Dalian Wanda Group, the closely held Chinese property developer, is spending 1 billion pounds ($1.6 billion) to buy a stake in a British yacht maker and invest in a London property as it expands in the luxury industry.
Investment Dar Co., a shareholder in luxury British carmaker Aston Martin, is asking creditors to take a 50 percent writedown on the Kuwaiti company’s debt as it seeks to meet repayments after defaulting on a loan three years ago, according to three people familiar with the matter.
Dalian Wanda Group, a closely held Chinese property developer, is in talks to invest in Sunseeker International Ltd. as the British luxury yacht maker seeks to expand into the world’s second-largest economy.
As British Sky Broadcasting Group Plc and BT Group Plc duke it out over sports content and rights in one of Europe’s most competitive pay-TV markets, Virgin Media Inc. is counting on a different edge: speed.
“Fast & Furious 6,” from Comcast Corp.’s Universal Pictures, was the top film at theaters in the U.S. and Canada in the first three days of the U.S. Memorial Day weekend, taking in $98.5 million, the biggest-ever debut for the studio.
The owner of Pinewood Studios Ltd., where movies including James Bond’s “Skyfall” and “The Dark Knight” were filmed, was denied approval to develop new studios and stages at a campus about 20 miles west of London after an earlier plan was rejected last year.
Roman Abramovich and his girlfriend Dasha Zhukova inspected sculptures by Takashi Murakami. Kate Moss also browsed as Hong Kong wooed wealthy art buyers with champagne, James Bond-style parties and lobster feasts.