2nd August 2010
The McLaren Group, owner of the eponymous Formula One team, has taken on debt to fund its new factory where its new "super car" will be built.
With a loan of more than £40m from HSBC McLaren is planning on setting up a new factory on its site in Woking, Surrey, which will employ 300 people.
Production of the new MP4-12C is expected to begin next spring with plans to buld 1,000 in the...
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...
28th November 2008
In these times of economic uncertainty lavish consumers look to timeless classics they know will hold their value and last for years, as opposed to flash-in-the-pan trends and glitzy impulse buys. This is seen in the sudden increase in Rolex sales as Iceland's financial markets sunk, or the way the traditional tailors of Savile Row are weathering the crisis.London-based men's clothing...
