The Canadian billionaire behind Tommy Hilfiger and Michael Kors may buy Aston Martin - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

The Canadian billionaire behind Tommy Hilfiger and Michael Kors may buy Aston Martin

FILE PHOTO: A James Bond 1965 Aston Martin DB5 coupe is displayed at Sotheby's auction house in New York, U.S.The carmaker's shares were up nearly 17% at £5.88 at 14:14 GMT, valuing the business at about £1.3 billion , but still far below its initial public offering price of £19.

Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a "major shareholding" in the British company, Autocar and the racefans.net website reported on Thursday. But the sale of a stake could help boost the company's prospects as it seeks to turn around a poor performance, which pushed it to a £92.3 million loss in the first nine months of the year.In August, Aston's biggest investor, Strategic European Investment Group, acquired an additional 3% stake in the company.

Aston is also the title sponsor of the Honda-powered Red Bull team, former world champions who won three races this year with Dutch 22-year-old Max Verstappen.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Holiday fulfillment may drive customer loyalty - Business Insider - Business InsiderRetailers that use omnichannel fulfillment options may be best positioned to successfully handle their e-commerce orders this holiday season.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Cyber Monday 2019 sets new e-commerce record - Business Insider - Business InsiderCyber Monday 2019 racked up a record-setting $9.4 billion in US online sales, with smartphone shopping playing a key role in its success:
Source: BusinessInsider - 🏆 729. / 51 Read more »

WeWork buys ads in a dozen markets post-IPO debacle - Business InsiderIt's the first major campaign under interim chief marketing officer Maurice Levy, the chairman of Publicis – the agency that did the creative. Guessing it will take more than a few ads! ClaireHanna Ooops oooops 😂😂
Source: BusinessInsider - 🏆 729. / 51 Read more »

Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 billionPhoenix Group Holdings has agreed to buy the British business of Swiss Re for 3....
Source: Reuters - 🏆 2. / 97 Read more »