and Chief Operating Officer, said in an interview with Forbes.

The first cruise is scheduled to launch at the end of 2019 (reservations open May 2018 although fares and itineraries have not yet been determined) and will travel the Mediterranean, Northern Europe, Canada, Latin America and the Caribbean, and the New England area. The second ship will sail the St Lawrence River and the Great Lakes while the third ship will likely be based in the Pacific.

“The size of our yachts will give us the ability to access and explore smaller ports that larger cruise ships can’t access, such as Portofino, Nice, the Lipari Islands, and St Barts,” said Mr Humler.

Its industry-first brand extension, The Ritz-Carlton Yacht Collection, will set sail in 2019 - disrupting two industries in one fell swoop. “You have to diversify your business,” Ritz-Carlton Chief Executive Hervé Humler told Bloomberg during an exclusive preview. “With the yachts, we wanted to think about where else we could take our customers." Photo: Facebook The Ritz-Carlton Hotel Company
Its industry-first brand extension, The Ritz-Carlton Yacht Collection, will set sail in 2019 – disrupting two industries in one fell swoop. “You have to diversify your business,” Ritz-Carlton COO Hervé Humler told Bloomberg during an exclusive preview. “With the yachts, we wanted to think about where else we could take our customers.” Photo: Facebook The Ritz-Carlton Hotel Company

Although the Ritz-Carlton’s last encounter with “ocean-going travel” was early in the twentieth century, when master chef and founder of the César Ritz, Auguste Escoffier, opened Ritz-Carlton restaurants on ocean liners, the company has been contemplating its entry into the cruise industry for some 12 years, and claims that “405,000 of its guests said in 2016 that they had taken a cruise”.

The company is “hoping to attract those that are new to cruising, guests who would not consider a mainstream cruise but would entertain a highly-curated yacht style experience with Ritz-Carlton”.

“We anticipate interest from the US and European markets right away, and will also focus on attracting guests from China and Japan.”

This will add some waves to the luxury yacht cruise segment, which includes Monaco’s Silversea Cruises, France’s Ponant, Seadream Yacht Club, Windstar Cruises and Crystal’s Esprit.

The Ritz-Carlton Yacht Collection team has been set up in Miami to take charge of this “brand extension”. Mr Humler said that “we are excited to have recruited some of the best in the cruising business who truly understand this industry. The Ritz-Carlton will run the hospitality experience on board the yachts. Our finance partner in this is Oaktree Capital. (We do) not have equity in this venture.”

In addition to penthouse suites on Ritz-Carlton vessels, there will be four different categories and sizes: 14 Signature Suites (550 sqft, balcony 161 sqft), 12 Veranda duplex suites (602 sqft, balcony 64 sqft), 32 Superior Suites (344 sqft, balcony 118 sqft) and 88 Veranda Suites (301 sqft, balcony at 64 sq ft).

READ ALSO

News

READ ALSO

News