The boss of Deliveroo is set to gain a fortune of more than £350million from the food delivery firm’s blockbuster float.
William Shu, who founded the business eight years ago, owns a 6.9 per cent stake in the company, documents show.
It means his shares could be worth at least £350million if Deliveroo is valued at about £5.1billion in its upcoming float.
A tasty sum: William Shu, who founded Deliveroo eight years ago, owns a 6.9 per cent stake in the company, meaning his shares could be worth at least £350m
That would place Shu, 41, among the 400 richest people in Britain, according to the Sunday Times Rich List, with a fortune roughly equal to the Queen’s.
ANOTHER shop has disappeared from Weymouth s high street as town centre jeweller Warren James closes down. The high street jeweller, based on St Mary Street, is part of a national chain owned by brother and sister business partners John Coulter and Ann Jones, who founded the company in 1979. It is understood that the closure of the Weymouth branch is not part of a national closure, however all stores remain temporarily shuttered due to the current lockdown, as non-essential shops have been ordered to close. Warren James has been contacted for comment on how many staff are affected by the closure.
Boohoo has bought collapsed department store group Debenhams for £55m but will shut all remaining stores
Deal confirms Debenhams brand will disappear from high street after 242 years with up to 12,000 job losses
Boss Mahmud Kamani in battle with Amazon as he wants to dominate homeware and beauty as well as clothes
His son and PrettyLittleThing founder, Umar Kamani, says the family used to make weekly trips to Debenhams
An announcement from Oxford signals that it is still very much the go-to university if you’re a tax-averse billionaire, eager for serious recognition but concerned that academic sensibilities might somehow come between your £100m and a place alongside Duke Humfrey, Godfrey Sheldon and more recent donors Wafic Said and Leonard Blavatnik. Other than welcoming its latest big benefactor, Sir Jim Ratcliffe, on a day likely to be eclipsed by the.