Agent Provocateur founder Joe Corre: My brand was “dropped like a pair of dirty knickers” March 6, 2017 Agent Provocateur co-founder Joe Corre has branded the £30m sale of the lingerie retailer “a scandal on many levels”. Corre, the son of iconic fashion designer Vivienne Westwood, said his brand was “dropped like a pair of dirty knickers”. Agent Provocateur was put up for sale by 3i in January. Last week, administrators Alix Partners sold the [...]
Scotland’s Aberdeen Asset Management and Standard Life are mulling an £11bn merger March 5, 2017 Two of Britain's top fund managers are in talks about one of the most significant mergers in the City for years, it has been confirmed. Aberdeen Asset Management and Standard Life have been holding talks about a merger which could valued at £11bn, Sky News first reported. The Scotland-based companies employ more than 9,000 people and [...]
Brighton & Hove Albion chief Paul Barber explains off-field strategy of a Premier League club in waiting March 4, 2017 In less than a decade Brighton & Hove Albion have evolved from a mid table League One side playing at a converted athletics stadium to fewer than 10,000 fans, to a Premier League club in waiting who call the state of the art 30,000 capacity Amex Stadium home. Brighton have been amongst the Championship promotion contenders in three of the [...]
The world-famous ski resorts of Vail and Breckenridge are enjoying huge investment. We head up into the Rockies to investigate March 3, 2017 So famous are the Back Bowls of Vail in the skiing world that, this being America, you would expect them to be trademarked. To anyone who loves the rush of downhill skiing, these giant geological saucers 3.5 kilometres up the Rocky Mountains of Colorado, are the Holy Grail of winter sports. In size and scale [...]
A pensions Green deal that needs energy to understand March 3, 2017 The Green deal: a government-sponsored scheme eventually discarded after failing to adequately explain its benefits and providing poor value to participants. I’m referring, of course, to a Tory-Lib Dem coalition energy-efficiency programme, but is it a description which applies equally well to Sir Philip Green’s £363m settlement with regulators over the pension crisis at BHS? On [...]
Sports Direct’s Mike Ashley lands Agent Provocateur deal March 2, 2017 Agent Provocateur has been snapped up by a company part-owned by retail tycoon Mike Ashley, owner of Sports Direct. Alix Partners were appointed as administrators of the company today and immediately sold it to Four Holdings, which is 25 per cent owned by Sports Direct. Ashley fought off private equity firm Lion Capital to secure the deal, and [...]
Exclusive interview with Christian Horner: Formula One’s new owners Liberty Media must grab bull by the horns, says team boss March 2, 2017 Turning into the Tilbrook business park on the outskirts of Milton Keynes, one feels a million miles from the glamour and pizzazz of Formula One – yet here lies the unassuming headquarters of Red Bull Racing, the team led by Christian Horner since its inception nearly 13 years ago. An opulent trophy wall greets visitors, [...]
Christian Horner says Formula One must attract more fans to keep Red Bull in the sport March 2, 2017 Christian Horner, principal of Red Bull Racing, has said his team could quit Formula One if the sport fails to attract more fans. Speaking to City A.M. ahead of Red Bull’s 13th season in F1, Horner said the company "will pay a very keen watching brief to see what is going to be the future [...]
Jaguar Land Rover says the new Range Rover Velar will be built in the UK as a sign of “confidence in British manufacturing” March 1, 2017 Jaguar Land Rover has said the new addition to the Range Rover family, the Velar, will be built exclusively in Britain, as a sign of the "firm's confidence in British manufacturing". The model, which launches later today, will be built at its Solihull manufacturing plant in the West Midlands. JLR, which has plants abroad in China, Brazil, [...]
Liverpool suffer £20m loss as revenue lags behind Premier League rivals March 1, 2017 Liverpool suffered a £19.8m loss last season despite generating more revenue than ever before. The Premier League side boosted revenue by £3.9m to a club record £301m, yet finished the year in the red as a result of "further investment and turnover in the first team squad" in the year ending 31 May 2016. Twelve [...]