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...Artemis, whose other holdings include a controlling stake in luxury group Kering and auction house Christie’s, is planning to invest $2.8bn of its own money and have CAA borrow $425mn in loans, according...
...Dubai Holding, which has $35bn worth of assets, owns the Jumeirah luxury hotel chain and last year agreed a deal with Accor to launch hotels in the emirate....
...Tatler Asia, the luxury lifestyle publication that arranged the Hong Kong friendly, said on Friday it would partially refund ticket holders and could lose HK$43mn ($5.5mn) on the event....
...The deal joins CAA and its roster of A-list stars — including actress Salma Hayek, the wife of Artemis chief executive François-Henri Pinault — with some of the biggest names in the luxury sector....
...But if companies are spending to fly executives to their vacation homes, then that has tax implications....
...are the extension of a modern sports industry where club valuations have skyrocketed, powered by exponential growth in broadcast rights contracts and the addition of lucrative new revenue streams through luxury...
...But virtually no cash was extracted from the deal until last week....
...Weeks before we meet, Cheng signed a deal to take over the three award-winning Robertson Lodges in New Zealand....
...Rich pickings One of Mexico’s most powerful criminal groups runs call centres that offer to buy retirees’ vacation properties and then empty their bank accounts, The New York Times writes....
...The Swiss government itself, which brokered the deal and introduced an emergency law to make it happen, is also facing claims....
...The dealmaking comes as hedge funds have grown attracted to Europe’s largest luxury goods sellers and even begun agitating for change....
...The Pinault family’s deal values CAA’s equity at $5.4bn. When accounting for its debt, the company is valued at more than $7bn....
...Beyond deals involving Arm, SoftBank has brought in Raine on deals from Sprint to WeWork, while the Japanese conglomerate’s work with Sine predates Raine’s founding....
...New York-based Authentic Brands subsequently bought the intellectual property of Hunter, best known for its Original Wellington boot, in a prepack administration deal....
...The enforcement crackdown is yet another sign the tables have turned and banks hold the bargaining power amid a dearth of deals on Wall Street....
...The company was forced to seek a £16.5mn rescue deal in 2020, which made Pall Mall Capital the controlling shareholder....
...The popularity of such deals was on display at the sprawling 600-room all-inclusive Adalya Elite Lara resort about a 40 minute drive along the Mediterranean coast from downtown Antalya....
...This article in HTSI, the FT’s luxury magazine, outlines the gadgets you’ll need to work effectively from a yacht. Including a Bugatti-branded pool table for downtime (€292,000)....
...CapitalOne said it does not comment on deal speculation....
...That gets to another reason behind the luxury boom — the growth of a secondary market. High-end vintage purveyors are ubiquitous in the cities where clients live and the places they vacation....
...The deal has been a dud as Benioff struggled to integrate Slack and fend off Microsoft’s Teams product. It has become an emblem of drift....
...In that case, the government is advancing a weaker argument that Google’s search-exclusivity deals are an antitrust violation. The threat to Google’s profits is not zero, but it seems small....
...Scotus on holiday Supreme Court justice Clarence Thomas has been treated to ultra-luxurious vacations, complete with superyacht and private jet rides, by Republican real estate billionaire Harlan Crow for...
...Nevertheless, every company should have a strategy to deal with platforms....
...and luxury homes....
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