Hints and tips:
...US buyout firm Clayton, Dubilier & Rice has hired former Tesco boss Sir Dave Lewis as an operating adviser as it seeks to bolster its consumer and retail team so it can explore new investments....
...Both companies are owned by US buyout firm Clayton, Dubilier & Rice....
...Potts, who presided over Clayton, Dubilier & Rice’s £7bn acquisition of Morrisons, said running the grocer had been the “privilege of a lifetime”....
...It was an “outstanding” appointment, said Lewis, now an operating adviser at US private equity firm Clayton, Dubilier & Rice....
...Potts, who presided over Clayton, Dubilier & Rice’s highly leveraged £7bn acquisition of Morrisons, said running the grocer had been the “privilege of a lifetime”....
...This gig presents his wispy tone and melodic flair with pianist Gerald Clayton from the album Trios: Ocean, one of three 2022 Blue Note releases, alongside guitarist Marvin Sewell....
...One thing to start: I’m Laurence Fletcher, the FT’s hedge fund correspondent....
...Clayton, Dubilier and Rice plans to appoint Sir Terry Leahy as chair of supermarket group Wm Morrison after winning the £10bn takeover battle for the UK grocer, said two people briefed on the private equity...
...All three, along with Morrisons former chair, Andrew Higginson, previously worked at Tesco under Sir Terry Leahy, who is a senior adviser to CD&R and now chairs Morrisons....
...The writer is author of ‘Chip War’, visiting fellow at the American Enterprise Institute and a professor at the Fletcher School When Taiwanese manufacturing tycoon Terry Gou and former US President Donald...
...stores, new products, better branding and expanded ecommerce will help generate the additional profit needed to support Wm Morrison’s heavy debts following its takeover by private equity, according to Sir Terry...
...Fundsmith, the prominent £26bn investment fund managed by star UK stockpicker Terry Smith, has declined 10.8 per cent in 2022 according to Refinitiv data, after big losses on Meta and PayPal....
...Sir Terry Leahy tells Jonathan Eley, your correspondent, that four-fifths of Clayton, Dubilier & Rice’s returns historically come from sales growth and operational improvements (“Leahy bullish on Morrisons...
...Charles and Maggie Jencks began work on the house in 1978, with architect Sir Terry Farrell....
...US private equity group Clayton, Dubilier and Rice has triumphed in the four-month long takeover battle for Wm Morrison with a bid of £9.97bn including debt for the UK’s fourth-largest supermarket....
...Shares in Wm Morrison surged 30 per cent to 232p in early trading on Monday following an approach for the UK supermarket chain from US private equity firm Clayton, Dubilier & Rice....
...laurence.fletcher@ft.com...
...Sir Terry Leahy is earmarked to become the chair, two people briefed on the private equity firm’s plans said on Sunday....
...The stock closed on Friday at 291p, above the 285p per share that private equity group Clayton, Dubilier and Rice offered for it on Thursday night....
...CD&R had a knight of the realm onboard to smooth its Morrisons takeover: Sir Terry Leahy, the former Tesco chief, was a longtime adviser to the US firm....
...Britain’s fourth-largest supermarket chain Wm Morrison said on Saturday evening that it had rejected an unsolicited £8.7bn takeover bid from US private equity group Clayton, Dubilier & Rice....
...Over to you, Clayton, Dubilier & Rice....
...CD&R, which counts former Tesco chief executive Sir Terry Leahy among its advisers, would not say which properties it was committing as security, or how much they were worth....
...Job moves Clayton, Dubilier & Rice has appointed Simon Tinkler as a senior legal adviser in a part-time role. He joins from Clifford Chance where he was a partner....
...CD&R counts Sir Terry Leahy, the former chief executive of Tesco, among its advisers. Morrisons’ chair Andrew Higginson previously worked alongside Leahy at Tesco....
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