Luxembourg-based investment firm L-GAM is exploring options to divest its stake in premium outerwear maker Woolrich International, two sources close to the matter told Reuters. L-GAM, which was established in 2013 in partnership with the princely family of Liechtenstein, has picked U.S. investment bank Houlihan Lokey as financial adviser for a possible sale, one of the sources said. The private equity firm bought a majority stake in Woolrich in 2019 with the aim of expanding internationally the brand famous for its parka coats with fur-hemmed hoods.
Labour’s shadow chancellor Rachel Reeves said the Government is ‘planning to pick pensioners pockets’.
Planning a car journey this weekend? The stretch of the M25 between junction 10 and 11 will be shut in both directions between 9pm on Friday 10 May and 6am on Monday 13 May, while necessary improvement work takes place – and it could affect your journey.