Category: Owner
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US Court Orders Hedge Fund Owner To Pay $84 Million
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In the crypto world, a federal judge in Chicago has ordered Oregon resident Sam Ecorti and his related companies to pay more than $120 million to victims of what the Commodity Futures Trading Commission (CFTC) described as a “Classic Ponzi scheme.” The ruling, issued by Judge Mary Rowland on July…
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Saks owner to buy luxury retailer Neiman Marcus in $2.65-billion deal By Reuters
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(Reuters) – Saks Fifth Avenue parent HPC Inc said on Monday it will acquire department store chain Neiman Marcus Inc in a $2.65 billion deal, giving it stronger negotiating power with vendors and greater control over costs. The deal comes as luxury retailers face slowing demand as higher interest rates…
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Saks owner to buy Neiman Marcus, source says By Reuters
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Written by Ananya Mariam Rajesh and Greg Roumeliotis (Reuters) – The parent company of Saks Fifth Avenue has agreed to buy rival Neiman Marcus, a source familiar with the matter told Reuters on Wednesday, in a move expected to give the struggling luxury retailer more power to negotiate with sellers.…
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Fady Rostom: Clothing brand owner who owns and wears only one T-shirt
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Fadi Rostom will not reveal himself easily. He hides behind a veil of self-deprecation and really terrible dad jokes. He keeps his tongue in his cheek, and wears his jokes on his sleeves. He will not let you in until he is sure you understand what your presence entails. Within…
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what i’ve learnt as a business owner
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The working population is growing as people live longer and choose to retire later, and the current workforce consists of five generations. We are seeing baby boomers working alongside Generation Z, as both generations have different needs and priorities, and with this generational diversity comes the need for versatile leadership…
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Incognito Market Owner Arrested After FBI Tracked Crypto Transactions
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A Taiwanese national was accused of running Incognito Market, a drug market on the dark web, and was arrested after authorities traced the platform’s transactions. The platform has handled more than $100 million worth of cryptocurrencies through the sale of illegal drugs like fentanyl. The hidden market founder was arrested…
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BA owner IAG boosts staff by 1,700 to meet summer demand surge
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British Airways has created 1,700 jobs as it prepares for a summer boom that will allow its parent company IAG to match last year’s big operating profit of €3.5 billion. British Airways’ recruitment drive includes cabin crew and technology specialists to boost the airline’s digital services. The move follows a…