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Bill Archer (businessman)
William Ernest Archer is a British businessman. Career In 1987 Archer and Greg Stanley of Fads DIY acquired Choice DIY, a small do it yourself (DIY) company with six stores in the Midlands and the north of England for £900,000. In 1988 the Focus DIY company was bought by Archer and all stores were re-branded Focus DIY. With the help of private equity the chain grew to 72 stores in the United Kingdom. By 2002 the chain had grown to over 450 stores following several buyouts including the Wickes DIY chain. Archer and his partners received over £650 million from the sale of Wickes in 2005. When his core Focus business was in financial difficulty, US private equity firm Cerberus Capital Management bought Focus for £1 in June 2007. Cerberus, which also took on debts of £180m, brought in Bill Grimsey, former chief executive of Wickes. "When we came in, staff morale had been wiped out and the shelves had no stock because suppliers thought it was going bust. The business was sti ...
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Greg Stanley
Greg is a masculine given name, and often a shortened form of the given name Gregory. Greg (more commonly spelled " Gregg") is also a surname. People with the name *Greg Abbott (other), multiple people * Greg Abel (born 1961/1962), Canadian businessman *Greg Adams (other), multiple people *Greg Allen (other), multiple people * Greg Anderson (other), multiple people *Greg Austin (other), multiple people * Greg Ball (other), multiple people *Greg Bell (other), multiple people *Greg Bennett (other), multiple people * Greg Berlanti (born 1972), American writer and producer *Greg Biffle (born 1969), American NASCAR driver *Greg Blankenship (born 1954), American football player *Greg Boyd (other), multiple people *Greg Boyer (other), multiple people *Greg Brady (broadcaster) (born 1971), Canadian sports radio host * Greg Brock (baseball) (born 1957), American baseball player *Greg Brooker (disambigu ...
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Do It Yourself
"Do it yourself" ("DIY") is the method of building, modifying, or repairing things by oneself without the direct aid of professionals or certified experts. Academic research has described DIY as behaviors where "individuals use raw and semi-raw materials and parts to produce, transform, or reconstruct material possessions, including those drawn from the natural environment (e.g., landscaping)". DIY behavior can be triggered by various motivations previously categorized as marketplace motivations (economic benefits, lack of product availability, lack of product quality, need for customization), and identity enhancement (craftsmanship, empowerment, community seeking, uniqueness). The term "do-it-yourself" has been associated with consumers since at least 1912 primarily in the domain of home improvement and maintenance activities. The phrase "do it yourself" had come into common usage (in standard English) by the 1950s, in reference to the emergence of a trend of people undert ...
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English Midlands
The Midlands (also referred to as Central England) are a part of England that broadly correspond to the Kingdom of Mercia of the Early Middle Ages, bordered by Wales, Northern England and Southern England. The Midlands were important in the Industrial Revolution of the 18th and 19th centuries. They are split into the West Midlands and East Midlands. The region's biggest city, Birmingham often considered the social, cultural, financial and commercial centre of the Midlands, is the second-largest city and metropolitan area in the United Kingdom. Symbolism A saltire (diagonal cross) may have been used as a symbol of Mercia as early as the reign of Offa. By the 13th century, the saltire had become the attributed arms of the Kingdom of Mercia. The arms are blazoned ''Azure, a saltire Or'', meaning a gold (or yellow) saltire on a blue field. The saltire is used as both a flag and a coat of arms. As a flag, it is flown from Tamworth Castle, the ancient seat of the Mercian Kings, to t ...
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England
England is a country that is part of the United Kingdom. It shares land borders with Wales to its west and Scotland to its north. The Irish Sea lies northwest and the Celtic Sea to the southwest. It is separated from continental Europe by the North Sea to the east and the English Channel to the south. The country covers five-eighths of the island of Great Britain, which lies in the North Atlantic, and includes over 100 smaller islands, such as the Isles of Scilly and the Isle of Wight. The area now called England was first inhabited by modern humans during the Upper Paleolithic period, but takes its name from the Angles, a Germanic tribe deriving its name from the Anglia peninsula, who settled during the 5th and 6th centuries. England became a unified state in the 10th century and has had a significant cultural and legal impact on the wider world since the Age of Discovery, which began during the 15th century. The English language, the Anglican Church, and Engli ...
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Focus DIY
Focus DIY was a privately owned chain of DIY stores in the United Kingdom. It served the consumer DIY market sector, and most stores had some form of garden centre. At its peak in 2002, it was the second-largest DIY retailer in the United Kingdom, although by 2011, it was the fourth. The main competitors were B&Q, Homebase and Wickes. The company operated 178 stores in the United Kingdom with 3,000 employees, but had been running losses every year since 2007. In the year up to 2011, the company had a loss of £25 million.Ernst & Young. Administrators' Statement of Proposal. 24 June 2011 On 4 May 2011, the Focus Group announced that it was going to enter administration; the following group companies went into administration: Focus (DIY) Limited, Focus (Investments) Limited, Payless DIY Limited, Payless Properties Limited, Do It All Limited and Do It All (Holdings) Limited. The company entered administration on 5 May 2011, with Ernst & Young appointed as administrators. As n ...
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Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ...
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Wickes
Wickes is a home improvement retailer and garden centre, based in the United Kingdom with more than 230 stores throughout the country. Its main business is the sale of supplies and materials, for homeowners and the building trade. It is listed on the London Stock Exchange. History Wickes was founded by Henry Dunn Wickes, in Michigan, United States in 1854, and in 1972, Wickes Corporation, along with British builders merchant, ''Sankeys'', opened its first store in the United Kingdom. By 1987, Wickes was trading from forty one locations, and was floated on the London Stock Exchange under the leadership of CEO, Henry Sweetbaum. Serious accounting irregularities, involving the overstatement of profits, were uncovered in June 1996. In November 1996, Bill Grimsey was appointed CEO, to oversee its recovery from the scandal, that saw its share price suspended and the banks foreclosing. In January 1997, Grimsey launched a rights issue, started an employee share scheme, and turned aro ...
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Cerberus Capital Management
Cerberus Capital Management, L.P. is an American private equity firm,Leaders Magazine"Providing Economic Opportunity: An Interview with The Honorable Dan Quayle, Chairman, Cerberus Global Investments, LLC". specializing in distressed investing. The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director. The firm has affiliate and advisory offices in the United States, Europe and Asia. Cerberus has around US$55 billion under management in funds and accounts. The company is a U.S. Securities and Exchange Commission Registered Investment Adviser. Investors include government and private sector pension and retirement funds, charitable foundations, university endowments, insurance companies, family savings and sovereign wealth funds. History Cerberus is named after the mythological three-headed dog that guarded the gates of Hell. Feinberg has stated that while the Cerberus n ...
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Goldstone Ground
The Goldstone Ground (or The Goldstone) was a football stadium in Hove, East Sussex that was the home ground of Brighton & Hove Albion between 1902 and 1997. History The Goldstone Ground stood on Old Shoreham Road, Hove, opposite Hove Park in a partly residential area. The area was previously part of Goldstone Farm and was first used for a football match by Hove F.C. on 7 September 1901. Albion played there for the first time on 22 February 1902, and it became the club's permanent home the next season. The main West Stand was largely built in 1958 and consisted of seating and terraces. The South Stand was originally built in 1949 and served family spectators. The North Stand was built in 1984 and consisted solely of terracing. The East Stand was formed of uncovered terraces. Floodlights were first installed in 1961. The ground also hosted football games for the 1948 Olympic Games, one of only two grounds outside London (the other being Fratton Park). On 23 September 1992, ...
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Hove
Hove is a seaside resort and one of the two main parts of the city of Brighton and Hove, along with Brighton in East Sussex, England. Originally a "small but ancient fishing village" surrounded by open farmland, it grew rapidly in the 19th century in response to the development of its eastern neighbour Brighton, and by the Victorian era it was a fully developed town with borough status. Neighbouring parishes such as Aldrington and Hangleton were annexed in the late 19th and early 20th centuries. The neighbouring urban district of Portslade was merged with Hove in 1974. In 1997, as part of local government reform, the borough merged with Brighton to form the Borough of Brighton and Hove, and this unitary authority was granted city status in 2000. Name and etymology Old spellings of Hove include Hou (Domesday Book, 1086), la Houue (1288), Huua (13th century), Houve (13th and 14th centuries), Huve (14th and 15th centuries), Hova (16th century) and Hoova (1675). The etymology ...
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Brighton & Hove Albion F
Brighton () is a seaside resort and one of the two main areas of the City of Brighton and Hove in the county of East Sussex, England. It is located south of London. Archaeological evidence of settlement in the area dates back to the Bronze Age, Roman and Anglo-Saxon periods. The ancient settlement of "Brighthelmstone" was documented in the ''Domesday Book'' (1086). The town's importance grew in the Middle Ages as the Old Town developed, but it languished in the early modern period, affected by foreign attacks, storms, a suffering economy and a declining population. Brighton began to attract more visitors following improved road transport to London and becoming a boarding point for boats travelling to France. The town also developed in popularity as a health resort for sea bathing as a purported cure for illnesses. In the Georgian era, Brighton developed as a highly fashionable seaside resort, encouraged by the patronage of the Prince Regent, later King George IV, who spent m ...
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David Bellotti
David Frank Bellotti (13 August 1943 – 10 June 2015) was a British Liberal Democrat politician who was Member of Parliament (MP) for the Eastbourne constituency from 1990 to 1992. He was the first Liberal Democrat politician to win a parliamentary election, following the formation of the party through the merger of the Liberal Party and the SDP. He was also the most recent UK Member of Parliament to successfully take a seat from an opposing party following the assassination of the incumbent politician. Early life Bellotti attended Exeter School and then went on to complete diplomas in youth service and counselling. He studied part-time at the University of Sussex, gaining a MA in education policy. Political career Bellotti first contested the Eastbourne seat at the 1979 general election, subsequently fighting Lewes in the 1983 and 1987 general elections under the Liberal banner. He then won the parliamentary seat of Eastbourne for the Liberal Democrats in the 1990 by-elect ...
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