Mukesh Ambani, the world’s richest energy billionaire, is seeking to increase the share of his group’s revenue from new ventures in telecommunications and retail to as much as 40 percent, said a company official with knowledge of the plan.
General Growth Properties Inc. sold half its interest in the Grand Canal Shoppes, including the Shoppes at the Palazzo, in Las Vegas for net proceeds of $410 million as part of a new joint venture with TIAA-CREF.
Billionaire Mukesh Ambani’s push into retail and digital services may help Reliance Industries Ltd. build on its best profit growth in three years amid an economic slowdown and sliding natural gas output, investors say.
Designer Kenneth Cole is in talks to sell the shoe and clothing company he founded to Iconix Brand Group Inc. , the licensing company run by his brother Neil Cole , according to two people with knowledge of the matter.
The 12th Tribeca Film Festival, which opens Wednesday and continues through April 28, may not be the biggest edition ever mounted. Yet it’s still enormous enough to be overwhelming, with 89 feature films, 60 shorts and five interactive projects from 37 countries.
Bandera Partners LLC, a New York- based investing firm, has built a 5.7 percent stake in Kenneth Cole Productions Inc. and said a buyout offer from its founder is “inadequate” given the company’s potential growth.
Tyree Johnson scrubs himself with a bar of soap in a McDonald’s bathroom and puts on fresh deodorant. He stashes his toiletries in a Kenneth Cole bag, a gift from his mother who works the counter at Macy’s, and hops on an El train. His destination: another McDonald’s.