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Deficient management leads INDITEX on the verge of fail
BUCHAREST,
ROMANIA - Zara wants to cover losses from theft with employees’
money.
The management, theft and losses give headaches to the Spanish
group INDITEX, the owner of the ZARA chain. Only 10 months before, on
July 25th, 2011, the publication Ziarul Financiar
announced the fact that “INDITEX takes the manager from the
Douglas perfumeries” pointing at Paul Cuza, who previously had
the function of General Manager for Parfumerie Douglas SRL.
Currently, the Romanian INDITEX group performs salary and structural
changes without precedent, which the management team from Bucharest doesn’t want to explain.
The problem of the clothes theft is a known phenomenon, especially
when it comes to expensive brands such as ZARA or Massimo Dutti. The
phenomenon was publicly recognized even by the management of the
INDITEX Group Romania, two years before. Probably worried by this
fact, Mihai Cioltea, the development manager of the INDITEX Group
from Romania, also named by the press as “the Zara man”,
stated in 2010 for the economic website InCont the following: “They
steal a lot. Only for the stores in Bucharest we have 10 cases of
stealing per day, which we discover and, depending on the severity,
we call the police”.[...]
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---------------- U.S. SECURITIES AND EXCHANGED COMMISION
----------------------------
|F O R M 5| Washington, D.C. 20549 |OMB APPROVAL |
|--------------------------|
Check this box if ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP |OMB Number 3235-0362|
[ ] no longer Subject |Expires:September 30,1998|
to Section 16.
|Estimated ave. burden |
|hours per response.....1.0|
[x] Form 3 Holdings Rep. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
----------------------------
Section 17(a) of the Public Utility Holding Company Act of 1935 or
[X] Form 4 Trans. Rep. Section 30(f) of the Investment Company Act 1940
------------------------------------------------------------------------------------------------------------------------------------
|1.Name and Address of Reporting Person* |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to |
| | | Issuer (Check all
Applicable) |
| Micek Greg V. | JVWeb, Inc. "JVWB" |[X] Director [X] 10% Owner |
[X] Officer
|----------------------------------------|------------------------------------------------|---
|
| (Last) (First) (MI)|3.IRS or Soc. Sec. No. |4.Statement for Month/ | Other |
| | of Reporting Person | Year |---(give title below)
---(Specify below)|
| | (Voluntary) |
| |
| 5444 Westheimer, Suite 2080 | | October, 1999 |President |
| | |
| |
|----------------------------------------|
|------------------------|----------------------------------------|
| (Street) | |5.If Amendment, Date of |7. Individual or
Joint/Group Filing |
| | | Original (Month/Year) | (Check Applicable Line) |
| | | |
| | | | x Form filed by One Reporting Person |
| | |
|--- |
| Houston Texas 77056 | | | Form filed by More than One |
| | | | --- Reporting Person |
|----------------------------------------------------------------------------------------------------------------------------------|
| (City) (State)
(Zip) |
| TABLE I - Non-Derivative Securities Acquired, Disposed of or
Beneficially Owned |
|----------------------------------------------------------------------------------------------------------------------------------|
|1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of Indirect|
| (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Own.| Beneficial |
| |(Mon/Day/Yr)|(Instr.8)| (Instr. 3, 4 & 5) | Beneficially |Form| Ownership |
| | | | | Owned at End of|(D) | (Instr. 4) |
| | | |-------------------------------| Issuer's |or | |
| | | | |(A) | | Fiscal Year |(I) | |
| | | | Amount |(D) | Price | (Instr. 3 & 4) | | |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
| | | | | | | |
| |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
|Common stock, par value $.001 | | | | | | |
| | 6/30/99 | |300,000 | D | * | 5,750,000 | D | |
| |
|-------------------------------|------------|---------|----------------|----|---------|-----------------|----|--------------------|
* The shares were exchanged for outstanding promissory notes held against the
issuer having an aggragate principal amount of $200,000 or $0.667 per share
exchanged.
Reminder: Report on a separate line for each class securities owned directly or
indirectly. SEC 2270 (7-97)
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
PAGE: 1 OF 2
|
FORM 5 (continued) TABLE II - Derivative
Securities Acquired, Disposed of,
Beneficially Owned (e.g., puts, calls,
warrants, options, convertible security)
------------------------------------------------------------------------------------------------------------------------------------
|1.Title of|2.Conver-|3. |4.Tran- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature |
|Derivative|sion or |Trans| saction| Derivative |Exercisable| of Underlying |Derivative|of |Own.| of |
|Security |Exercise |Date | Code | Securities |and | Securities |Security |Derivative|Form|Indirect |
|(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or |Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial|
| |Deriva- | Day/| | Disposed of (D) |Date | | |Benefi- |Deri|Ownership |
| |tive |Year)| | (Instr. 3, 4 & 5) |(Month/Day/| | |cially |Sec.|(Instr. 4)|
| |Security | | | | Year) | | |Owned at |Dir.| |
| | | | | |-----------|---------------------| |End of |(D) | |
| | | | | | | | |Amount or | |Year |or | |
| | | | |---------------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| |
| | | | | (A) | (D) |Exbl.|Date | |Shares | | |(I) | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | |
| | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | |
|Common | | | | 300,000 | |Now |11/30| |2,000,000 | |2,000,000 | D | |
| Option | | | | | | | /02 | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
|----------|---------|-----|---------|----------|----------|-----|-----|----------|----------|----------|----------|----|----------|
Explanation of Responses:
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Greg V. Micek 10/13/1999
-------------------------------------- ----------
**Signature of Reporting Person Date
Note: File three copies of this form, one of which must be manually signed.
If space provided is insufficient, see Instruction 6 for
procedure. SEC 2270 (7-97)
Potential persons who are to respond to the collections of information contained
in this form are not required to respond unless the form displays a currently
valid OMD Number
PAGE: 2 OF 2
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