14th November 2010
A portfolio of rental properties located in some of Scotland's most desirable areas has been bought for over £70 million by a consortium led by the Duke of Westminster's Grosvenor group.
It is understood that these luxury apartments attracted around a dozen bids when they were put on the market earlier this year.
David Sivewright, head of Grosvenor's Scottish office, said: "This is a...
10th May 2010
This weekend, Mohamed al-Fayed, who pledged to stay at Harrods until he died, agreed to sell the Knightsbridge department store.
A deal was signed in the early hours of 8 May 2010 at a meeting in Amsterdam between the two sides’ advisers with the ownership of the company moving to the royal family of Qatar for more than £1.5 billion.
After months of discussions Fayed, 81, agreed to...
17th December 2009
Sir Richard Branson rebrands Manor GP as Virgin Racing for new Formula One seasonSir Richard Branson has increased his presence in Formula One with the launch of the Virgin Racing team.The billionaire has confirmed that Manor GP, one of four new teams on the grid next year, will be rebranded as Virgin Racing and plans to operate on less than £40million, a very small budget in comparison...
31st July 2009
Sir Richard Branson has pocketed £152 ($250) million from the sale of Virgin Mobile USA to Sprint Nextel.
The deal means that the billionaire entrepreneur has now left the North American mobile phone market, having made a profit of more than $325 million. His Virgin Group sold its holding in Virgin Mobile Canada two months ago for $175 million.
Sprint now which owns 13.1 per cent of...
10th April 2009
A decade ago three friends bought £500 worth of oranges, bananas and pineapples, mashed them together on their kitchen table to make a giant smoothie. Yesterday they sold a small stake in their company to Coca-Cola for £30 million.
Innocent Drinks, Britain’s leading smoothie maker, was valued at up to £300 million in the deal, in which the American soft drinks giant...
