YEMEN FIGHTING PUSHES NEARLY 3,000 TO DJIBOUTI IN LESS THAN A WEEK- UN. (PHOTO).

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Yemen fighting pushes nearly 3,000 to Djibouti in less than a week: UN    Nearly 3,000 people have fled Yemen for Djibouti in less than a week as escalating violence drives growing displacement within the country and across its borders, the UN refugee agency said Friday. “Refugees continue to arrive by boat through Obock, Khor Angar, Moulhoule and Godoria after difficult journeys in small vessels,” UNHCR representative in Djibouti Sandrine Desamours told reporters in Geneva, Anadolu Agency reported. More than half of those crossing the Bab el-Mandeb Strait are women and children, while some families have been displaced for a second time after previously fleeing Yemen during the 2015 crisis and later returning. UNHCR is preparing for at least 10,000 new arrivals but warned that capacity is rapidly diminishing. Markazi refugee village, designed for 5,000 people, was already hosting more than 2,700 Yemenis and 1,500 Eritreans. More than 100,000 people have also been displaced ins...
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HERMÈS 80-YEAR-OLD GRANDSON IS SET TO ADOPT HIS 51-YEAR-OLD FORMER GARDENER AND TRANSFERRING SOME OF HIS WEALTH TO HIM.(PHOTO).

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Nicolas Puech, the billionaire grandson of Hermès founder Thierry Hermès, is making headlines with an unusual succession plan.

The plan involves adopting his 51-year-old former gardener as he seeks to pass on a substantial portion of his wealth, estimated to be between 9 billion and 10 billion Swiss francs (between $10.3 billion and $11.4 billion).

Nicolas Puech, the fifth-generation heir to the renowned luxury fashion house Hermès, is reportedly going through legal processes to formally adopt his “former gardener and handyman,” according to the Swiss publication Tribune de Genève.

The individual in question hails from a “modest Moroccan family,” adding a unique and unexpected twist to the unfolding succession saga.

In a strategic move to redefine the beneficiaries of his substantial estate, estimated to include 5% or 6% ownership of the $220 billion-valued Hermès, billionaire Nicolas Puech is undertaking an unconventional succession plan.

The focus of this plan is his former gardener, an unnamed individual from a modest Moroccan family, whom Puech is in the process of legally adopting.

According to reports from the Tribune de Genève, the gardener, married with two children, is poised to inherit a significant share of Puech’s wealth. Already, Puech has transferred ownership of properties in Marrakesh, Morocco, and Montreux, Switzerland, valued at a combined total of €5.5 million ($5.9 million), to his gardener.

The feud with family members who resisted the takeover seems to have influenced Puech’s unconventional choice of heir.


 

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