Moncler owner Eurazeo builds on consumer brands success to launch dedicated division investing up to €800m, headed by former Victoria’s Secret COO Jill Granoff June 1, 2017 French private equity giant Eurazeo, which owns fashion brands such as Moncler, Desigual and Farfetch, is to stamp its mark on the consumer brands sector by launching a dedicated division. The investment firm, which is listed in Paris, will transfer €600m to €800m from its own balance sheet for the new Eurazeo Brands initiative. It [...]
LV= mulls merger or disposals as its profit takes a hit from capital rules March 14, 2017 One of the largest financial services mutuals in the UK has held secret talks over a potential merger with Royal London. LV=, which has nearly 6m UK customers across insurance, pensions and income protection products, has now called off the talks as the firms couldn’t agree on the structure of a deal, reported Mark Kleinman, [...]
10 things to look forward to in London in 2017 January 6, 2017 Forget 2016; here's what you need to look forward to in London in 2017 1. Nordic Matters Festival, Southbank Centre The Southbank Centre is planning to explore all things Nordic through 2017, with some scandi-tastic special events. Think Moomins, Lego, hygge, saunas and gastronomic treats like cinnamon buns, pickling and curing — alongside the most [...]
Cast of the Trainspotting sequel gather for the film’s world premiere December 20, 2016 The cast of the Trainspotting sequel have gathered in Edinburgh for the film's world premiere. When it was released in 1996 Danny Boyle’s adaptation of Irvine Welsh’s source novel Trainspotting was a worldwide success and a cultural phenomenon. Twenty years on director Danny Boyle has reunited the original cast for the sequel T2: Trainspotting. T2: [...]
Peter Stringfellow on closing Angels, Theresa May, virtual reality clubs and setting up a lingerie range September 5, 2016 The floor of Peter Stringfellow’s office at Angels, his legendary Soho club, was strewn with packing boxes last week. In case anyone imagined his office to be an extension of the club – all leopard print, velvet and disco balls – it isn’t. It’s just a normal office. I visited him on Thursday; on Saturday, [...]
Losses mount at US department store Sears as it takes another cash injection August 25, 2016 US department store Sears has posted another loss for its latest quarter, setting it on the way to its seventh consecutive year in the red. To make matters worse Sears has had to again dip into its chief executive’s hedge fund for a cash injection, helping itself to $300m (£227.4m) in debt financing from ESL Investments. Adding to the [...]
Victoria’s Secrets owner L Brands’ second quarter results beat expectations August 17, 2016 Victoria's Secrets owner L Brands' shares jumped in after-hours trading after it shook off retail industry woes with rising sales and earnings. The company, which also owns Pink and Bath & Body Works, reported comparable sales rose two per cent to $2.89bn in the second quarter ended 30 July. During this period it opened seven [...]
The chief executive of Sempertex explains how he came to head up the third-largest latex balloon manufacturer in the world July 18, 2016 Before his “epiphany” in 1978, Oswald Loewy had been studying chemical engineering. “One day, I suddenly realised that it was time to return home and work in the family business. My father was unwell and, although I’m one of seven, I was the eldest – the others were too young to help.” Now middle-aged, the [...]
Horse racing betting: Worth following Andrew Balding’s Secret Hint on the Roudee May 26, 2016 The dust has settled on the Roudee following Chester’s May meeting and on Saturday horses descend on the unique track for the second time this month. It’s tough to find winners on such a competitive card, at a course where you need plenty of luck in running, but Berkshire-based Andrew Balding has been a trainer to [...]
All I want for Christmas is…: Christmas gift requests on Twitter reveal Apple, Nike and Victoria’s Secret as most popular brands December 24, 2015 What did you put on your wishlist this year? Thanks to the wonders of technology, we may be able to guess. Santa may be making his list and checking it twice, but as for the rest of us, we seem to be making our lists and then tweeting them twice. As social media analytics firm [...]