Coty lands sweet smelling $12bn Procter & Gamble beauty deal July 9, 2015 In a transaction valued at $12.5bn (£8.1bn), multinational consumer goods company Procter & Gamble (P&G) has agreed to sell 43 of its brands to global beauty products manufacturer Coty. The various brands acquired by Coty include Max Factor, Hugo Boss and Lacoste, and all compete in the hair care, retail cosmetics and fine fragrance sectors. [...]
Fifa crisis: Interpol issues red notice putting Jack Warner, Nicolás Leoz, Alejandro Burzaco, José Margulies, Hugo Jinkis and Mariano Jinkis on most wanted list June 3, 2015 Six former Fifa officials, including Jack Warner, have been placed on Interpol's most wanted list under charges including racketeering, conspiracy and corruption. A red alert, the highest possible apart from an international arrest warrant, was issued this morning on behalf of the US. As well as the Trinidad and Tobago official and former [...]
SVG Capital puts Hugo Boss back on the sales rack but keeps focus June 1, 2015 SVG Capital netted £287m over the last three months as the private equity firm completed its divestiture of Hugo Boss shares it emerged yesterday. In addition, the firm said it had partially sold down its stake in Arysta LifeScience and expected to make at least one new investment commitment and further co-investments this year. The [...]
Uber eyes move into luxury deliveries April 30, 2015 UBER is eyeing its first foray into retail with plans to launch a new luxury shopping delivery service as it seeks new ways of tapping into its huge inventory of drivers around the world. The controversial taxi app has already been trialling a new courier service, called UberRush, in New York, letting customers request a [...]
Is Uber planning an on-demand service for luxury shopping deliveries? April 29, 2015 Uber could be delivering more than just people from A to B: the controversial taxi app is said to be eyeing a move into shopping deliveries. Not just any kind of delivery, though – Uber doesn't want to be the next Ocado. It wants to deliver luxury brands such as Louis Vuitton, Tiffany's, Hugo Boss [...]
Quicker ground will be no problem for Shifting Power April 23, 2015 ALTHOUGH all the attention this weekend is on AP McCoy, there is some cracking flat action at Sandown Park this afternoon. The place to start is the bet365 Mile (2.30pm) and the bookies are struggling to split the leading contenders, with the sponsors offering 4/1 co-favourites of four. I actually think it is a little [...]
Profits crumble 63 per cent at investment firm SVG Capital March 23, 2015 INVESTMENT manager SVG Capital’s distributions soared in 2014 despite slow growth, the firm said yesterday. SVG offered shareholders a company record of £330m in distributions for the year, up over £25m since 2013. SVG’s partial selldown of Hugo Boss shares and selling of ProSiebenSat.1 Media contributed to the gains. However, SVG’s 2014 pre-tax profit of [...]
From the solar eclipse and the Budget to the FTSE 100 hitting 7,000: Here’s what got us talking this week March 20, 2015 There was a solar eclipse and toxic smog. There was a red box. And there was a lesser-spotted yellow box. Here's what got us talking this week. 1. The FTSE 100 hit 7,000 for the first time After what felt like weeks of playing hard to get, the FTSE 100 finally gave it [...]
Permira offloads remaining ‡1bn stake in Hugo Boss March 16, 2015 German fashion house Hugo Boss is parting ways with its investor Permira after the private equity firm launched a sale of its remaining €1bn (£720m) stake last night. Permira has been gradually cutting its holding in Hugo Boss after acquiring a majority stake in 2007. The investment vehicle Red and Black – which is 60 [...]
Premier League: Rooney delivers knockout blow to Tottenham March 15, 2015 MANCHESTER UNITED 3 TOTTENHAM HOTSPUR 0 CAPTAIN Wayne Rooney made light of his home boxing video controversy after helping Manchester United muster their best display under manager Louis van Gaal to overwhelm Tottenham yesterday. Rooney, Michael Carrick and Marouane Fellaini all scored in a whirlwind first half as United bounced back from FA Cup exit [...]