Hints and tips:
...Drahi bought London-based Sotheby’s in 2019 for $3.7bn via his family office, not Altice....
...Last week, Dollar Tree announced plans to close down nearly 1,000 — or 12 per cent of — Family Dollar stores....
...Our next pick, Dollar Tree, is riskier. The dollar store model has seen great growth over time and generates a lot of free cash flow....
...Now read these Family feud: A 20-year dispute over a multibillion-euro inheritance has pitted a descendant of the Fiat dynasty against her three children....
...“It’s the dollar losing utility as an asset to store trade surpluses,” says John Hathaway, managing partner of Sprott Inc, a Canadian asset manager specialising in metals....
...The hundreds of thousands of dollars they receive in unreported flight benefits each year only widens it, The Wall Street Journal reports....
...Succession: With family businesses around the world set to pass trillions of dollars to children, advisers are putting greater emphasis on planning for the next generation....
...The relationship of Jones and Freeman — a previous law clerk to Jones as well — has unleashed a firestorm in the US bankruptcy and distressed debt worlds....
...“The days of sales growth being driven by these big price increases, those are probably over,” said Brian Yarbrough, an analyst at Edward Jones....
...“He tipped me like 50 cents or one dollar.” The algorithm had told him the entire job would take six minutes, but it had taken 90....
...He compares its moment to the “golden era” in the US, likening the city’s Ambani family, owners of the conglomerate Reliance Industries and the UK toy store Hamleys, to the Rockefeller dynasty....
...The two famed investors did not meet until 1959, even though they had grown up in the same city; Munger notably worked at the Buffett & Son grocery store as a teenager in the 1930s....
...Depending on how much the unsecured claims are ultimately worth, the residual equity of Yellow could be worth hundreds of millions of dollars....
...There are now more than 19,000 Dollar General stores and over 16,000 Dollar Tree and Family Dollar outlets in the US and Canada....
...Dixon believes Reid’s retaliation resulted in “decades of lost earnings” costing her millions of dollars, according to the suit....
...For an app, you have an App Store. But when you run a gen AI model on the device, it is going to be pre-installed on the device engine, it’s not something you’re going to download from the App Store....
...The second thing we did is, we called on the advertisers to vote with their dollars — and, by the way, not just vote for us....
...The film can seem precisely what you might expect: a non-negotiable upbeat ode to family, enterprise and empty calories....
...And that to me meant dollar signs, because if they couldn’t do it and I could, then I’d make the money. And that’s what I wanted to do....
...Waiting for Bordeaux The New York Times investigates the tale of luxury wine store Sherry-Lehmann’s missing bottles . . . and unpaid taxes....
...If you are a financial writer and all you ever write is, here’s what the Dow Jones did today, up 44 points, you’re not gonna survive in this world....
...Epic was valued at almost $30bn in a fundraising earlier this year led by Sony and the family investment group that owns most of Lego....
...Patagonia, founded in 1973 in California, has hundreds of stores across five continents....
...A measure of the dollar’s strength against a basket of six peers gained 0.3 per cent in European trading....
...Adds Ferguson: “We always say, ‘Keep it in the family’ – the family being all the friends we have knocked about with for three decades.”...
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