299
Fashion Jobs
L'OREAL GROUP
Assistant CRM Manager
Permanent · HONG KONG
L'OREAL GROUP
Key Account Manager
Permanent · HONG KONG
H&M
Total Rewards Manager, Supply Chain
Permanent · TSIM SHA TSUI
H&M
Accounts Specialist
Permanent · TSIM SHA TSUI
ESTÉE LAUDER COMPANIES
Assistant Demand Planning Manager
Permanent · HONG KONG
ESTÉE LAUDER - BRAND
Retail Marketing Manager, Estée Lauder
Permanent · HONG KONG
CLINIQUE
Assistant Education Manager, Clinique
Permanent · HONG KONG
CLINIQUE
Senior Marketing Manager, Clinique
Permanent · HONG KONG
TOMMY HILFIGER
Senior Manager, Creative Services, Tommy Hilfiger Asia Pacific
Permanent · HONG KONG
AESOP
Retail Consultant
Permanent · SHA TIN
NEWELL
Senior Manager, Indirect Sourcing
Permanent · HONG KONG
L'OREAL GROUP
Group Product Manager
Permanent · HONG KONG
ADIDAS
Senior Manager, Materials Availability Management
Permanent · HONG KONG
L'OREAL GROUP
Assistant Purchasing Manager (Marketing, Digital IT)
Permanent · HONG KONG
PUMA
Manager Innovation Technical Apparel
Permanent · HONG KONG
DR. MARTENS
Head of Financial Accounting, Apac
Permanent · TSIM SHA TSUI
TJX COMPANIES
Director of Sourcing, Apparel -Hong Kong
Permanent · HONG KONG
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Hysan Place
Permanent · CAUSEWAY BAY
A & F
Hollister CO. - Brand Representative (Part-Time / Full-Time), Yoho Mall
Permanent · HONG KONG
A & F
Abercrombie & Fitch - Brand Representative (Part-Time / Full-Time), Harbour City
Permanent · TSIM SHA TSUI
KERING EYEWEAR
Kering Eyewear Assistant Trade Marketing Manager Travel Retail
Permanent · HONG KONG
JAEGER
Training Manager
Permanent · HONG KONG
By
AFP
Published
Jan 28, 2015
Reading time
2 minutes
Download
Download the article
Print
Text size

Qatar set to buy London's Canary Wharf district

By
AFP
Published
Jan 28, 2015

LONDON, United Kingdom - Qatar looked to have won a drawn-out bid to buy London's Canary Wharf on Wednesday after the owner of the landmark office quarter said its main shareholders favoured a sale.

The board of Songbird, which controls 69 percent of Canary Wharf Group, appeared to concede defeat despite stressing that the offer worth £2.6 billion ($4.0 billion) remained undervalued.

Michael Kors is one of the many high-end stores located at London's Canary Wharf | Photo: canarywharf.com


"It is now the board's understanding that each of the major shareholders intends to accept the offer," Songbird said in a statement.

It added however that "the board... continues to believe that the offer does not reflect the full value of the business, its unique operating platform and its prospects".

Sovereign wealth fund Qatar Investment Authority (QIA), in partnership with US group Brookfield Property Partners, had in December proposed an improved "final offer" for Songbird.

The cash bid, pitched at 350 pence per share, compared with a previous 295-pence-per-share or £2.2-billion offer that was rejected last November.

QIA, which owns Harrods department store and the Shard skyscraper in London, already has a 28.6-percent stake in Songbird.

Brookfield owns 22 percent of Canary Wharf Group.

The former Docklands area of London where Canary Wharf is located was re-developed in the 1980s after having fallen into disrepair when the city's status as a trading hub declined. The area is now a magnet for huge building projects.

QIA owns also significant stakes in British supermarket chain Sainsbury's and the London Stock Exchange, as well as half of the Olympic Village apartments in the capital's Stratford district.

£1 = $1.52

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.