Rebohs keep salons all in the family

Article Abstract:

Femme Coiffure, a Montreal, Quebec-based hair salon chain, has expanded to Toronto, Ontario, and Miami, FL, the two place where most of its customers leaving Montreal go. A family-owned business, Femme Coiffure opened its Toronto site in February 1998 on a 6,000-sq-ft space in Hazelton Lanes. The Toronto location offers both hair salon and spa services, with prices ranging from C$60 for a simple hair cut to C$645 for one of the salon's major spa packages. The smaller Miami location opened in the opulent Bal Harbour shopping mall. Co-owner and co-manager Marcel Reboh is joined by his eight brothers and sisters in running the salon. Reboh's client list includes famous celebrities, such as supermodel Claudia Schiffer and Duchess of York Sarah Ferguson.

Comment:

Expands with new shops in Toronto, Ontario, & Miami, FL, the two place where most of its customers leaving Montreal go

Florida, Ontario, Beauty Shops, Beauty Salons, Femme Coiffure

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CIBC Oppenheimer closing down struggling Wall Street arbitrage unit

Article Abstract:

CIBC Oppenheimer Corp., the US brokerage arm of Canadian Imperial Bank of Commerce, has closed its arbitrage operation. The move is part of the company's move to reduce the company's recent losses. The shut down followed the resignations of Eric Rosenfeld, the managing director leading the arbitrage unit, and senior researcher Michael Martino. Industry sources put the losses of the arbitrage unit in the mid-20%, although some are putting the figure higher. The three remaining employees at the closed arbitrage unit will be given jobs, according to CIBC World Markets spokesperson Debra Douglas. The arbitrage unit account for less than 5% of the $1.4 billion private assets managed by Oppenheimer's investment partnership group.

Comment:

Closes its five-person arbitrage operation as part of reducing losses

United States, Securities Brokerage, Securities Trading, Securities industry, CIBC Oppenheimer Corp.

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Cominco's Faro deal frees it from liability

Article Abstract:

Cominco Ltd and the Canadian government have reached an agreement that gives the company control of the inactive Faro lead and zinc mine in the Yukon. The agreement calls for the creation of a trust by Cominco, the Yukon government and the Department of Indian Affairs and Northern Development to provide funding and manage the mine until it is in compliance with environmental laws. Cominco's responsibility will include the development of a reclamation plan and mine plan.

Canada, Lead Ore and Zinc Ore Mining, Lead Mines, Cominco Ltd.

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