. Citigroup transfers $900m to Revlon lenders in error on behalf of the cosmetics company and claimed it was a ”clerical error” and wants its money back. Some hedge funds claimed Revlon was in default and reportedly denied giving Citigroup the money back. The $900m is reportedly similar to the amount Revlon’s lenders were seeking…
Associate sociology professor and former model, Ashley Mears’s entertaining study of the elite nightclub scene revealing the truth behind nightclubs from New York to Miami and the Riviera. Mears reveals how beautiful young women are used to boost the status of men million-dollar birthday parties, megayachts on the French Riviera. She conducted an ethnographic study…
DYSON CORRALE HAIR STRAIGHTENERS MAKE THEIR DEBUT AT 447 OXFORD STREET LONDON W1C 2PR. There are three heats on these malleable hair straighteners – 165, 185 and 210. You can also use them to wave or ringlet hair. They cost £400 but they seem to be the best on the market. They were launched in…
A team in Moscow has created a Putrid scent in a protest against plans for a perfume store in a historic building with a terrible past. The former military court saw thousands of people condemned to death during Stalin’s Great Terror in the 1930s. The Great Purges involving thousands of people with public trials of …
A couple of months ago, the heads from 18 small British telecoms companies met at a London bank to discuss investment, strategy, and mergers. In the meeting, they were asked if they thought the Chinese could eavesdrop through back doors in Huawei equipment all 18 hands went up. One of the bankers then asked, if…
Bernard Arnault’s luxury LVMH is set to buy Tiffany & Co for $16.7bn, after the US jeweller negotiated to raise the offer by $600m to clinch an agreement. Europe’s richest man and his group can restore Tiffany to its former glory as one of the top brands in global luxury. The boards of both companies…
The world’s youngest self-made billionaire Kylie Jenner is selling 51 per cent of Kylie Cosmetics to US makeup group and fragrance giant Coty for $600m. The youngest of the five Kardashian-Jenner sisters, Jenner will still be the face of the brand and involved in creating new products. Kylie Jenner started the company in 2015 as…
Tiffany is expected to rebuff an unsolicited $14.5bn takeover approach from Bernard Arnault’s French luxury group LVMH. Tiffany’s adviser were yesterday still examining the surprise indicative offer from LVMH, the world’s largest luxury group by sales. The all-cash offer came earlier this month which pitches Tiffany shares at $120 per share at that time. Shares…
A streamlined Hennes & Maurtiz store, decluttered in Karlaplan, affluent district of Stockholm, started crucial experiment which could turn the fortunes of the Swedish purveyor of cheap chic. H&M struggled for profitability in the wake of tough competition from Zara, owned by Spain’s Inditex, whose fashion were sharper. Menswear has been ditched so the selection…
