Harrods executive takes a trip stateside to join Hudson’s Bay September 17, 2013 HARRODS chief merchant Marigay McKee will become president of Saks after the Canadian retailer Hudson’s Bay acquires the upscale US department store operator. Saks also said that chairman and chief executive Stephen Sadove and president and chief merchant Ronald Frasch are set to leave the company once it is acquired by Hudson’s Bay The $2.4bn [...]
The Chic Geek’s guide to fashion: intellectualisation May 23, 2014 Raf Simons T-shirt, £155, mrporter.com (click the image to buy) Fashion labels want to have an intellectual conversation about your jeans. What do your style choices say about you? To some, fashion is just a way to hide your nakedness. It’s about putting a shirt on your back, adding a tie if you have to, [...]
How to sweet talk your way onto the shelves at Harrods August 11, 2013 Annabel Palmer talks trade fairs and sherbet lemons with the founders of premium confectionary company Jealous LUXURY confectionary brand Jealous has been in a year-long hiatus following a modern-day tale of David versus Goliath. Like many startups before it, the company has been tied up in a trademark tangle with a market leader, and [...]
Recreating the glamour of a desirable postcode April 24, 2014 New homes in Kensington and Chelsea hope to woo buyers looking for English courtyards and grand staircases THE ROYAL borough of Kensington and Chelsea is known the world over for its class and finesse. Even its pensioners are renowned for their grand, military attire. A new development of apartments and penthouses at 375 Kensington High [...]
Confessions of a shopaholic: Debt-struck Glencore splashes out on Caracal Energy April 14, 2014 Miner trader Glencore Xstrata has today agreed to buy Chad-focused oil company Caracal Energy for around $1.3bn (£780m), usurping a potential deal between Caracal and Canada’s TransGlobe Energy. City A.M. understands that the FTSE 100 firm will fund the acquisition with some of the proceeds from the (upwards of) $6.25bn sale of Peruvian copper mine [...]
Rowland’s old wheels are on sale for a steal April 8, 2014 IF YOU fancy getting your hands on a piece of British business history we might have just the ticket. The Capitalist has caught wind that the late and controversial billionaire Tiny Rowland’s Bentley is up for sale…and it’s on Autotrader. The Bentley Continental R Coupe is in pristine condition, has only had three owners and a [...]
Sir Philip makes market return with Mysale IPO May 29, 2014 RETAIL tycoon Sir Philip Green is set to make a return to the stock market for the first time in 22 years after Australian flash sales site Mysale confirmed its intention to float yesterday, with a value of more than £300m. The Topshop owner has bought a 25 per cent stake in Mysale for £47m [...]
What the other papers say this morning – 12 February 2014 February 11, 2014 FINANCIAL TIMES Planners seek cash for fast ruling Westminster Council has sought permission from the Treasury to accept cash payments from property developers to speed up their planning applications and resolve backlogs in what could become a template across London. In a joint letter to George Osborne the leader of Westminster council, deputy London mayor [...]
London style: Iconic British looks from the brands behind London Collections June 26, 2014 Our exclusive City A.M. Bespoke photoshoot celebrates some of the most iconic looks by the brands who exhibited their wares at the menswear showcase, from 1960s mod-inspired styles to the grimy punk borrowed from the late 1970s. Brilliant fashion minds such as Lou Dalton take these genre classics and reimagine them for a new generation; [...]
I mince pie with my little eye… December 17, 2013 This week, we salute the humble mince pie. They’re as much a part of a British Christmas as Buck’s Fizz, crackers and pigs in blankets. Here, the City A.M. team gives their verdict on the best luxury pies in the run up to the big day Konditor & Cook Mince Pie Dozen 7.8/10 With the [...]