Bernard Arnault has taken a personal equity stake in Cartier parent Richemont, according to people familiar with the French billionaire’s investments. It is unclear exactly how many shares the LVMH chairman and CEO acquired in Cie Financiere Richemont SA. It was described by one of the people as “small” and part of a broader portfolio … Read more
TDR Capital has announced it will become the majority shareholder of Asda Zuba Issa, who took over Asda in 2021 together with his brother Moshin and TDR Capital, is selling his shares in the supermarket to the private equity firm. The London buyout company announced yesterday that it will become the majority shareholder of Asda, … Read more
Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s travel email A woman has transformed a derelict Italian ‘one-euro’ house into a £384k dream home – with a spa, outdoor kitchen and wine cellar. Meredith Tabbone, 45, decided to bid on a $1 house on a “whim” … Read more