MUMBAI (BLOOMBERG) - Mukesh Ambani, Asia's richest man, sealed another deal to expand his retail footprint and add heft in a battle with Amazon.com and Walmart in India. Reliance Brands Ltd agreed to purchase the 259-year-old British toy store chain Hamleys from C Banner International Holdings Ltd for an undisclosed amount, the unit of Ambani's Reliance Industries said in a statement late on Thursday (May 9). The transaction would "catapult Reliance Brands to be a dominant player in the global toy retail industry," it said. The acquisition is the latest in a string of purchases in Ambani's push into the consumer business, which he says will contribute nearly as much as to the conglomerate's total earnings as its core energy business by the end of 2028. Adding Hamleys would give Reliance 167 stores across 18 countries. The company is already a master franchisee of the toy store in India, where it operates 88 outlets. For Hong Kong-listed C Banner, the sale would mark a retreat from the … [Read more...] about Asia’s richest man buys iconic British toy store chain Hamleys
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By Pam Douglas Brampton Guardian Tues., April 30, 2019 Basement apartments are a crucial resource in a city where affordable housing is scarce. They can also be death traps. In the past three years, 32 fires have occurred in illegal basement apartments in Brampton. Two people have died; five have been injured. The latest victim was a 29-year-old man who died of smoke inhalation on March 30 in a “minor” cooking fire that was extinguished quickly but still not quick enough to save him. There were smoke alarms present, but it is not known if they sounded. Smoke alarms are one of many crucial fire safety needs in a home with a basement apartment, said Brampton fire Chief Bill Boyes. Article Continued Below “We’re always concerned that, basement apartment or not, that every house has working smoke alarms,” he said. “That’s such a key factor in allowing people to get out and survive a fire.” The other requirements to make … [Read more...] about Brampton cracks down on illegal basement apartments after two fatal fires since 2016
AVENGERS: Endgame, the hugely-anticipated superhero series-ender from Marvel, set a new standard for Hollywood blockbusters this weekend with stunning hauls of US$357 million in North America and $1.2 billion worldwide, industry data showed on April 29. The fourth and final chapter in the adventures of Iron Man, Hulk, Thor and company managed 43 times the domestic take of the No. 2 film, Marvel’s Captain Marvel, which made US$8.3 million. With a star-studded cast including Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson, Bradley Cooper and Josh Brolin, it took in a jaw-dropping US$330 million in China alone, the highest ever opening in the Middle Kingdom. With a sky-high 96 percent rating from critics on the Rotten Tomatoes reviews website, Avengers could lead to “the biggest revenue-generating summer (and year) in box office history,“ Comscore’s Paul Dergarabedian said. Packed with spectacular fight scenes, special effects, … [Read more...] about Avengers finale record shattering debut
SINGAPORE: Every time freelance writer Clare Lee, 27, uses a changing room when trying on clothes in fashion outlets big and small, she will take a few minutes to inspect every nook and cranny in her cubicle for hidden cameras before feeling safe enough to undress herself.For 27-year-old Fiona, who did not want to give her full name, she will always double-check that the curtains in her bedroom or hotel are fully drawn such that there is not even a teeny-weeny gap for anyone to peek through, and steer clear of unattended baskets in supermarkets.Freelance content creator Hilary See, 27, would refrain from standing near the edge of the escalator where people can look up her skirt, and try to use either a bag or a file to cover the back of her skirt while climbing the stairs.With spycams and phone cameras taking voyeurism to unsavoury new heights, these women are among a growing number of people who have taken extra precautions to protect themselves and their private spaces.As Fiona, … [Read more...] about The Big Read: Singapore’s voyeurism problem – what’s wrong with men, or the world?
Sevilla FC said it best in a tweet. If English Premier League teams don't want fourth place, the tweet read, then just give the Champions League slot to the Spanish side instead. The La Liga club have a point. The English also-rans are treating the top four with all the reverence of a visit to a proctologist, coming up with endless excuses for not turning up. They're exhausted. They don't travel well. There are too many work commitments in Europe. They're struggling with an indecisive boss. They've got a Spanish colleague who smears butter on his fingers. From David de Gea to Sarriball, from Arsenal's away record to Tottenham Hotspur's Champions League distractions, the excuses are at least consistent in their creativity. Not much else is. All four scarcely deserve elite European football next season. In the last three games, both Manchester City and Liverpool have taken maximum points. Across the same three games, Tottenham have picked up three points, Chelsea just two, Manchester … [Read more...] about Neil Humphreys: Does nobody want top-four spot?