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Mike Ashley sells 25% stake in troubled fashion retailer French Connection

Mike Ashley Frasers Group has sold its 25% stake stake in French Connection Share price soared Friday after takeover approaches from investment groups Spotlight Brands, behind fitness-focused Sweaty Betty, and Laura Ashley owners Gordon Brothers made one of the approaches Proposals come same week that Asos announced its £330m Topshop takeover Bohoo has agreed a £55million deal to buy the brand and website of Debenhams
United Kingdom United States Hong Kong St Helens New Zealand Borough Of Bedford

Asset managers start the year on a high note

“Also, with the low interest rates, loan moratorium and financial insecurity, they will be looking to build a financial buffer, ” country manager of StashAway in Malaysia Wong Wai Ken (file pic) told StarBiz. PETALING JAYA: Asset management firms appear to be witnessing encouraging growth as people look for various avenues to park their money amid the uncertain economic outlook brought on by the Covid-19 pandemic. The prevailing environment seems to bode well for such companies due to the l...
United States Malaysia General Sdn Bhd Munirah Khairuddin Principal Asset Management Company Ltd Thailand Principal Asset Management Pte Ltd Singapore

150 Arcadia staff set to launch legal battle against Sir Philip Green's retail empire

Asos last week announced its £330m takeover of Arcadia stock but not shops Countless employees officially told theyd lost jobs via Twitter announcement  2,500 will lose jobs from Topshop, Topman, Miss Selfridge and HIIT acquisition 2,450 will lose jobs when Boohoo takes over Dorothy Perkins, Wallis and Burton Staff claim Arcadia failed to follow correct consultation procedures when making redundancies
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Perak tint shop operators cry foul as state domestic trade ministry orders them to close | Malaysia

Sunday, 07 Feb 2021 03:43 PM MYT PARIT BUNTAR, Feb 7 — Auto accessory shop operators providing window tint service in the state, are crying foul as they have been ordered to close while their counterparts in other states are allowed to operate during the movement control order (MCO). State Domestic Trade and Consumer Affairs, National Integration and Civil Society Committee chairman Datuk Abdul Yunus Jamahri said the operators involved have brought up the matter to him. “I will refer...
Kuala Lumpur Parit Buntar Tanjung Piandang Abdul Yunus Heng Hee Seng Datuk Abdul Yunus Jamahri

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20 senior citizens nabbed for gambling in Ayer Itam

GEORGE TOWN: Bored of sitting at home during the movement control order and wanting to meet up with friends was the main excuse given by 20 people detained for illegal gambling. The individuals, mostly senior citizens, were in a rented house used as a gambling den in Ayer Itam. The raid at 1am on Sunday morning (Feb 7) was carried out by state police after observing them for a week. In a statement, police said that the individuals arrested were surprised by the raid and did not have time to esc...
Ayer Itam Pulau Pinang Rahimi Raais Investigation Department Criminal Investigation Department Senior Asst Comm Rahimi Ra Ais

MCO 2.0 should have been tool of last resort, says ex-deputy defence minister | Malaysia

KUALA LUMPUR, Feb 7 — The current movement control order (MCO) would not have to be implemented if the Health Ministry (MOH) had properly conducted Covid-19 tracing and screening as far back as April last year, according to deputy defence minister Liew Chin Tong. The DAP senator said a...
Kuala Lumpur Muhyiddin Yassin Ismail Sabri Yaakob Noor Hisham Liew Chin Tong Mukhriz Hazim

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