Hints and tips:
...While shares in Pershing Square Holdings were up more than 30 per cent last year, the fund still trades at a significant discount to net asset value....
...The company axed more than 500 of 2,400 stores during the pandemic but it still has €3.1bn in net debt, or four times ebitda....
...The company drew inspiration from Net-a-Porter as well as from Asos, one of the first online fast-fashion platforms....
...He met Sam Bankman-Fried at Canada/USA Math Camp, a summer programme for high school students, and both went to MIT....
...two-and-a-half-year saga takes a dramatic turn Even after seizing the title of Asia’s richest man and the 10th-richest person in the world, Reliance Industries chair Mukesh Ambani’s estimated $89.5bn net...
...The government suggests ringfencing revenue from an OST to subsidise business rate costs for some bricks-and-mortar retailers....
...Mr Ambani has vowed to cut net debt, which stood at more than $20bn in March, to zero within a year....
...However, the company’s net loss rose from £107m to £168m, as it ramped up spending on new staff and invested in areas such as compliance....
...It is now accepted in 26 per cent of bricks and mortar stores, followed by Line Pay at 10 per cent and Rakuten at 8 per cent....
...Net debt increased from £286m to £340m over the year....
...Neves believes that fashion’s transition to digital and the blurring between online and bricks-and-mortar shopping is such a big opportunity — especially in China — that there will be room for both models...
...Muji USA, a subsidiary of Ryohin Keikaku, famous for its simple, no-frills designs and no-brand philosophy, joined a list of ailing retailers feeling the pinch of the pandemic....
...Sun Art’s net profit rose 15.4 per cent in the first half of the year from the same period in 2019....
...Reliance also operates the country’s largest bricks-and-mortar retail chain....
...Zara’s parent company Inditex generated $31.5bn in revenue and $4bn in net profit in the fiscal year ended in January, while Fast Retailing generated $20.7bn in sales and $1.4bn in net profit in the fiscal...
...Litigation provisions removed more than $1bn from the bank’s bottom line, leaving it with net income of $1.7bn in the fourth quarter....
...The dividend was increased 3 per cent and the group finished the year with net cash of £936m....
...But a confluence of factors — the 2008 financial crisis, the decline of brick-and-mortar, the casualisation of fashion and the rise of e-commerce — created a perfect storm that few have been able to weather...
...But the last annual accounts, for the year to August 2017, show a loss of £23.6m and net liabilities of £65.8m....
...The spread of mobile technology has allowed Africans without bank accounts to overcome a lack of bricks-and-mortar banking services....
...Virgin Trains USA is chaired by Mr Edens, who co-founded Fortress Investment Group....
...Now, as then, its problem is hefty net debts. These hit a seasonal peak of £1.6bn last quarter. The equity is worth only £375m....
...The move would also provide an extra safety net for US institutions nervous about the UK’s departure from the EU, they said....
...It recently turned to none other than Primark — more specifically the bricks-and-mortar retailer's former chief operating officer John Lyttle — to lead that process as new chief executive....
...The difference this time is that Deutsche Telekom, which had €55.5bn of net debt at the end of 2018, aims to control a combined T-Mobile USA/Sprint....
International Edition