Paul Hastings Continues To Build On Global Securities And Capital Markets Growth With London Partner Addition Date
04/03/2021
Paul Hastings LLP, a leading global law firm, announced today that Dr. Max Kirchner, an experienced securities and capital markets lawyer, has joined the firm as a partner, based in London. Dr. Kirchner’s arrival adds further momentum to the strong performance and growth of the firm’s global Securities and Capital Markets practice, following the recent additions of partners Katja Kaulamo in Frankfurt, Iksoo Kim in Seoul and Brandon Bortner in Washington, D.C.
“Our clients turn to us to help them pursue growth through increasingly complex, multi-jurisdictional transactions, including securing financing in the global capital markets,” said Seth Zachary, Chairman of Paul Hastings. “With his deep experience across industries and markets, Max is a significant addition to our global Capital Markets team.”
Dec 17, 2020
Pre-tax profits were up 61 per cent to £40.1 million for the parent company of 2 Sisters Food Group for its latest financial year.
Subscribe to our daily newsletter!
Sign Up
2 Sisters in Dial Lane, West Bromwich
In the 12 months to August 1, Boparan Holdings reported sales up 1.8 per cent to £2.46 billion.
For th4 final quarter of the year sakes grew 6.4 per cent to £641.1m with profits up 94.4 per cent to £34.4m as it delivered on its turnaround strategy with the improvement driven by UK poultry and meals performance.
2 Sisters has its headquarters in Birmingham and has chicken processing factories at West Bromwich and Wolverhampton.
2 Sisters parent company posts growth in challenging year 2 Sisters Food Group owner Boparan Holdings has posted year-on-year growth despite significant operational challenges due to the COVID-19 pandemic.
The group reported a 6.4% increase in like-for-like sales to £641.1m in the 14 weeks ended 1 August 2020, compared to the 13 weeks ended 27 July 2019. Like-for-like profit in the fourth quarter was also up 94.4% to £34.4m compared with the previous year.
Full-year sales for the business grew 1/8% to £2.46bn, while profit – before depreciation, amortisation and pension scheme administration cost – rose 68.8% to £106.5m.
Boparan attributed strong sales and profit growth on its successful implementation of its operational turnaround plan and a continuation of the improvements achieved in the previous twelve months.
To embed, copy and paste the code into your website or blog:
Hospitality and dining have been buffeted by the pandemic, weighing on deal activity. But Q4 has brought welcome refinancing support and investor confidence
The effect of the COVID-19 pandemic on the hospitality industry has been especially severe, the face-to-face nature of commercial activity in the space making it especially susceptible to social distancing and lockdown measures.
Deal volume in the broader leisure sector, which encompasses dining, hotels and hospitality, gyms and gaming groups, fell 49% while value dropped by 46% to 292 transactions worth US$39.8 billion in the first three quarters of the year. A rebound is due in the fourth quarter, however, with a number of large deals announced in October and November as investors respond positively to vaccine development news and gain confidence in a recovery.