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...Inditex has left Russia, once its second biggest market by store numbers after Spain, by selling roughly half of its 500-odd shops to the Daher Group of the United Arab Emirates and closing the rest....
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...The investment by the Messina Group, founded in 2013 by former Obama campaign manager Jim Messina, values Mandelson’s firm Global Counsel at about £30mn, said people close to the transaction....
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...Since 2016, Lavine and Connaughton, 58, have been co-managing partners of the group, overseeing its day-to-day operations....
...what was once one of the world’s largest chemical groups and the pride of corporate Germany, with 100,000 employees and a market value that peaked at €121bn....
...Yu Group has had an extraordinary run since the pandemic....
...“The cosmetics sector is undergoing profound changes, and our company has significantly transformed into a geographically balanced multi-brand group,” Geiger said in a statement....
...Still, if you want proof that the bleating about London has gone too far, take a look at Wood Group....
...On Tuesday, prosecutors added a new probe into alleged ties between Orlen’s Swiss trading subsidiary and the Lebanese militant group Hizbollah....
...But the frankest account of why a women’s membership group was needed in the ETF industry — and why it helps to have men in the room — comes from Ross, an industry veteran who was behind the SPDR launch....
...This makes for uncomfortable reading, especially given the group’s strong share price run. Indeed, its stock fell about 6 per cent on Wednesday....
...Sales figures from the first quarter of the year showed a wide divergence in performance between top luxury groups, with those more orientated towards wealthy shoppers faring better....
...Lagardère’s directors will meet in the near future to take “all provisional measures required to ensure the group’s governance pending Arnaud Lagardère being able to resume the management of the group”,...
...said Joseph Daher, an author and academic studying Hizbollah....
...Craig Mackinlay MP Chair, Net Zero Scrutiny Group, House of Commons, London SW1, UK...
...Blended capital flows fell to a 10-year low in 2022, according to the most recent estimates by research group Convergence....
...Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music. Read a transcript of this episode on FT.com...
...The company’s pool of investors for the bonds has dwindled, and much of the group’s longer dated paper remains firmly in distressed territory, below a widely recognised threshold of 70 cents on the dollar...
...Daher had been head of the Middle East for Credit Suisse....
...It was started in 2020 by former members and recently expanded to the English-speaking world through a Reddit group, called Opus Dei Exposed. The group has hundreds of members....
...At the start of this year, Nanoco received the second payment worth $71.75mn and decided to return £30mn to shareholders through the tender offer, which was pitched at a 25 per cent premium to the share...
...and private equity groups....
...London Stock Exchange Group’s shareholders have backed a proposal to double the pay of its chief executive to a maximum possible £13.1mn, making David Schwimmer one of the top-paid FTSE 100 bosses....
...Middle-earth Enterprises & Friends, which holds film and gaming rights to The Hobbit and The Lord of the Rings books as well as the Tomb Raider franchise, will remain part of the existing Embracer group....
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