Yet another UK Brand name gobbled up by Global Investors, all that remains the same is the Brand name. Give it a few more years at the current rate & No independent companies, manufacturers will exist in any of the retail markets
The Competition & Monopoly bodies are a total Joke! Everything will end up in the hands a few Plutocrats!. This 'company' really is just one of the big boyz, little boyz..............
Lea's career has been characterised by diverse company holdings including:
Sold Champagne Mumm & Perrier-Jouet in 2001 to Allied Domecq
Bought Weetabix in 2004 for £640 million and sold 60% to Bright Food in 2012 in a deal valuing the company at £1.2 billion
Acquired Jimmy Choo in 2004 for £100 million and sold the company in 2007 for £225 million
Acquired wagamama in 2005 for £102 million and later sold the company for £215 million in 2011
Acquired Orangina Schweppes in 2006 in partnership with the Blackstone Group and later sold the company for 2.6 billion in 2009
Acquired Kettle Foods in 2006 for $270 million and sold the company in 2010 for $615 million
Acquired HEMA in 2007 for a deal estimated to be worth 1.3 billion
Acquired the Findus and Youngs brands in 2008 for £1.1 billion
Acquired AS Adventure Group in 2008 for 263 million
Invested $80 million in American Apparel in 2009
Acquired Bumble Bee Foods for $980 million in 2010
Purchased Picard in 2010 for 1.5 billion
Acquired AllSaints in 2011
Acquired Alain Afflelou in 2012 for 740 million
Acquired John Varvatos Enterprises, Inc. in 2012
Acquired ghd in 2013 for £300 million
Lea has also served on the board of several public companies including Harry Winston, American Apparel, Yell Group and Premier Foods."
Here's one of the Very big Boyz, Glencore:
"Glencore's market share is so large that it recorded revenues of $145bn (£89bn) last year and the flotation value is £37bn. Glasenberg, owning around 16%, will instantly become one of the world's richest men.
The shares started so-called "conditional dealings" on Thursday proper trading does not start until next week and had a far from sparkling start, moving only sideways even though they were priced keenly in an effort to get a strong start.
Because the company will leap straight into the FTSE 100 index, those investments that track the UK's biggest quoted companies will be obliged to buy its stock, with the result that the company's fortunes will have a bearing on the pension funds of millions of people.
Founder of Glencore, is just on of the bods Clinton Pardoned before leaving the Whitehouse..........!:
What they Own & Control!:
Our assets worldwide | Glencore
Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs:
Finally, A Rich American Destroys The Fiction That Rich People Create The Jobs - Business Insider