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Criterion Capital
Criterion Capital is a privately-held British property company, which owns and manages property estate in prime areas of London, particularly in Leicester Square and Piccadilly Circus. History The company was founded by current Chief Executive Asif Aziz, a Malawi-born developer. The company's flagship project is the London Trocadero leisure complex on Piccadilly Circus, which was acquired in 2005. Part of the building was converted into a hotel which opened in 2020: the Zedwell Piccadilly has 728 windowless rooms and a large rooftop bar. In April 2020, the company served its tenants with notices that they would be met with legal action if they did not pay rent during the COVID-19 pandemic in the United Kingdom, despite the government moratorium on evictions. The company extended rent-free periods to some tenants that were deemed to be "in need." Plans were submitted in May 2020 to develop parts of the building's basement into a mosque. These plans drew controversy as the ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Real Estate
Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more generally) buildings or housing in general."Real estate": Oxford English Dictionary online: Retrieved September 18, 2011 In terms of law, ''real'' is in relation to land property and is different from personal property while ''estate'' means the "interest" a person has in that land property. Real estate is different from personal property, which is not permanently attached to the land, such as vehicles, boats, jewelry, furniture, tools and the rolling stock of a farm. In the United States, the transfer, owning, or acquisition of real estate can be through business corporations, individuals, nonprofit corporations, fiduciaries, or any legal entity as seen within the law of each U.S. state. History of real estate The natural right of a person t ...
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Asif Aziz
Asif Aziz is a London-based billionaire entrepreneur and philanthropist. As the founder and Chief Executive of Criterion Capital, he is known for owning and operating key landmarks including the London Trocadero and Criterion Building in Piccadilly Circus. Aziz is also the founder of family based charity the Aziz Foundation. Early life Born in Malawi in 1967, Aziz moved to London at the age of six. He acquired his first London property in the 1980s, whilst still at school. He graduated from the British American College London with a business baccalaureate. Career In an interview with City AM, Aziz said that, "When I was still in school, I was intrigued by the London property market. My first ‘real’ job was at Morgan Grenfell Laurie where I learnt from the best in the commercial property industry. My first actual job was at McDonald’s flipping burgers." Aziz added, "I fell in love with property when I was just 16 and made my first acquisition." According to Private Eye, q ...
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Chief Executive Officer
A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially an independent legal entity such as a company or nonprofit institution. CEOs find roles in a range of organizations, including public and private corporations, non-profit organizations and even some government organizations (notably state-owned enterprises). The CEO of a corporation or company typically reports to the board of directors and is charged with maximizing the value of the business, which may include maximizing the share price, market share, revenues or another element. In the non-profit and government sector, CEOs typically aim at achieving outcomes related to the organization's mission, usually provided by legislation. CEOs are also frequently assigned the role of main manager of the organization and the highest-ranking offic ...
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London
London is the capital and largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary down to the North Sea, and has been a major settlement for two millennia. The City of London, its ancient core and financial centre, was founded by the Romans as '' Londinium'' and retains its medieval boundaries.See also: Independent city § National capitals The City of Westminster, to the west of the City of London, has for centuries hosted the national government and parliament. Since the 19th century, the name "London" has also referred to the metropolis around this core, historically split between the counties of Middlesex, Essex, Surrey, Kent, and Hertfordshire, which largely comprises Greater London, governed by the Greater London Authority.The Greater London Authority consists of the Mayor of London and the London Assembly. The London Mayor is distinguished fr ...
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Leicester Square
Leicester Square ( ) is a pedestrianised square in the West End of London, England. It was laid out in 1670 as Leicester Fields, which was named after the recently built Leicester House, itself named after Robert Sidney, 2nd Earl of Leicester. The square was originally a gentrified residential area, with tenants including Frederick, Prince of Wales and the artists William Hogarth and Joshua Reynolds. It became more down-market in the late 18th century as Leicester House was demolished and retail developments took place, becoming a centre for entertainment. Several major theatres were built in the 19th century, which were converted to cinemas towards the middle of the next. Leicester Square is the location of nationally significant cinemas such as the Odeon Leicester Square, Empire, Leicester Square, which are often used for film premieres (and the now closed Odeon West End). The nearby Prince Charles Cinema is known for its screenings of cult films and marathon film runs. The ...
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Malawi
Malawi (; or aláwi Tumbuka: ''Malaŵi''), officially the Republic of Malawi, is a landlocked country in Southeastern Africa that was formerly known as Nyasaland. It is bordered by Zambia to the west, Tanzania to the north and northeast, and Mozambique to the east, south and southwest. Malawi spans over and has an estimated population of 19,431,566 (as of January 2021). Malawi's capital (and largest city) is Lilongwe. Its second-largest is Blantyre, its third-largest is Mzuzu and its fourth-largest is its former capital, Zomba. The name ''Malawi'' comes from the Maravi, an old name for the Chewa people who inhabit the area. The country is nicknamed "The Warm Heart of Africa" because of the friendliness of its people. The part of Africa now known as Malawi was settled around the 10th century by migrating Bantu groups . Centuries later, in 1891, the area was colonised by the British and became a protectorate of the United Kingdom known as Nyasaland. In 1953, it became ...
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London Trocadero
The London Trocadero was an entertainment complex on Coventry Street, with a rear entrance in Shaftesbury Avenue, London. It was originally built in 1896 as a restaurant, which closed in 1965. In 1984, the complex reopened as an exhibition and entertainment space. It became known for the video-game oriented SegaWorld attractions which were added in 1996, and later downscaled and renamed to "Funland" before its closure in 2011. Part of the building was opened as a hotel in 2020. The complex incorporates separate historic London buildings, including the old London Pavilion Theatre (a former venue for the Palace of Varieties), the New Private Subscription Theatre, the Royal Albion Theatre, the Argyll Subscription Rooms, the Eden Theatre and the Trocadero Restaurant. The name Trocadero indirectly derives from the Battle of Trocadero in 1823, through the Palais du Trocadéro in Paris, named after the French victory. Since at least 1919, the Trocadero has been abbreviated to the Troc o ...
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Expedia
Expedia Inc. is an online travel agency owned by Expedia Group, an American online travel shopping company based in Seattle. The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. It is owned and operated by Expedia Group. History Expedia.com launched on October 22, 1996, as a division of Microsoft. In 1999, Microsoft spun off the company as a public company. Rich Barton became Expedia's CEO. In July 2001, USA Networks, Inc. bought Expedia from Microsoft. In December 2010, listings for AMR Corporation, the parent company of American Airlines and American Eagle Airlines, were suspended by Expedia due to a dispute over how American's fares and schedules appeared in the site's search results AMR and Expedia reached an agreement in April 2011, allowing tickets to once again be sold through the aggregate site. In June 2014, Expedia started accepting bitcoins. Starting the 2018-21 cycle, Expedia Gr ...
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Economic Impact Of The COVID-19 Pandemic In The United Kingdom
The economic impact of the global COVID-19 pandemic on the United Kingdom has been largely disruptive. It has adversely affected travel, financial markets, employment, a number of industries, and shipping. Charity fundraising A number of charities reported significant drops in income as a funding hole of £4 billion was identified, as fund-raising events were cancelled. Several individuals and groups began to raise funds for charitable organisations working to support those affected by the pandemic. 99-year-old Tom Moore raised over £28.2 million, the largest-ever amount raised by a JustGiving campaign. The London Marathon, the world's biggest annual one-day fundraising event, was postponed from its April slot until October 2020. In 2019 £66.4m was raised for charities on the day of the Marathon. To compensate for the loss of income the Mass Participation Sports Organisers group organised The 2.6 Challenge. On 18 April, several UK artists participated in ...
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The Times
''The Times'' is a British daily national newspaper based in London. It began in 1785 under the title ''The Daily Universal Register'', adopting its current name on 1 January 1788. ''The Times'' and its sister paper ''The Sunday Times'' (founded in 1821) are published by Times Newspapers, since 1981 a subsidiary of News UK, in turn wholly owned by News Corp. ''The Times'' and ''The Sunday Times'', which do not share editorial staff, were founded independently and have only had common ownership since 1966. In general, the political position of ''The Times'' is considered to be centre-right. ''The Times'' is the first newspaper to have borne that name, lending it to numerous other papers around the world, such as ''The Times of India'', ''The New York Times'', and more recently, digital-first publications such as TheTimesBlog.com (Since 2017). In countries where these other titles are popular, the newspaper is often referred to as , or as , although the newspaper is of nationa ...
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