Hints and tips:
...Natura, which does not own Avon in the US, is combining the brand’s operations in Latin America with its own business, leaving a question mark over the future of Avon International, which spans Europe, the...
...The Body Shop took out loans from its owner, pledging some of its most valuable assets to Aurelius as collateral. This gave Aurelius a claim over them if the company ran into trouble....
...BT and Aurelius both declined to comment....
...Still, that was infinitely less ugly than the enterprise value of £207mn achieved by Natura when it came to sell the skincare business to PE firm Aurelius last November....
...However, nothing beats the schedule of actor Mark Wahlberg who wakes at 2.30am for a prayer and breakfast before a workout between 3.40am and 5.15am....
...The Dubai-based conglomerate operates stores such as Ikea, Marks and Spencer and Zara across the Middle East, Asia and north Africa....
...The Dubai-based conglomerate operates stores such as Ikea, Marks and Spencer and Zara under franchise agreements across the Middle East, Asia and north Africa....
...Morgan Stanley revealed on Tuesday that its investment bank had taken $356mn of mark-to-market losses on corporate loans and hedges in the fourth quarter, a hit driven by soured deals, including its loan...
...But the reduction in the amount of regular repayments marks a win for Puerto Rican finances....
...(Nikkei Asian Review) Austerity by Aurelius A lawsuit brought by the hedge fund Aurelius Capital Management against Puerto Rico for repayment of its bonds has turned into a question about the US territory...
...The famed distressed debt hedge fund founded by Mark Brodsky had sued Windstream Holdings, accusing the Arkansas telco of a 2015 corporate restructuring that violated a bond indenture covenant....
...Aurelius has since dismissed the accusation as “nonsense”, brushing off the executive’s claim as “whining”. Aurelius’s founder Mark Brodsky is no stranger to putting noses out of joint....
...Health pledged credit card payments to raise bank funds (FT) UK regulator opens formal probe into NMC Health as stock suspended (FT) Coronavirus to knock US earnings growth to zero, Goldman says (FT) Aurelius...
...The case marks a significant victory for Aurelius, the hedge fund founded by Mark Brodsky, a lawyer known for pursuing companies and countries over unpaid debts....
...Aurelius’s founder, Mark Brodsky, is no stranger to controversy....
...The Ministry of Justice said that Working Links, an employment and probation company owned by Aurelius, a Germany-based asset manager, was entering administration, along with the operating companies that...
...In pursuing its lawsuit Aurelius took the position that it was standing up for debt holders rights not to be taken advantage of....
...Mark Brodsky, the fund’s founder and chairman, defended its tactics in the Windstream case, saying companies needed to be held to account. “There’s nothing new about lenders enforcing bond contracts....
...One thing to start: Aurelius Capital Management couldn’t help but revel in its spectacular win against Windstream Holdings in court on Monday....
...(FT) Damsels in distress Aurelius Capital Management founder Mark Brodsky and his former boss, Elliott Management’s Paul Singer, are used to being on the same team and winning (see Argentina)....
...However Mark Brodsky, the founder of famed Aurelius Capital Management, is looking to change that....
...While the group would breach this test if a mark-to-market valuation of its Casino shares were used, the accounting value lets it comfortably exceed the threshold. So what though?...
...(FT) Empty creditors Aurelius Capital Management’s court win over Windstream, which has since filed for bankruptcy, has reignited a debate about potential abuses in the credit default swaps market....
...Firms such as Paul Singer’s Elliott Management and Mark Brodsky’s Aurelius Capital Management have built reputations and profits from taking positions in the debt of distressed companies and countries, then...
...Produced during winter 1963 in Rome, “Commodus” references one historic assassination, of emperor Aurelius Commodus, at the time of another — President Kennedy....
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