LONDON (AP) — Shares in Jimmy Choo have leapt 11 percent after its board put the luxury shoe brand up for sale.
The gains bring the market value of the firm that began in east London to over 700 million pounds ($896 million).
The firm, which counts Jennifer Lopez, the Duchess of Cambridge and Beyonce among its fans, is being sold to “maximize value for its shareholders.”
JAB Luxury, the brand’s biggest shareholder with a 67 percent stake, has offered its support for the process. The company says there is no certainty an offer will be made.
The company, with 150 stores worldwide, saw annual revenues climb 15 percent to 364 million pounds in the year ending in December.
A new pair of Jimmy Choo shoes can cost anywhere from $450 for flat espadrilles to $4,500 for a bejeweled, strappy evening sandal.
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SACRAMENTO (AP) — The chief executive of Backpage pleaded guilty to state and federal charges including conspiracy and money laundering, and agreed to testify in ongoing prosecutions against others at the website that authorities have dubbed a lucrative nationwide “online brothel,” authorities said.
“For far too long, Backpage.com existed as the dominant marketplace for illicit commercial sex, a place where sex traffickers frequently advertised children and adults alike,” U.S. Attorney General Jeff Sessions said in a statement. “But this illegality stops right now.”
Backpage brought in a half-billion dollars since it began in 2004, mostly though prominent risque advertising for escorts and massages, among other services and some goods for sale, according to federal prosecutors. Authorities allege the site was often used to traffic underage victims, while company officials said they tried to scrub the site of such ads.
Read Also: Sex Workers Warn Of Danger After Feds Shut Down
... read more at: https://sanfrancisco.cbslocal.com/2018/04/13/backpage-ceo-pleads-guilty-conspiracy-money-laundering-prostitution/
Although I wasn’t hounded by paparazzi and nobody asked for my autograph during my test drive of the 2015 Cadillac Escalade, it’s easy to see why it is the ride of choice for the rich and famous.
As one of the larger SUVs on the market, the Escalade is a hard vehicle to miss. The styling is also instantly recognizable, despite the 2015 model being the fourth generation of the model.
The iconic look isn’t subtle either, it speaks of the pinnacle of the Cadillac line, with a sticker price to match.
Speaking of list price, our tester, a Premium model has a manufacturer’s suggested list price of $91,945 — and it isn’t the top of the line.
The Escalade comes in three other trim models, Standard, Luxury and Platinum, with prices running between $81,345 to $100,785.
Suppose you can write a cheque for the jewel of the crown
... read more at: https://www.timescolonist.com/pedro-arrais-review-escalade-will-indulge-your-inner-celebrity-1.1767308
The Cadillac Escalade, a top pick of the rich and famous ranging from Hollywood celebrities to Wall Street executives, is also the favorite choice of thieves.
The luxury SUV, which starts at more than $63,000, is the most likely vehicle to be targeted by crooks, according to a new study by the Highway Loss Data Institute.
The study, based on insurance claims made for model year 2008 through 2010 vehicles, showed that the Escalade is six times more likely to be hit by thieves than the average vehicle, and its overall theft losses are more than 10 times as large.
The rankings are based on vehicles that were stolen, had parts such as stereo systems taken or had other property inside the car snatched.
Matt Moore, a vice president at the institute, says the Escalade gets hit more often because “It’s so wildly popular as far as pop culture goes. Watching the TV you
... read more at: https://www.insurancejournal.com/news/national/2011/08/26/212468.htm