logo
Lego executive and friend of Denmark's Queen Mary dies in skiing accident

Lego executive and friend of Denmark's Queen Mary dies in skiing accident

Yahoo15-04-2025

Michael Halbye, Lego executive and friend of Denmark's Queen Mary, died on Saturday after a fall during a skiing session, according to Kirkbi, a management company that owns The LEGO Group. He was 64.
Halbye fell while skiing in the Verbier region of the Swiss Alps, Danish newspaper Ekstra Bladet reported. He was airlifted to a hospital and died of internal bleeding, Kirkbi said in a Monday statement.
The 64-year-old was a member of the Kirkbi board of directors since 2020, and served as vice chairman of the company since 2022. Kirkbi is a Danish investment company that manages the Kirk Kristiansen family's wealth, which founded the LEGO Group in 1932.
In a statement, the Kirk Kristiansen family said it is "in deep mourning."
"Our thoughts and care go to Michael's family and loved ones, who are now faced with having to process the unexpected loss of a man who in all facets of life has left a great and positive impression on those around him," Thomas Kirk Kristiansen said. "We will miss Michael as Vice Chairman but first and foremost as a person."
Halbye was a friend of Queen Mary of Denmark, serving in the board of directors for her foundation, the Mary Foundation. The foundation's mission is to fight social isolation.
The queen bid farewell to her friend in a statement posted Monday to the foundation's page, saying that "he will be missed by many."
"Michael Halbye was a man who possessed a rare positive energy, extensive knowledge and a strong commitment to making a difference for those outside the community," the queen said.
This article was originally published on NBCNews.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

3 Terrible Companies To Lose $5 Billion in Federal Green Energy Loans
3 Terrible Companies To Lose $5 Billion in Federal Green Energy Loans

Yahoo

time8 hours ago

  • Yahoo

3 Terrible Companies To Lose $5 Billion in Federal Green Energy Loans

In the last days of the Biden administration, the Energy Department dolled out billions of dollars for politically favored green energy projects. The Trump administration is looking to claw this funding back. The Energy Department is getting ready to "cancel seven major loans and loan guarantees that had been conditionally approved under the Biden administration," reports Semafor. This action will cancel approximately $5 billion worth of funding for a transmission project by a New Jersey utility company, a loan program for low-income homeowners to install rooftop solar panels by Sunnova, and a Monolith Nebraska factory to produce low-carbon ammonia. The remaining four projects, which collectively received over $3 billion, include three battery factories and a plastics and recycling facility, which "were already previously cancelled by their companies because of other various headwinds," according to Semafor. The three active projects that will have their federal loans axed have faced their own share of problems. In September 2023, Sunnova received a $3 billion partial loan guarantee from the Energy Department's Loan Programs Office (LPO) for Project Hestia—a program that would make residential rooftop solar, battery storage, and virtual power plants "available to more American homeowners." Hestia was expected to provide loans to as many as 115,000 homeowners in the United States and Puerto Rico for these technologies, while creating "3,400 good-paying, high-quality American jobs." After receiving the federal loan, Sunnova came under fire for its alleged history of predatory practices and scamming elderly clients, which led to subsequent congressional scrutiny. In April, Sunnova began filing for bankruptcy. The company recently said it was no longer planning to use the programming funding and was working with the Energy Department to return the remaining guarantees. Monolith received a $953 million conditional loan guarantee from the LPO to accelerate its clean hydrogen and carbon utilization project in Nebraska. The company, which has received backing from BlackRock and NextEra Energy and was valued at over $1 billion in 2022, creates hydrogen fuel with renewable energy (which can be used to make ammonia in fertilizers) and carbon black. Despite the federal funding and private sector support, The Wall Street Journal reported in September 2024 that the company was "running short on cash and facing project delays." The third project facing the ax is New Jersey's Clean Energy Corridor, "a project to upgrade and expand transmission infrastructure to accommodate planned generation in New Jersey to meet growing electricity demand." Run by Jersey Central Power & Light Company, the project received a conditional loan guarantee of up to $716 million in January to support the state's goal of "introducing 11,000 MW of offshore wind-generated electricity by 2035." When First Energy, which owns Jersey Central, first announced the project in 2022, Danish energy company Orsted was planning two large wind projects off New Jersey's coast. The projects were canceled in 2023. Another New Jersey offshore wind project was recently halted after the Environmental Protection Agency rescinded the project's environmental permits. Despite these project cancellations and the LPO's history of questionable and risky investments, it does not appear that the office is going away soon; Energy Secretary Chris Wright recently told lawmakers that his agency would use the LPO to advance nuclear energy projects. Assuming Wright fully cuts billions of dollars worth of wasteful projects and narrows the agency's scope to only fund nuclear power projects, it's possible that the LPO's budget—which ballooned to over $400 billion under the Biden administration—could meaningfully shrink. Still, a meaningfully reduced budget is not enough. With the national deficit climbing to over $28 trillion in debt held by the public, taxpayers can no longer afford to support the federal government's fantasy that it should be a green bank. The post 3 Terrible Companies To Lose $5 Billion in Federal Green Energy Loans appeared first on Sign in to access your portfolio

The Saddest NYC Restaurant Closures in June
The Saddest NYC Restaurant Closures in June

Eater

time8 hours ago

  • Eater

The Saddest NYC Restaurant Closures in June

This is Eater's guide to all the New York City restaurants, bars, and cafes that closed in June 2025 (see: May , April , March , February , and January ). This list will be updated weekly and is a round-up of the dining and drinking places that have shuttered around the city. If a restaurant or bar has closed in your neighborhood, let us know at ny@ June 5 East Village: Danish pastry bakery Sweet Cake appears to have closed its Manhattan location, as reported by EV Grieve, sometime this spring. Its Flushing location remains open. 215 First Avenue at East 13th Street Greenwich Village: Critically acclaimed Japanese Peruvian restaurant Llama San is closing this week after six years this week. Its last day will be on Saturday, June 7. Chef Erik Ramirez and Juan Correa are still operating Llama Inn in Brooklyn and the recently opened Papa San, both with similar Japanese Peruvian approaches. 359 Sixth Avenue, at West Washington Place . Harlem: Japanese comfort food restaurant Chopped Parsley closed on Saturday, May 31. Owner and chef Yumika Parsley, who opened her restaurant in 2015, had been recounting her issues with the address's management on Instagram, writing that she was told she wasn't able to renew the lease back in March. 500 West 146th Street, near Amsterdam Avenue Herald Square: Martinique Hotel restaurant B&L Diner has closed sometime in May. The space had been co-partner Franklin Becker's restaurant the Press Club Grill, but that closed in September 2024 to become this diner later that fall by Becker and chef Stephen Loffredo. The hotel's other dining and drinking spots include newcomer dessert shop Sweet Graffiti, cocktail bar the Bronze Owl, and the B&L Bakery. 1262 Broadway between 32nd and 33rd streets Long Island City: Queens Chinese speakeasy 929 Speakeasy closed on Sunday, May 18. The team is going to relocate the cocktail bar, which opened in 2021, to a new address sometime later this year, per its website. The team also turned the current address into a new bar, 56709, with cocktails and Japanese City pop music. 42-45 27th Street, between 42nd Road and 43rd Street Upper West Side: Chinese dry hot pot restaurant 108 Food Dried Hot Pot closed sometime this past spring, as reported by West Side Rag. Former Eater NY critic Robert Sietsema raved about the restaurant when it opened in 2017. 2794 Broadway at West 108th Street Upper West Side: Family-run Mexican restaurant Taqueria y Fonda is closing on Saturday, June 7, as reported by I Love the Upper West Side. Owner Jorge Lopez had sold the restaurant because of 'rising rents,' per the website. The restaurant had opened back in 1999. 968 Amsterdam Avenue, between West 107th and 108th streets Sign up for our newsletter.

Under Pressure: Can Fashion's Sustainability Efforts Survive?
Under Pressure: Can Fashion's Sustainability Efforts Survive?

Business of Fashion

time8 hours ago

  • Business of Fashion

Under Pressure: Can Fashion's Sustainability Efforts Survive?

Every year, fashion's climate campaigners descend on Copenhagen for the Global Fashion Summit, the industry's highest-profile sustainability gathering. The event, which is typically dominated by large brands offering up a relentlessly optimistic prognosis on the industry's climate efforts, was unusually downbeat this year. Many of fashion's biggest companies were noticeably absent — a function of squeezed travel budgets and fear (few executives appeared willing to weigh in on an increasingly politically charged topic where there is little positive to say). To be sure, advocates for a greener, kinder fashion industry have quietly acknowledged that the movement was struggling for a while. But they held out hope that moves to toughen up regulation would keep forcing things forward. This year, that has all but evaporated. A rightward swing in Europe has prompted a regulatory rollback in the name of competitiveness. Brussels is pushing to cut red tape and simplify pioneering environmental reporting and due diligence requirements in a move critics argue undermines the legislation. 'Europe has failed,' Danish brand Bestseller's stakeholder engagement and human rights manager, Claus Teilmann Petersen, said during a panel discussion teeing up the summit. 'I see this battle as being… kind of lost.' Then there is the active threat posed by the Trump administration, which has pulled the US out of the Paris Climate agreement, slashed funding from programmes focused on labour rights and climate action and launched a chaotic trade war that has plunged much of the industry into survival mode. Instead of looking for progress, many in the space are just trying to figure out what can be saved. 'There's this sort of paralysis that's happening right now,' the American Apparel and Footwear Association's senior director for sustainability Chelsea Murtha told the summit. 'Everyone's trying to figure out what can we continue to hold onto.' What Next? On the sidelines, many insiders acknowledged the movement is running on fumes. Already some companies are making small sustainability sacrifices in the name of economising, opting to switch out pricier lower impact materials for cheaper, more conventional ones, I was told. Attendees said expected companies to largely stay the course with programmes already in place, but acknowledged the uncertainty was likely to slow future action. It's not clear where new momentum could come from. Until there's more clarity on tariffs, the industry is holding a collective breath. The EU is still pushing forward with regulations that would set more sustainable design and recycling requirements, but these have yet to be fully defined. Alongside the usual calls for more collective action and innovation, there was a greater focus on the importance of advocacy in favour of policies that could lend fresh support to fashion's climate efforts. 'We need to have courage,' said slow fashion pioneer Eileen Fisher. 'We have to do more and show up and collaborate more.' The real remaining wild card is climate change itself. This year is once again on track to be one of the warmest on record. Increasingly extreme weather is a threat to raw material supply chains, worker safety and retail traffic. So far, disruptions from floods, wildfires and searing heat have not led to significant disruptions for the industry. Still, with future costs of climate change expected to mount into the trillions of dollars in the future, fashion may come to regret complacency today. THE NEWS IN BRIEF FASHION, BUSINESS AND THE ECONOMY (Getty Images) Gucci owner Kering is in talks to sell its stake in a $1 billion Fifth Avenue property. The negotiations to sell the 115,00-square-foot property which Kering purchased last year to buyout group Ardian are part of the French luxury group's strategy to cut costs and sell stakes in prime real estate to shrink its debt, Reuters reported. Lululemon cut its annual profit forecast as demand slows amid looming tariffs. Despite new product offerings, the activewear company's sales momentum is lagging behind that of competitors like Alo Yoga and Vuori. Stock plummeted 12 percent in after-market trading on Thursday. Prada acquired a 10 percent stake in Italian leather group Rino Mastrotto. Under the deal, which comes as the Italian luxury group aims to shore up control over its production processes, Prada will give the Renaissance Partners-backed leather group a cash investment of undisclosed value and two tanneries. Cartier reported some customer data was stolen in a cyberattack. The Richemont-owned jeweller's client information, including email addresses, countries and names, was obtained by cybercriminals after its website was hacked. The incident is the latest in a wave of cyberattacks on retailers. Rent the Runway forecast double-digit subscriber growth in 2025. Shares rose 12 percent Thursday afternoon after the rental service announced it had ended its most recent quarter with a record number of active subscribers. Year-on-year revenue fell 7.2 percent to $70 million. De Beers drew interest from ex-CEOs as Anglo started its sale. Anglo American Plc plans to begin a formal sales process for De Beers, the final step in its restructuring plan. Former De Beers CEOs Gareth Penny and Bruce Cleaver, and Australian miner Michael O'Keeffe are reportedly each leading groups of potential buyers. A Skechers shareholder sued the company over details on the $9.4 billion 3G buyout. The shareholder alleged founder and controlling shareholder Robert Greenberg to have 'controlled the sales process to a single bidder and deprived the minority stockholders of any legitimate bidding process,' according to the legal complaint. Shein was hit with a complaint from an EU consumer group over 'dark patterns.' Pan-European consumer organisation BEUC filed a complaint with the European Commission on Thursday, citing 'aggressive commercial practices' like pop-ups, notifications and countdown timers that pressure people to make a purchase on Shein's app and website. Victoria's Secret said a cyber incident led to its temporary website shutdown. The intimates chain said it detected an information technology systems-related security incident, which caused it to shut down its website between May 26 and May 29. The incident did not impact its first-quarter financial results. Temu's daily US users have halved following the end of the 'de minimis' loophole. The site's daily US users plummeted 58 percent in May. Both Temu and Shein have suffered a severe drop in sales and customer growth rates since US President Trump announced sweeping trade tariffs and the end of low-value duty-free shipments from China. Sotheby's will auction an original Hermès bag that belonged to Jane Birkin. The black leather handbag, which was initially commissioned in 1984 for the late singer before being commercialised under her name, will be made available for sale in Paris on July 10. THE BUSINESS OF BEAUTY (Huda Beauty) Huda Kattan bought back Huda Beauty. Iraqi-American beauty influencer Kattan regained full ownership of her eponymous brand after buying back a minority stake that private equity firm TSG Consumer Partners had held since 2017. L'Oréal is reportedly poised to acquire Medik8. The Financial Times reported that the British skincare brand's current owner, private equity group Inflexion, and L'Oréal are close to finalising an agreement. Procter & Gamble will cut 7,000 jobs over two years. The manufacturing company announced it would cut about 6 percent of its global workforce, with plans to exit some categories and brands in individual markets. PEOPLE () Nike's CEO finished his C-suite makeover with a former McDonald's executive. McDonald's senior VP Michael Gonda will join the world's largest sportswear brand as chief communications officer in July, the latest leadership reshuffling under the turnaround strategy of CEO Elliott Hill, who rejoined Nike from retirement in October. Better Cotton appointed Nick Weatherill CEO. Weatherill, a former International Cocoa Initiative executive director, will succeed longtime CEO Alan McClay. The 20-year-old sustainable cotton initiative now certifies a fifth of the world's cotton production, but is amping up its oversight following criticism that its standards are too lenient. Kiko Milano named Drew Elliott its chief brand officer. Elliot, the former MAC Cosmetics global creative director, will assume the chief brand officer role on Sept. 1. The appointment comes as the Italian cosmetics company looks to expand its presence in the US market. Violet Grey named a former Bluemercury executive as group president. Tracy Kline will join the beauty retailer as group president on June 9, overseeing the company's team, supply chain, stores, merchandising and marketing. Longtime beauty editor Jane Larkworthy died at 62. Larkworthy, who served as the beauty director of W magazine and more recently as a columnist for New York Magazine's The Cut, is credited as the editor responsible for popularising Le Labo's Santal 33. She died on Wednesday after a battle with cancer. Compiled by Jessica Kwon.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store