Michael Kors buys luxury shoemaker Jimmy Choo for $1.2 billion
Businessam Staff
July 25, 2017
U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner. The move comes two months after rival handbag maker Coach struck a deal to buy quirky fashion brand Kate […]
The man who got Americans to eat trash fish is now a billionaire
Businessam StaffJuly 20, 2017
Chuck Bundrant was a college freshman with $80 in his pocket when he drove halfway across the country to Seattle to earn a few bucks fishing. The year was 1961. He hasn’t stopped fishing since. And today, Bundrant, the founder and majority owner of Trident Seafoods, is worth at least $1.1 billion, according to the […]
UK ‘now less appealing’ to rich Chinese
Businessam StaffJuly 18, 2017
The UK has slipped down the list of preferred destinations for Chinese millionaires considering moving overseas, a report suggests. While the US remains the favourite place to settle, Canada now ranks second pushing Britain into the third spot. The survey found around half of those millionaires quizzed were mulling a move abroad. Pollution, education and […]
Meet the 5 key lawyers advising President Trump on the Russia scandal
Businessam StaffJuly 17, 2017
With President Trump’s relationship with Russia in the news, so are the lawyers tasked with advising and defending him. Trump’s legal team must navigate questions about campaign finance law, obstruction of justice and other thorny legal areas surrounding the president, especially since his son Donald Trump Jr.’s meeting with a Russian lawyer was exposed last week. Here are five […]
My first hour: six people reveal their very different morning routines
Businessam StaffJuly 16, 2017
The dairy farmer: Paul Tompkins wakes at 4.30am. The first thing on his mind is cows “How have the cows got on overnight?” That’s the question that wakes me up at 4.30am every morning. We have 200 cows that we milk and a further 200 young stock, so something’s usually happened. As soon as I […]
Kirstie Allsopp quits Twitter following backlash over washing machine comments, blaming ‘Brexiting Brits’
Businessam StaffJuly 16, 2017
Kirstie Allsopp has announced she is quitting Twitter, after recently creating an unlikely storm on the social media site. The ‘Location, Location, Location’ presenter was criticised after making a comment about whether washing machines belonged in kitchens earlier this week. She admitted to finding it “disgusting”, claiming that it was her “life’s work” to get people to stop […]
Top five African influential women 2017
Businessam StaffJuly 15, 2017
Africa has had a quiet 2017 with economic growth slowly picking up, but that does not mean there is not much happening on the ground…quite the opposite, in both an economic and political sense, as certain influential women have played their part in the African context. Behind the scenes, these are the top five women […]
Virgin CEO Richard Branson gets so much done using this 1 simple method
Businessam StaffJuly 14, 2017
Today, Richard Branson’s Virgin Group controls over 400 companies worldwide. An iconic entrepreneur, Branson is an inspirational leader with a global brand that competes in almost every major industry. Whether he’s rewriting the rules for customer service in hospitality, building the world’s first commercial spaceline, or kite surfing with Barack Obama, Branson seems capable of just about anything. Some even […]
Former Credit Suisse trader who’s raised $66m for bitcoin push
Businessam StaffJuly 12, 2017
Nikolav Storonsky is a former Credit Suisse Group AG trader who is getting $66 million from investors including Index Ventures to help expand his business offering banking services and add cryptocurrency exchange for customers. His London-based Revolut Ltd. raised the money in a round that included Balderton Capital and Ribbit Capital, according to a statement […]
How Elon Musk proved that thought leadership is the new patriotism
Businessam StaffJuly 11, 2017
Recently, Elon Musk did something that would make the C-suite execs of decades past roll over in their graves: he tweeted about politics. “Am departing presidential councils,” Musk wrote on his Twitter account. “Climate change is real. Leaving Paris is not good for America or the world.” Back in the day, it was good business […]