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25.04.2021 UBM: The Covid-19 pandemic naturally left its mark on the volume of business generated by real estate development company UBM in 2020. Revenue fell by 24.2% to Euro 183 mn and Total Output by 29.4% to almost Euro 479 mn. This decline is a direct result of the near standstill on the international real estate transaction market which was caused by corona. UBM did not make any major project acquisitions during the entire previous year. The expected first opportunity only materialised at the end of January 2021 with the acquisition of the Munich corporate headquarters of the luxury sport fashion producer Willy Bogner. The development of earnings was quite different, however. In spite of a strong position in the hotel operating business, which was particularly hard hit by the pandemic, EBT declined by less than 12% to euro 62.3 mn. Net profit equalled Euro 40.8 mn (2019: Euro 50.1 mn), whereby the expectations of capital market analysts were exceeded in the double-digit ....
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07.02.2021 UBM: UBM Development announced that it acquired headquarters of luxury sports fashion manufacturer Willy Bogner in Munich for Euro 55 mn. The company is planning the development of a further large-scale project on a 12,000-square metre site in the up-and-coming eastern area of Munich. The project represents a continuation of this international real estate developer’s strategic positioning in the residential sector of Europe’s top cities. “This acquisition hits the bull´s eye of our strategy”, explains Thomas G. Winkler, CEO of UBM Development AG. The address St.-Veit-Straße 4 has been the company headquarters of the luxury sports fashion manufacturer Willy Bogner GmbH & Co. KGaA since the 1950s. The company has committed itself to a comprehensive performance programme and the sale of the company premises to UBM is part of this programme. The traditional Munich-based company will continue to use the headquarters as a tenant for at least two more years bef ....
ERL Curated by Highsnobiety and presented during the time period formerly known as Paris Men’s Fashion Week, “Not In Paris 2” is our second in a series of bi-annual digital exhibitions celebrating creativity in the age of remote interactions. Head here for the full series and cop our new merch via our online store. Mary Woronov is many things: a Death Race-driver, a cannibal housewife, even a writer. On one source of her multitudes, Woronov who charmed Warhol thought this: “Costumes are so much better than clothes. They’re like drugs, they change your personality.” Woronov, like all actors, took on many personalities throughout her career. To the audience, they certainly looked like clothes: shirts, pants, mundane things. Yet they shaped perceptions, and by consequence, stories. So where do the clothes end and the costumes begin? Can all formers be latters? Or do garments take their lot, forever shaped by the intent of creation? ....
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