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...Singaporean sovereign wealth fund GIC acquired a 35 per cent stake in Spain’s Hotel Investment Partners from Blackstone Group, while Abu Dhabi Investment Authority, one of Abu Dhabi’s sovereign wealth funds...
...TGI Fridays said the deal would create a “global hospitality brand” offering “operational and financial flexibility, increased scale and capital to deliver continued revenue”....
...A version of this article was first published by Nikkei Asia on March 11. ©2024 Nikkei Inc. All rights reserved....
...Arriving weary and hungry from the bullet train in Hiroshima one night last spring, I trod the natural path by heading to a 7-Eleven convenience store for a can of beer, an onigiri rice ball and some fried...
...One mini-scoop to start. Formula One has appointed Emily Prazer as chief commercial officer....
...US-based asset manager Artisan Partners, one of the three shareholders, is among the investors that said Seven & i, which owns the 7-Eleven convenience store brand, had failed to keep pace with recent improvements...
...The two firms had developed a thesis that travel would bounce back sharply after the global lockdowns with beaten-down travel and hospitality companies benefiting the most....
...Italy’s Nexi is one casualty. Shares have traded below its 2019 listing price for most of this year. Speculation of a private equity bid sent them soaring last week....
...No one thinks this way now: the Apple handset business looks like one of the best defended tech businesses out there....
...In one instance, a group head in the US had business conversations via text messages and WhatsApp with at least 32 employees....
...One year later, it emerged from Chapter 11 at a $7bn enterprise value, higher than its pre-bankruptcy size amid a heated bidding war waged between two private equity groups....
...Freight rates have fallen as spending has shifted from ecommerce to hospitality. However, the CEO switch may also illustrate the difficulty some bosses have with letting go....
...Hospitality group Accor’s relaunch of the Orient Express brand has revived interest in the train, known from literature and movies, and has opened up new possibilities for Montblanc....
...Her report demonstrates the economic impact of the art trade — estimated to contribute nearly £1.6bn to the UK economy in taxes — and its ancillary expenditure in industries including insurance, hospitality...
...It is no wonder then, that global hospitality brands are betting big on Bangkok....
...One start-up even offers the chance to watch this exact premise unfold....
...After Formula One, UFC has experienced the highest growth in attendance of any sport over the past five years, according to Morgan Stanley....
...One way or another Citigroup’s fate, as well as Fraser’s, will be settled over the next 18-24 months....
...Japanese retailers, especially smaller ones, face serious employee shortages....
...With the right facilities, corporate hospitality clients would surely be queueing up to spend a small fortune on a box at Stamford Bridge for a season to entertain wealthy VIPs....
...Eleven more figures followed. These were the last remaining works of the Mbembe peoples whose bold sculptural tradition was completely unknown outside the region....
...For lifestyle company Nykaa, it’s up one-and-a-half times to 10 per cent....
...Eleven large banks including JPMorgan and PNC put $30bn in deposits with First Republic last month in a failed attempt to stabilise the bank....
...Additional reporting by CK Tan in Shanghai A version of this article was first published by Nikkei Asia on September 6. ©2023 Nikkei Inc. All rights reserved....
...Through its majority ownership of Legends, the concessions and hospitality company, Sixth Street has a view into the operations of many of sport and entertainment’s top stadiums and arenas....
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