Latest news with #Schupbach
Yahoo
10-04-2025
- Business
- Yahoo
‘Pre-tariff pricing': Local pool industry adjusts to tariffs
CHEEKTOWAGA, N.Y. (WIVB) — As the global trade war plays out, some local businesses are warning consumers of 'pre-tariff pricing,' saying prices could potentially increase in the future. People are starting to prepare for pool season, as it's just months away. WIVB News 4 stopped by Gary Pools and Leisure in Cheektowaga to see what the potential impacts of tariffs could be. When President Donald Trump initially announced a 25 percent tariff on Canada, which would've affected prices at Gary Pools because many of their pools come from Canada, the business stocked up. The tariff was then scaled down to goods that are not covered under a free trade agreement, and most goods from Canada are not subject to the tariff. Todd Schupbach, the president of Gary Pools, said they are seeing more customers getting ahead of lower prices. 'There will be a little bit of a lag until all of the dust settles and the details are worked out,' Schupbach said. 'Most of our customers are purchasing product that is in stock already on a pre-tariff basis because they have certainty as to what the cost will be and the availability will be, so right now it's kind of a rush to get the existing stuff that's in the pipeline.' Schupbach said it's tough to know what the financial impact will be on pools because pool packages have multiple vendors. He added that they're not passing the cost on to the consumer right now, but they have received letters from distributors with price increases and those costs could be passed on to consumers. The last time Gary Pools dealt with tariffs was in 2020 on Chinese products during Trump's first term when patio furniture prices increased. 'It made it closer to American-made stuff, so I've seen a shift to more of my American-made products in the patio furniture category selling and less of the Chinese-made products selling,' Schupbach said. Schupbach said products that are made in the U.S., such as swimming pool chemicals, gas grills, smokers and pool tables, will not see price increases. Jeff Preval is an award-winning anchor and reporter who joined the News 4 team in December 2021. See more of his work here. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Trade Arabia
24-03-2025
- Business
- Trade Arabia
Chedi Hospitality plans residences, new hotel brand
Chedi Hospitality has unveiled its refreshed brand identity, outlining ambitious plans to reinvigorate its portfolio. Marking a pivotal evolution in its legacy of crafting exceptional hospitality experiences while building upon the heritage of GHM, the brand will strengthen and reinvent its legacy brand, Chedi, expanding into private residences, and developing a new hotel brand: Serai. The transition to Chedi Hospitality, under the leadership of CEO Stephan Schupbach, reflects the group's vision to extend its expertise beyond luxury hotels, embracing a multi-faceted approach to high-end living and experiential travel. The new logo pays homage to the original meaning of 'Chedi'—a place of peace deeply connected to the four elements. It uses elemental shapes to form a custom typography, harmoniously uniting to symbolise connection, shelter, and discovery, said a statement. Schupbach takes the helm at Chedi Hospitality, bringing nearly four decades of leadership experience across both the owning and operator sides of the luxury hospitality industry. Recognised for his ability to drive strategic growth and pioneer brand direction, Schupbach has played a pivotal role in shaping high-profile hospitality ventures worldwide. His vision for Chedi Hospitality is to build on its legacy of excellence while expanding into new market segments, ensuring the company remains at the forefront of the evolving luxury landscape. With a strong focus on partnerships -- spanning investors, developers, and industry collaborators -- Schupbach aims to position Chedi Hospitality as a dynamic force in the sector. This year, the group will unveil a series of developments across its portfolio, reinforcing its commitment to innovation, elevated service, and long-term value creation. 'Chedi Hospitality marks the next chapter in our story -- one that honours our heritage while embracing a future of boundless possibilities. The Chedi name has long been synonymous with timeless design, exceptional service, and a deep connection to place. As we move forward, we introduce a new expression of our ethos: A Voyage Unbound -- a journey beyond convention, beyond borders, and into a future where every destination tells a story waiting to be discovered.' says Schupbach. 'Across Chedi Hotels, The Chedi Private Residences, and our new ventures, we are committed to delivering distinctive, high-value experiences that set new industry benchmarks. Together with my team who are dedicated to shaping the future of luxury hospitality, I look forward to collaborating with our partners and stakeholders to define the next chapter of Chedi Hospitality.' Chedi Hospitality is strategically strengthening its strongholds in Europe, Africa, and the Middle East while simultaneously extending its global reach. This approach is evidenced by recent milestones, including the opening of Chedi Hegra in AlUla, a UNESCO World Heritage Site, and The Chedi Private Residences in Dubai. Further solidifying its position, Chedi Hospitality has advanced discussions for new landmark developments planned within its established regions, including Switzerland, Germany, Saudi Arabia, and the Indian Ocean, alongside expansion into East Asia with forthcoming projects in Japan and China. Under Schupbach's leadership, Chedi Hospitality will remain committed to setting the benchmark for luxury travel, delivering highly personalised, enriching experiences for discerning guests. Supporting him in this endeavour is a strong leadership team, including: • Monica Chng, leading as the Chief Financial Officer and has been with the group since 2008, playing a key role in financial planning and risk management. • Leanne Reddie, with over two decades of industry expertise across luxury hotels and aviation brands, serves as Chief Commercial Officer responsible for driving sales, profitability and revenue growth. • Mark Burns joins as Chief Design & Construction Officer, contributing his expertise to developing exceptional properties and ensuring that both new and ongoing developments meet Chedi Hospitality's high-quality standards. • Karim Bizid, Regional Vice President of Operations and General Manager of Chedi Muscat with extensive luxury hotel experience across the region, leads our Middle East operations. • Andrea Zampolini, as Vice President of Operations will focus on enhancing the culinary and dining experiences and cultivating partnerships with exceptional food, dining and beverage operators. • Rosemarie Tacorda, Vice President of Brand Communications, brings a wealth of expertise in brand strategy, public relations, and integrated marketing.
