You Must Read the Following Before Continuing

Total Page:16

File Type:pdf, Size:1020Kb

You Must Read the Following Before Continuing IMPORTANT NOTICE NOT FOR DISTRIBUTION TO ANY U.S. PERSON OR TO ANY PERSON OR ADDRESS IN THE U.S. IMPORTANT: You must read the following before continuing. The following applies to the offering circular attached to this electronic transmission and you are therefore advised to read this carefully before reading, accessing or making any other use of the offering circular. In assessing the offering circular, you agree to be bound by the following terms and conditions, including any modifications to them any time you receive any information from us as a result of such access. NOTHING IN THIS ELECTRONIC TRANSMISSION CONSTITUTES AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY THE SECURITIES OF THE ISSUER. THE FOLLOWING OFFERING CIRCULAR MAY NOT BE FORWARDED OR DISTRIBUTED TO ANY OTHER PERSON AND MAY NOT BE REPRODUCED IN ANY MANNER WHATSOEVER, AND IN PARTICULAR, MAY NOT BE FORWARDED TO ANY U.S. PERSON OR TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS DOCUMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT) OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS. This offering circular has been delivered to you on the basis that you are a person into whose possession this offering circular may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located. By accessing the offering circular, you shall be deemed to have confirmed and represented to us that (a) you have understood and agree to the terms set out herein, (b) you consent to delivery of the offering circular by electronic transmission, (c) you are not a U.S. person (within the meaning of Regulation S under the Securities Act) or acting for the account or benefit of a U.S. person and the electronic mail address that you have given to us and to which this e-mail has been delivered is not located in the United States, its territories and possessions (including Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, Wake Island and the Northern Mariana Islands) or the District of Columbia and (d) if you are a person in the United Kingdom, then you are a person who (i) has professional experience in matters relating to investments or (ii) is a high net worth entity falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act (Financial Promotion) Order 2001. This offering circular has been sent to you in an electronic form. You are reminded that documents transmitted via this medium may be altered or changed during the process of electronic transmission and consequently none of OPERA FINANCE (CSC 3) PLC, EUROHYPO AG, LONDON BRANCH, THE ROYAL BANK OF SCOTLAND or UBS INVESTMENT BANK (nor any person who controls it nor any director, officer, employee nor agent of it or affiliate of any such person) accepts any liability or responsibility whatsoever in respect of any difference between the offering circular distributed to you in electronic format and the hard copy version available to you on request from THE ROYAL BANK OF SCOTLAND or UBS INVESTMENT BANK. Finance (CSC 3) plc Opera Finance (CSC 3) plc (Incorporated with limited liability in England and Wales with registration number 05411120) £710,000,000 Commercial Mortgage Backed Floating Rate Notes due 2017 Opera Finance (CSC 3) plc (the Issuer) will issue the £455,000,000 Class A Commercial Mortgage Backed Floating Rate Notes due 2017 (the Class A Notes), the £115,500,000 Class B Commercial Mortgage Backed Floating Rate Notes due 2017 (the Class B Notes), the £79,250,000 Class C Commercial Mortgage Backed Floating Rate Notes due 2017 (the Class C Notes) and the £60,250,000 Class D Commercial Mortgage Backed Floating Rate Notes due 2017 (the Class D Notes and, together with the Class A Notes, the Class B Notes and the Class C Notes, the Notes) on 6 May 2005 (or such later date as the Issuer may agree with the Note Arranger and the Joint Bookrunners (each as defined below)) (the Closing Date). The Issuer has applied to the Irish Stock Exchange Limited (the Irish Stock Exchange) for the Notes to be admitted to the Official List of the Irish Stock Exchange. A copy of this Offering Circular, which comprises approved listing particulars with regard to the Issuer and the Notes in accordance with requirements of the European Communities (Stock Exchange) Regulations, 1984 (as amended) of Ireland (the Regulations), has been delivered to the Registrar of Companies in Ireland in accordance with the Regulations. The Class A Notes, the Class B Notes, the Class C Notes and the Class D Notes are expected, on issue, to be assigned the relevant ratings set out opposite the relevant class in the table below by Fitch Ratings Ltd. (Fitch), Moody's Investors Service Limited (Moody's) and Standard & Poor's Ratings Services, a division of The McGraw-Hill Companies, Inc. (S&P and, together with Fitch and Moody's, the Rating Agencies). A security rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time by one or more of the assigning rating organisations. The ratings from the Rating Agencies only address the likelihood of timely receipt by any Noteholder of interest on the Notes and the likelihood of receipt by any Noteholder of principal of the Notes by the Final Maturity Date (as defined below). Initial Principal Margin Anticipated Ratings 1111Class 111111 Amount 11111 (per cent.) 11111 Fitch 11111 Moody’s 11111 S&P Class A £455,000,000 0.23 AAA Aaa AAA Class B £115,500,000 0.30 AA NR AA Class C £79,250,000 0.45 A NR A Class D £60,250,000 0.70 BBB NR BBB Interest on the Notes will be payable quarterly in arrear in pounds sterling on 25 January, 25 April, 25 July, 25 October in each year (subject to adjustment for non-business days) (each, an Interest Payment Date). The first Interest Payment Date will be the Interest Payment Date falling in July 2005. The interest rate applicable to each class of Notes from time to time will be determined by reference to the London interbank offered rate for three month sterling deposits (or in respect of the first interest period a linear interpolation of the interest rate for two and three month sterling deposits) (LIBOR, as determined in accordance with Condition 5.3) plus the relevant Margin. Each Margin will be as set out in the table above. If any withholding or deduction for or on account of tax is applicable to the Notes, payment of interest on, and principal in respect of, the Notes will be made subject to such withholding or deduction. In such circumstances, neither the Issuer nor any other party will be obliged to pay any additional amounts as a consequence. All Notes will be secured by the same security, subject to the priorities described in this Offering Circular. Notes of each class will rank pari passu with other Notes of the same class. Unless previously redeemed in full, the Notes of each class will mature on the Interest Payment Date falling in April 2017 (the Final Maturity Date). The Notes will be subject to mandatory redemption before such date in the specific circumstances and subject to the conditions more fully set out under “Transaction Summary - Principal features of the Notes”. The Notes have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the Securities Act), and are subject to U.S. tax law requirements. The Notes are being offered by the Issuer only to persons who are not U.S. Persons (as defined in Regulation S under the Securities Act (Regulation S)) in offshore transactions in reliance on Regulation S (or otherwise pursuant to transactions exempt from the registration requirements of the Securities Act) and in accordance with applicable laws. The Notes of each class will each initially be represented on issue by a temporary global note in bearer form (each, a Temporary Global Note), without interest coupons attached, which will be deposited on or about the Closing Date with a common depositary for Euroclear Bank S.A./N.V., as operator of the Euroclear System (Euroclear), and Clearstream Banking, société anonyme (Clearstream, Luxembourg). Each Temporary Global Note will be exchangeable for interests in a permanent global note (each, a Permanent Global Note), without interest coupons attached, not earlier than 40 days after the Closing Date (provided that certification of non-U.S. beneficial ownership has been received). Ownership interests in the Temporary Global Notes and the Permanent Global Notes (together, the Global Notes) will be shown on, and transfers thereof will only be effected through, records maintained by Euroclear and Clearstream, Luxembourg and their respective participants. Interests in the Permanent Global Notes will be exchangeable for definitive Notes in bearer form only in certain limited circumstances as set forth therein. See “Risk Factors” for a discussion of certain factors which should be considered by prospective investors in connection with an investment in any of the Notes. EUROHYPO Note Arranger THE ROYAL BANK OF SCOTLAND UBS INVESTMENT BANK Joint Bookrunner Joint Bookrunner The date of this Offering Circular is 4 May 2005 THE NOTES AND INTEREST THEREON WILL BE OBLIGATIONS OF THE ISSUER ONLY. THE NOTES WILL NOT BE OBLIGATIONS OR RESPONSIBILITIES OF, NOR WILL THEY BE GUARANTEED BY, EUROHYPO AKTIENGESELLSCHAFT (EUROHYPO) (IN ANY CAPACITY), BY THE JOINT BOOKRUNNERS, THE SERVICER, THE SPECIAL SERVICER, THE TRUSTEE, THE CORPORATE SERVICES PROVIDER, THE SHARE TRUSTEE, THE PAYING AGENTS, THE AGENT BANK, THE LIQUIDITY BANK, THE HEDGE COUNTERPARTIES OR THE ACCOUNT BANK OR ANY COMPANY IN THE SAME GROUP OF COMPANIES AS ANY OF THEM.
Recommended publications
  • Future of Retail
    INDEPENDENT PUBLICATION BY RACONTEUR.NET #0572 07/03/2019 FUTURE OF RETAIL RETAIL IS MORE MAKING ETHICAL FUTURE LOOKS BRIGHT 03 THAN JUST A JOB 06 SHOPPING SMARTER 12 FOR MODEST FASHION RACONTEUR.NET 03 FUTURE RETAIL CAREERS OF RETAIL Making retail more Distributed in than 'just a job' Published in association with In a sector known for high turnover, some brands are realising the benefits of nurturing and investing in employees to develop long careers Ana Santi only works on Saturdays. Those cus- Contributors tomers know that, so that’s when they ost of us, at some point, have visit the store.” Amy Hawkins Ana Santi M worked in retail on the shop How retailers choose to engage China-based journalist, she Former editor at Drapers floor. During school holi- with, and thus retain, retail staff writes about technology and commentator for days, in-between jobs, while trying depends on their size and type of and culture, and has the BBC and Sky News, to work out what career to pursue. business. Mr Ruis says: “At the pre- appeared in The Guardian, she writes extensively The Sunday Times, Foreign across fashion, business Perhaps it is, in part, this attitude of mium end, you talk more to custom- Policy and others. and culture. a temporary, passing endeavour that ers, you engage in conversation. John leads to a high turnover of store staff Lewis is a great example because of in the retail industry. its pension and bonus schemes. If Daniela Morosini Gouri Sharma Latest official figures show that the you’re a Tesco or M&S, the environ- Award-winning beauty Independent journalist writer and trend-spotter, formerly with Al Jazeera average staff turnover in the UK was ment is more about productivity, so she contributes to a number English, she writes 16.5 per cent in 2016, a figure which the opportunities are different.” of titles including Vogue, extensively on culture, includes sectors with very high turn- Indeed, Marks & Spencer has Refinery29 and WGSN.
    [Show full text]
  • May 6 Naples Airport Authority Planning Meeting
    May 27, 2011 Tourism Staff Reports 10 a-f 1 of 18 DIRECTOR’S REPORT ACTIVITIES & EVENTS TDC Sub Committee Meeting- May 6 Naples Airport Authority Planning meeting for Florida Airports Council Annual Meeting Naples Works Website Planning meeting VISIT FLORIDA Marketing Steering Committee Meeting Jet Blue Marketing Team meeting- RSW Bob Harden Radio Interview- WGUF-FM Everglades Foundation- Presentation on importance of Restoration WGCU- FM Interview on Season results TDC Grant Review Committee FGCU Classroom Presentation on Everglades Restoration TRADE SHOWS International Pow Wow Trade Show- San Francisco May 27, 2011 Tourism Staff Reports 10 a-f 2 of 18 SALES DEPARTMENT- Debi DeBenedetto and Jennifer Leslie Industry Relations – Sales/Shows ASTA Show Puerto Rico April 13-16– report in Detailed Report Section Kenny Chesney Out of Market Sales Missions Collaborate Corporate Planner show Houston May 3-6 –report in Detailed Reports section. Pow Wow Tour Operator show May 21-26 San Francisco New Product Development New Golf Guide delivered New Meeting Planner Guide development Florida Airports Council Annual Meeting-Local Committee assistance Promotions/ FAMS Working on two Fams as a result of ASTA show just attended, Orlando agents and Southeast Florida ASTA Travel agent Fam for Certified Travel, Stuart, FL Motorcoach lead from last year travel agent local show CI Travel Marketing the “Music in Paradise” Planner Fam Planning a Fam for Canada Travel Agent March 2012 Welcome Center Fam Visit Florida Welcome May 17th Meeting Planner Fam host dinner SunStream Group 8 planners May 11 German tour operator Fam is in planning stages RFP’s and Booked Business RFP’s sent out past 30 days: 1.
    [Show full text]
  • 7Th Annual Lifecycle Conference Agenda 2019
    7th Annual Lifecycle Conference The home of smart retail marketing Printworks, London 16-17 October 2019 Agenda 2019 w. lifecycle.ometria.com | p. +44 207 139 1778 | e. [email protected] Welcome to Lifecycle19! Over the past six years Lifecycle has become a leading event for retail marketers. Each year, the conference brings together a community of over 300 marketers and e-commerce professionals to learn how to truly advance their marketing strategies from peers and industry leaders. Spread across two days, Lifecycle19 will have 30 speakers leading keynotes and panels; a two- track day of workshops, based on your needs, all culminating with an unforgettable party. We’ll be talking about: Bridging the online/offline marketing divide The challenges of personalising at scale How to beat the discounting race to the bottom The value of influencer marketing Team Lifecycle19 w. lifecycle.ometria.com | p. +44 207 139 1778 | e. [email protected] Why you should make Lifecycle19 your #1 event of the year An agenda tailor-made for 300+ retail marketers from fashion to retail marketers beauty, homeware to food and drink 2 day event, with 30 industry- Actionable content - 100% renowned speakers of Lifecycle18 attendees said they’d learned something new to apply to their own marketing Hosts that truly care! This is an event for the retail community, designed to engage and empower attendees with the tools they need to create messages their customers will love. w. lifecycle.ometria.com | p. +44 207 139 1778 | e. [email protected] Lifecycle 19 Speakers Lysa Hardy Whitney Bromberg Hawkings Marie Chenailler-Maurice CMO and Board Director CEO and Co-Founder Marketing Director Hotel Chocolat FLOWERBX Seraphine Lysa Hardy is Board Director & CMO at Whitney Bromberg Hawkings graduated from Marie is a Marketing Director at maternity Hotel Chocolat.
    [Show full text]
  • Karen Millen Holdings Ltd
    PROSPECTUS Listing on ICEX Main List Public share offering ISK 1,233 million 90,661,831 shares ISK 13.6 per share JUNE 2005 Mosaic Fashions TABLE OF CONTENTS Prospectus June 2005 I STATEMENTS AND NOTICE................................................................................................................................. 2 Issuer’s Statement..................................................................................................................................................... 2 Manager’s Statement................................................................................................................................................. 2 Auditors’ Statements .................................................................................................................................................. 3 References and Glossary of Terms and Abbreviations .................................................................................................. 4 Publication Calendar of Accounts ................................................................................................................................ 4 Notice to Investors ..................................................................................................................................................... 5 II OFFERING AND LISTING OF SHARES.................................................................................................................. 6 III SHARE CAPITAL AND OWNERSHIP.....................................................................................................................11
    [Show full text]
  • Official Offer Document Takeover Bid to Shareholders of Mosaic Fashions
    Official Offer Document Takeover bid to shareholders of Mosaic Fashions hf. I INTRODUCTION On 22 June 2007 an agreement was reached between F-Capital ehf., Kaupthing Bank hf., Gnupur fjarfestingafelag hf., Kevin Stanford, Karen Millen, The trustees of The Millen Life Interest Settlement, Don M Limited, Donald McCarthy, Tessera Holding ehf. and certain members of Mosaic Fashions hf.'s management team whose names are set out in Chapter III of this official offer document (hereinafter collectively referred to as the “Consortium”) concerning the control and operation of Mosaic Fashions hf. The Consortium collectively owns 64.4% of the issued share capital of Mosaic Fashions hf. and controls 64.4% of the voting rights. Pursuant to Article 37 of Act No. 33/2003 on Securities Transactions (hereinafter referred to as the “Act”) the agreement reached by the Consortium has resulted in the obligation on the part of the Consortium to make a mandatory takeover bid to the shareholders of Mosaic Fashions hf. (other than the members of the Consortium) to purchase the shares in Mosaic Fashions hf. held by such shareholders. Under the provisions of Chapters VI and VII of the Act the Consortium is therefore hereby making a mandatory takeover offer to Mosaic Fashions hf.'s shareholders (other than the members of the Consortium) of ISK 17.5 for each Mosaic Fashions hf. share subject to the terms and conditions set forth in this official offer document. II THE TARGET COMPANY The target company is Mosaic Fashions hf., Id. No. 550405-0320, Sudurlandsbraut 4, 108 Reykjavik, (hereinafter referred to as “Mosaic Fashions”).
    [Show full text]
  • Own-Name Brands: Are They Worth It?
    Legal decision: UK Own-name brands: are they worth it? THE CASE: Millen v Karen Millen Fashions Ltd and Anor Court of Appeal of England and Wales 15 January 2016 When fashion designer Karen Millen sold her eponymous business in 2004 trademarks bearing her name went with it, but does that stop her using her own name in other business ventures? Rachel Cook discusses Fashion designer Karen Millen was last a different name, he came full circle, ultimately While she also left her name behind, month back in the news and back in buying back the right for an undisclosed sum. in 1998 she opposed a further trademark dispute with the operator of the Karen If I didn’t make it – then is the public application made in respect of ELIZABETH Millen brand, Karen Millen Fashions. Millen deceived by the trademark? EMANUEL and followed this with an application sold the business in 2004 to Mosaic Fashions, for the ELIZABETH EMANUEL trademark to be with the designer giving the new owners revoked. Her argument was that there was a various restrictive covenants over her future “The judgment genuine risk that the average consumer would use of the name Karen Millen, KM or K.Millen be confused when buying products bearing or any others confusingly similar to them. In underlined that a the ELIZABETH EMANUEL trademark. 2011 Karen Millen Fashions sued Millen. Those trademark is an article Article 3(1)(g) of the First Trade Marks proceedings were settled, but subsequently Directive states that in order to be refused Millen issued further proceedings against of property, which or declared invalid, trademarks would need Karen Millen Fashions and Mosaic Fashions US.
    [Show full text]
  • Law À La Mode Editorial
    LAW ÀLA MODE Issue 14 – October 2014 UNDERSTANDING THE NEW EU CONSUMER RiGHTS DiRECTIVE FREE ZONES IN THE UAE KAREN MiLLEN FASHioNS LTD V DuNNEs STORES ONLINE RETAIL BUSINESS AND GERMAn eMPLOYMENT LAW CONSUMER DATA PROTECTioN IN THe EU, US AND CHINA RiSKS of AN INSOLVENT RETAIL AcQUISITioN PROTECTioN of DESIGN PATENTS for aPPAREL ONLINE RETAILING AND THE ASIAN REAl ESTATE MARKET Fashion, Retail and Design Group Contents UNDERSTANDING THE EU CONSUMER RiGHTS DiRECTIVE ......................................................................................04 An overview of the new Directive on Consumer Rights and its implementation in Belgium, France, Italy and the UK FREE ZONES IN THE UAE .............................................................................................................................................................08 What do they mean for retailers? UNREGISTERED DESIGN RiGHTS .............................................................................................................................................09 The recent CJEU ruling in Karen Millen Fashions Ltd v Dunnes Stores ONLINE RETAIL BUSINESS STRUGGLING ITS WAY THRouGH GERMAN EMPLOYMENT LAW.....................10 Protecting privacy in the EU, US and China CONSUMER DATA PROTECTioN IN ONLINE RETAIL .....................................................................................................12 Protecting privacy in the EU, US and China INSOLVENCY IN THE FASHioN RETAIL SECTOR ...............................................................................................................14
    [Show full text]
  • CV 2020 Bodil Veibaek.Indd
    CV BODIL VEIBÆK, Cand. Arch Frejasgade 6sth, 2200 København N Mobile: +45 42800501 Email: [email protected] Website: www.creatingworldswithyou.dk LinkedIn: https://www.linkedin.com/in/bodilveibaek/ SUMMARY Bodil is a versatile Design Architect, holding a masters of Architecture and Building Design from Aarhus School of Architecture, Denmark 2002 and has since been working internationally with design, graphics, and drawing for architecture, fi lm, theatre and commercials in Denmark, England and Australia. SKILLS DRAWING SKILLS Design development Expert Rhino + Vray Expert Illustration/visualisation Expert Sketchup + Vray Expert Presentation Expert AutoCad Expert Documentation Profi cient Microstation Profi cient Client facing Profi cient Vectorworks Profi cient Project Architect Profi cient Revit Profi cient Supervision of junior staff Profi cient Photoshop Expert Versatile/Adaptable Illustrator Expert - Adobe Certifi ed Team player InDesign Expert Fully fl uent in English and Danish. Aftereff ects Profi cient ARCHITECTURE Creating Worlds With You January 2019 - present Founder/Owner/Design Architect Architectural design solutions, drawing and presentation in 2D and 3D for B2B and private clients. Consulting Design Architect, The Royal Danish Theatre Consulting 3D Architect, Wang Copenhagen/1000Chairs Consulting Architect MBYland Consulting Architect Zakrisson Arkitektur Consulting Architect AXY1 Aps Green Solution & ZakArk September 2018 - present Design Architect -Freelance collaboration Design and presentation Sketchup, Rhino, AutoCad, Vray Restaurant Visuals, Oli Oli Magasin, Copenhagen Wokshop facade, Triangelen, Copenhagen Two 200m2 new build villas, Bagsværd Cocks and Cows, Østerbro courtyard Summerhouse conversion, Nykøbing Sjælland Danish Design Awards May 2017 Designer Design & Documentation Installation for the arrival area +45 82800501 [email protected] www.creatingworldswithyou.dk BODIL VEIBÆK, Cand. Arch.
    [Show full text]
  • Expansion of Domain Name Space May Shift Trademark Protection
    Annex 1 Total Number of WIPO Domain Name Cases and Domain Names by Year 7000 6000 5000 4000 3000 2000 1000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Number of Cases Number of Domain Names Year Number of Cases Number of Domain Names 2000 1857 3760 2001 1557 2465 2002 1207 2042 2003 1100 1774 2004 1176 2599 2005 1456 3312 2006 1824 2806 2007 2156 3545 2008 2329 3958 2009 2107 4685 2010 2696 4367 2011 2764 4780 2012 2884 5080 2013 2585 6191 Annex 2 Geographical Distribution of Parties in WIPO Cases in 2013: Top 25 Complainant No. of cases Respondent No. of cases United States of America 743 United States of America 650 France 318 China 445 United Kingdom 224 United Kingdon 196 Germany 181 Australia 114 Switzerland 160 Netherlands 76 Denmark 110 Turkey 75 Italy 98 Spain 64 Netherlands 86 France 60 Sweden 83 Brazil 53 Liechtenstein 79 Republic of Korea 52 Brazil 69 Canada 48 Turkey 51 Russian Federation 48 Australia 48 Germany 46 Spain 40 India 45 India 29 Panama 45 Canada 23 Switzerland 33 Luxembourg 22 Mexico 32 Japan 20 Japan 31 Austria 19 Viet Nam 22 Norway 18 Saint Kitts and Nevis 21 Mexico 16 Italy 20 Belgium 15 Chile 20 China 14 Ukraine 19 Malta 13 Poland 17 United Arab Emirates 9 Romania 16 2 Annex 3 Areas of WIPO Domain Name Complainant Activity (2013) Insurance Media and 1% Transportation Publishing Telecom 2% Hotels and 2% 1% Travel Retail 3% Electronics Automobiles 15% 5% 3% Food, Beverages and Restaurants 5% Fashion 13% Luxury Items 5% Entertainment 5% Other Heavy Industry and 12% Machinery 5% Internet
    [Show full text]
  • Julia Massey
    Julia Massey Consultant Julia completed her Henley MBA in 1990 and describes it as "a turning point in her career". Having been sponsored by PA Consulting Group (who had generously paid her fees and her salary) she realised that she wanted to be inside a company rather than a consultant. Specifically, she wanted to work in the area of retail brand, strategy and product – themes that have been woven throughout her subsequent career. Julia joined Reebok International, initially as Strategic Planning Director at International HQ in London. Reporting to the President, she created and implemented new strategic processes and frameworks for the International Division, collaborating with MDs of subsidiaries and owners of distributors. After two years, she moved to Global HQ in the USA, with responsibility for a range of products that she was able to grow to more than $50 million in sales. But some of the biggest challenges were personal. "We may speak a common language but it's not the same: you have to adjust and use their words. The culture is different too: when the British TV show The Office was shown on Public Broadcasting, I told my American colleagues they must watch, but they didn't find it funny. The humour is so different." From a corporate perspective, Julia found life in the US much faster than in the UK. But she appreciated the greater emphasis on diversity and that there were far more senior women within the organisation. "Women were empowered and, in my own case, I was able to gain a great deal of respect for my knowledge and understanding of European markets." Following a move to Atlanta and the birth of her twins – for which she had four weeks' maternity leave – Julia took two years out to look after them and, that, she says, was harder than working in business! But in 2005, she moved back to the UK, joining global private company Pentland Brands, initially as global licensing director and then Managing Director of Red or Dead, a subsidiary that traded in apparel, footwear, optical frames, bicycles and accessories.
    [Show full text]
  • Mosaic Fashions Hf. Annual Report and Accounts M O S a I C F a S H I O N S H F
    07 08 09 Annual Report and Accounts and Report Annual osaic Fashions hf. osaic Fashions M 05 06 Mosaic Fashions hf. Annual Report and Accounts 2005-06 00 01 02 03 04 . eet ashions hf aul Str United Kingdom EC2A 4PN 69-77 P London Mosaic F contents Overview 1 Chairman’s statement 4 CEO’s statement 6 Oasis 8 Karen Millen 10 Coast 12 Whistles 14 Future growth 16 Finance Director’s report 20 Board of directors 22 Corporate responsibility 23 Corporate governance 24 Financial statements 26 Designed and produced by Loewy Group +44 (0)20 7798 2000 our vision Our vision is to develop a portfolio of differentiated, upmarket womenswear brands through a combination of organic growth and strategic acquisitions, utilising our extensive knowledge and experience in this sector of the market. We will also optimise the economies of scale and greater efficiencies deriving from our common infrastructure, as well as leverage shared skills across the group. We aim to realise the potential of the business through carefully considered international expansion and brand extensions, and invest in our people to create a culture of innovation and mutual growth. The strength and depth of our management team and the success that we have already achieved is a testament to our ability to take Mosaic Fashions’ brands to the top of the sector. Our goal is to deliver high quality, design-led products for our customers, rewarding partnerships for both our staff and suppliers, and solid returns for our investors. EBITDA Sales Trading profit For the year ended January 28, 2006
    [Show full text]
  • Bloomingdale's Loves Great Britain
    September 3, 2013 Bloomingdale’s Loves Great Britain NEW YORK--(BUSINESS WIRE)-- Bloomingdale’s collaborates with iconic British brands to create exclusive merchandise for him, her, children, and the home. Shoppers will enjoy #onlyours merchandise in-store and online. Let’s celebrate all things stylishly GREAT about Britain by joining the @bloomingdales conversation with #BloomiesLovesUK. Gents can shop for exclusive styles and capsule collections from over 50 designers, offering 300+ must-have fashions for fall. Along with exclusives from Burberry, Drake’s, Paul Smith, Turnbull & Asser and more, also included in the round-up for him are Farrell, Flying Horse Jeans, Marwood, and Wolsey, all of which are making their American debut exclusively at Bloomingdale’s. Women can bring their own taste of Great Britain into their wardrobe via exclusive capsule collections from designers such as AllSaints, Karen Millen, Reiss, and Ted Baker. She’ll also be able to show off her British love affair with UK-inspired exclusives from Aqua, Quotation, Wild Fox, and more. Ladies can accessorize with exclusives from designers like Burberry, Kardinale, The Cambridge Satchel Company, and others. The retailer also put a British spin on the iconic reusable “Little Brown Bag.” Even her lingerie can celebrate the UK with the launch of L’Agent designed by Penélope and Monica Cruz for British favorite Agent Provocateur. As a special treat for the British loving beauty buffs, Bloomingdale’s will be the exclusive U.S. department store launch for the UK’s own Illamasqua. Boys and girls can go back-to-school in style with British inspired fashions from Aqua, Hunter, Kiddo, me.n.u, Trunk, and more.
    [Show full text]