Elite New York Sold to Trump Group
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Fashion Wire Daily - Fashion Wire Daily August 26, 2004 - NEW YORK - Having filed for bankruptcy protection in February, Elite Model Management Corporation (&#8220;Elite New York&#8221;) announced yesterday the sale of its assets to Creative World Management LLC, owned by the Trump Group&#8212;controlled by Eddie and Jules Trump, no relation to Donald Trump&#8212;for &#36;7.7 million plus assumed liabilities.
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Billionaire investor Carl Icahn said on Thursday he made an offer to buy certain Westchester properties held by Reckson Associates Realty Corp.  as part of its pending merger with SL Green Realty Corp .
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Citigroup , which has been raising funds since taking a huge hit from the U.S. subprime mortgage meltdown, has sold its Japan headquarters to rival Morgan Stanley  in a deal reportedly worth US$445 million.
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HONEYWELL International, the United States industrial conglomerate, has agreed a US$1.5 billion (Â£780 million) trump bid for Novar, to beef up its security business and lift 2005 earnings from the low end of forecasts.
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Auto parts maker Lear Corp.  said on Friday it accepted a $2.31 billion buyout offer from billionaire investor Carl Icahn, the latest in big private equity deals in the troubled U.S. auto parts sector.
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Hollinger International has said that it will sell The Jerusalem Post&#39;s publishing group as the company continues to unload assets amid a battle with Conrad Black, its major shareholder and former top executive.
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International Management Group, a sports and celebrity management and marketing firm that has represented Tiger Woods, Joe Montana and Derek Jeter, is being sold to a New York buyout specialist firm in a cash deal valued at more than $700 million.
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The clothing retailer Barneys New York, a temple to fashion that introduced Americans to Armani and $300 T-shirts, was sold today to the investment arm of the Dubai government for $825 million.
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Hollinger International will sell The Jerusalem Post's publishing group, as the company continues to unload its assets.
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Rupert Murdoch&#39;s transition from renegade to the heart of the New York establishment was cemented this week with the purchase for a record $44m (Â£26m) of a Fifth Avenue apartment once owned by an heir to the Rockefeller fortune.
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Blog: Ziff Davis Media announces plans to sell its enterprise group for approximately $150 million in cash to a New York-based private equity and venture capital firm.
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The wealthy have been synonymous with Wall Street. But it took a prosperous group of potential shoppers to get luxury retailers to move to the financial district.
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The company that broadcast the moon landings in 1969 and kept the &quot;Hotline&quot; open between the White House and the Kremlin during the Seventies has been sold for $5bn (Â£2.7bn), including $2bn of debt, to a private equity ...
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InterContinental Hotels Group is selling 13 hotels in the United States, Puerto Rico and Canada to Hospitality Properties Trust for Â£230 million.
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The European headquarters of US banking giant Citigroup in London's Canary Wharf is sold for Â£1bn.
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Tommy Hilfiger, chairman and chief designer of the US fashion company, yesterday bought up clothing brands belonging to the stylist Karl Lagerfeld for an undisclosed sum.
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The company said it is selling the unit to Standard Chartered for nearly $1.1 billion so it can focus on its core credit card business.