Hints and tips:
...US buyout firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser as it seeks to bolster its consumer and retail team so it can explore new investments....
Booking platform to launch ‘biggest update’ next month as it plans to expand beyond travel
...The dispute relates to long positions Frasers started to accumulate in Hugo Boss from 2019 via its broker Saxo Bank, which in turn used Morgan Stanley to execute and clear the trades....
...Big share price moves in Europe today include UK retail lender Virgin Money, German fashion house Hugo Boss, UK broadcaster ITV and UK pest control and hygiene group Rentokil: Virgin Money: Shares in the...
...Naked short selling “often entails sophisticated market participants profiting at the expense of retail investors”, he wrote....
...Frasers is suing Morgan Stanley for about €50mn over claims the investment bank forced the retailer out of its Hugo Boss derivative trades in part because insiders at Morgan Stanley’s London office looked...
...Its troubles are in part homegrown, but updates from Hugo Boss, Swatch and Watches of Switzerland also caused investors to skip a beat. In this context, LVMH looks all the more comforting....
...But the new boss has yet to give shareholders much reason to agree....
...Frasers states that its derivative position in Hugo Boss only totalled €217.6mn at the time, claiming that this means the margin call “implied a fear that Boss’s share price might increase by more than 400...
...Daunt favours a hands-off approach when it comes to his retail empire, preferring to trust local shop managers to know how to sell books on their high streets....
...Frasers is suing Morgan Stanley for about €50mn over claims that it made a “capricious” demand for collateral to cover derivative positions in fashion group Hugo Boss that the UK retailer held via its broker...
...A 10 per cent Hugo Boss stake first acquired in 2020 grew to a position equal to one-third of the fashion house’s shares....
...He’s the latest in a series of hires under the leadership of DAZN boss Shay Segev, who’s growing the business and targeting profitability....
...The ‘Wait, Who’s The Boss?’...
...Boss....
...That’s because Redbird IMI is a joint venture between the US private equity firm run by former Goldman Sachs partner Gerry Cardinale and former CNN boss Jeff Zucker, alongside International Media Investments...
...Frasers contends it was forced out of derivatives positions it held in fashion brand Hugo Boss after Morgan Stanley imposed a $1bn margin call “without warning” in May 2021....
...The shopping spree adds to an investment portfolio that already included minority stakes in Hugo Boss, Mulberry and N Brown....
...It doesn’t make sense . . . ,” Bubb, the retail analyst, said. “At least Mulberry and Hugo Boss are upmarket fashion brands that can help the ‘elevation’ strategy.”...
...Aldi’s US boss Jason Hart, he added, has been in the industry for a long time. Hart has been Aldi’s US CEO since 2015....
Mike Tattersfield says consumers can be ‘trained’ to look for its doughnuts in different sections of the store
...But the promise of a new source of income has led Disney boss Bob Iger to modify his stance. Shares in the House of Mouse have more than halved from the 2021 peak....
...Highlights Former Spanish football boss Luis Rubiales has been banned from the sport for three years as a result of his conduct at the women’s World Cup final in August, when he forcibly kissed Spain player...
...Citigroup boss Jane Fraser wants to make the perennial underperformer more efficient....
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