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...“It’s always the mid market that suffers in these situations,” said Paul Newman, head of leisure and hospitality at audit firm RSM UK. “Top-end, experience-led restaurants are doing well.”...
...The bond between the two is fused not only by the responsibility of managing two important design legacies, but also by their curiosity....
...Accor has made a push into more upscale hospitality in recent years....
...Its hodgepodge included a legacy talent management agency as well as live events and a mixed martial arts league....
...It also does not have the burden of legacy cable television networks that Paramount, Disney, Warner Bros and Universal do....
...Following Basset’s untimely death from oesophageal cancer in 2019, his family set up the Gérard Basset Foundation – a charity that promotes inclusivity and diversity in the drinks and hospitality industry...
...Among them is a proposal to “right-size” legacy divisions, such as Disney’s studio business and its linear TV networks, by spinning them out and finding strategic partners....
...But luxury hospitality moves fast. “My goal is to be a purpose-led luxury lifestyle brand,” she declares. “When people ask me, ‘Who are your hotel competitors?’...
...Diversifying public sector technology procurement could help institutions avoid the risks of relying on a single legacy supplier....
...They’re finding that these legacy businesses are no longer good from a required capital or risk-weighted-assets perspective. They’re not fully exiting, though....
...World Wide Technology, Thompson Hospitality and the Elocen Group are all examples of successful companies that began as small businesses that won federal contracts under this programme....
...Does that make him think about legacy? “Chris and I used to talk about legacy and I’d say it’s impossible to achieve legacy with buildings and restaurants because they get changed....
...“The OWO will be my greatest legacy to London,” says Gopichand Hinduja, 83, the group’s chair. Like newspapers and football clubs, London’s grand hotels have always been trophies....
...The destruction of Sodom is a caution against failing to offer hospitality to strangers....
...The deal marks the latest example of private equity’s continued interest in the hospitality and leisure sector....
...Disney has drawn interest from activists, who are capitalising on a slump in its stock as it grapples with heavy spending on its streaming business and declining margins in traditional legacy television....
...By the way, the insertion of a timber forecast is a fun legacy of founder Jeremy Grantham being extremely hot on the investment theme for a bit. It didn’t pan out any better than the EM value forecast....
...The company, Plan D LLC, owned a Gulfstream jet. In court papers reviewed by the FT, the US Virgin Islands government cites flight logs showing that the plane transported underage girls....
...Instead he rented the cream-seated Embraer Legacy 500, which the prime minister recorded as a £38,500 gift....
...The water board’s modern-day incarnation says it still pays interest on seven old legacy perpetuals....
...LVMH’s big succession question With five children, Bernard Arnault faces difficult choices in divvying up his luxury empire and preserving his legacy, The New York Times reports....
...journalism and content creation that makes Vice such a trusted brand for young people and such a valued partner to brands, agencies and platforms” with a new ownership and “the ability to operate without the legacy...
...Activity is forecast to remain tepid next year with high borrowing costs and the legacy of the worst inflationary upsurge in a generation weighing on the economy....
...For the UK economy, 2023 was a story of near stagnation, with activity forecast to remain tepid into the new year as high borrowing costs and the legacy of surging inflation take their toll....
...Conceptual art was one impetus for Hauser & Wirth’s entry into hospitality....
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