Giorgio Armani SpA is working with Boston Consulting Group on ways to grow in a few key luxury segments before a stake-sale process is set to kick off later this year, according to people familiar with the matter. https://t.co/rkHV60b5U1
Len Tannenbaum, who sold his $5 billion credit firm to distressed debt pioneer Oaktree almost a decade ago, is looking to raise a new fund to capitalize on turmoil in the $1.8 trillion private credit market https://t.co/mGvi8rJMeT
Ivan Saltzman built Dis-Chem from one store to a $1.7 billion healthcare chain spanning three countries. As he retires as board chairman, South African retailers offer the firm some mixed lessons about the transfer of management and wealth. Read more: https://t.co/Co7xyUVVk8
📷️: Cebisile Mbonani/ Bloomberg
Andy Burnham looks set to make devolution a key element of his administration. Good luck with that, writes Matthew Brooker (via @opinion) https://t.co/DKSsldhMo1
The war for Burnham’s ear: politicians and wonks fight for influence over the PM presumptive.
“He’s just one person and everybody projects their hopes on to him. It’s hard to live up to,” one of his close allies admits.
By me and @rowenamason 👇
https://t.co/y7IFGBk13Q
Andy Burnham's appointment of James Purnell shows the future PM returning to his New Labour roots, writes @RosaFPrince (via @opinion) https://t.co/x1kffgyPA1
The result of the current emotional spasm will be the same as it was for previous spasms: short-lived enthusiasm followed by disappointment and disintegration. The problem is not Burnham but a systme that is designed for failure,
https://t.co/PqWtBmPiAr
The 70-year-old chief executive, who has helmed America’s biggest bank since 2006, has briefed staff on his decision to narrow the race to succeed him to two candidates. But is he stepping down anytime soon? https://t.co/HeXE6tfsXX
NEW: Game of Thrones at JPMorgan. Marianne Lake is out, having been told she won’t become CEO of America’s biggest bank and killing the dream of a female CEO in the top job.
Sources say the battle to become king of the hill is former derivatives trader Troy Rohrbaugh’s to lose, given that he is coming out of the shakeup with the biggest promotion and new set of responsibilities.
Read about exclusive reporting about the latest succession drama at JPMorgan here:
https://t.co/5uXeTcxkuH