Hints and tips:
...David Barclay died this year....
...Ritz and Cavendish hotels in London, which were sold in 2020 and 2012 respectively; the former Littlewoods home shopping business that became the online retailer Shop Direct; the brewing-to-shipping group Ellerman...
...The sale is the latest twist in a bitter family fight between Sir Frederick and Sir David Barclay....
...The arrangements they agreed left Amanda with a 25 per cent share, unable to block Sir David’s children on big decisions....
...The sale took place over several months amid a bitter family fight between brothers Sir Frederick and Sir David Barclay, who acquired the hotel in 1995 for £75m and who famously led a reclusive life for...
...It raised a £550m high-yield bond in October, but had to slash the size of the deal after investors objected to large dividend payments earmarked to Frederick and David Barclay, who also own the Ritz hotel...
...The BBC’s Panorama programme investigated the accounts of the hotel, which was bought by Ellerman Investments, a private company owned by Sir David and Sir Frederick Barclay, in 1995....
..., who chairs Ellerman....
...IHG, whose brands include Crowne Plaza and Holiday Inn, said on Tuesday that Ellerman Corporation, a vehicle for Sir David and Sir Frederick Barclay, had sold its 29.9m share stake....
...In the 1980s, they added more hotels and acquired Ellerman Lines, a privately owned shipping and brewing group....
...Sir David and Sir Frederick Barclay bought a 5 per cent stake in the group through their Ellerman Corporation investment vehicle in January. They have since doubled it, leading to bid speculation....
...IHG, the biggest hotel company in the world by room numbers, said that Ellerman Corp, the investment vehicle of David and Frederick Barclay, had increased its stake from the 9.16 per cent last reported on...
...Ellerman is assumed to be controlled by Sir David and Sir Fredrick Barclay, the property investors now best known for their ownership of the Daily Telegraph....
...IHG on Monday revealed that Ellerman Corporation, a vehicle for Sir David and Sir Frederick Barclay, took its stake to 5 per cent late on Friday, triggering a disclosure of the holding....
...Sir David and Sir Frederick Barclay’s assets include the Telegraph Group and the island of Brecqhou in the Channel Islands....
...Earlier this week, Ellerman, their investment vehicle, declared a raised holding of 9.1 per cent....
...There is speculation on FT Alphaville that the Barclays might be working with Joe Lewis, David Rowland and/or the Reuben brothers. IHG shares are up 2½ per cent....
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