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Head Entertainment
Head Entertainment was an entertainment retail chain in the United Kingdom. The company was formed on 18 February 2009 when Simon Douglas, former managing director of Zavvi and business partner Les Whitfield, purchased five stores from Zavvi Entertainment Group which was placed in administration on 24 December 2008. All stores closed in early 2010 after less than a year of trading. History Virgin Megastores Richard Branson started his first Virgin store on London's Oxford Street in 1971. In 1979, the company opened their first Megastore at the end of Oxford Street and Tottenham Court Road. Between the 1980s and 1990s, the chain grew, most notably through its merger with Our Price whilst under the ownership of WH Smith. By the 1990s Virgin Megastores had become an international franchise as part of the Virgin Group. During the early to mid 2000s Virgin Group decided to sell off most of its Virgin Megastores to various companies, including the French stores to the Lagarder ...
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Private Limited Company
A private limited company is any type of business entity in "private" ownership used in many jurisdictions, in contrast to a publicly listed company, with some differences from country to country. Examples include the '' LLC'' in the United States, ''private company limited by shares'' in the United Kingdom, '' GmbH'' in Germany and Austria, ''société à responsabilité limitée'' in France, and ''sociedad de responsabilidad limitada'' in the Spanish-speaking world. The benefit of having a private limited company is that there is limited liability. However, shares can only be sold to shareholders in the business, which means that it can be difficult to liquidate such a company. Abbreviations Albania In Albania a limited liability company ( sq, Shoqëri me përgjegjësi të kufizuar Sh.p.k) is a commercial company founded by persons of physical or judicial status, who are not liable for the company and personally bear losses only up to the outstanding contribution agreeme ...
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Virgin Group
Virgin Group Ltd. is a British multinational venture capital conglomerate founded by Richard Branson and Nik Powell in February 1970. Virgin Group's date of incorporation is listed as 1989 by the Companies House, who class it as a holding company; however Virgin's business and trading activities date back to the 1970s. The net worth of Virgin Group was estimated at £5–5.5 billion as of November 2014. History The name "Virgin" arose in 1970 when Richard Branson and Nik Powell formed a record shop, first as mail order and in 1971 with a physical store. They considered themselves virgins in business. Branson has described the "V" in the logo as an expressive tick, representing the Virgin seal of approval. The original logo from 1973 was a completely different design intended to be used for the record company that was founded by Richard Branson and Nik Powell. The logo was designed by British science-fiction artist and designer Roger Dean. According to Richard Brans ...
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HMV Group
Sunrise Records and Entertainment, trading as HMV (for His Master's Voice), is a British music and entertainment retailer, currently operating exclusively in the United Kingdom. The first HMV-branded store was opened by the Gramophone Company on London's Oxford Street in 1921, and the HMV name was also used for television and radio sets manufactured from the 1930s onwards. The retail side of the business began to expand in the 1960s, and in 1998 was divested from EMI, the successor to the Gramophone Company, to form what would become HMV Group. HMV stands for His Master's Voice, the title of a painting by Francis Barraud of Nipper listening to a Phonograph cylinder, bought by the Gramophone Company in 1899. For advertising purposes this was changed to a wind-up gramophone, and eventually used simply as a silhouette. HMV owned the Waterstones bookshop chain from 1998 until 2011, and has owned the music retailer Fopp since August 2007. It purchased a number of former Zavvi stores ...
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Woolworths Group (United Kingdom)
Woolworth (officially Woolworths Group PLC) was a listed British company that owned the High Street retail chain Woolworths. It also owned other companies such as the entertainment distributor Entertainment UK, and book and resource distributor Bertram Books. The Woolworths store chain was the main enterprise of the group. Originally a division of the American F. W. Woolworth Company until its sale in the early 1980s, it had more than 800 stores in the UK prior to closure. Woolworths sold many goods and had its own Ladybird (clothing), Ladybird children's clothing range, WorthIt! value range and Chad Valley (toy brand), Chad Valley toys. They were also well known for selling Candyking pick 'n' mix sweets. It was sometimes referred to as Woolies by the UK media, the general public, and occasionally in its own television adverts. The British company also owned and ran F. W. Woolworth Ireland until 1984 and Woolworths (Cyprus) until 2003. On 26 November 2008, trading of shares i ...
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Entertainment UK
Entertainment UK Limited (EUK) was a retail supply and distribution company and a wholly owned subsidiary of Woolworths Group. The company, and Woolworths plc, entered administration with Deloitte on 26 November 2008. EUK claimed to have had a turnover in excess of £1.4 billion per annum, and over 160,000 lines of products. History Entertainment UK was founded as Record Merchandisers Limited in 1966 by EMI Records to distribute music to non-specialist retailers. It later became a joint venture between a number of record companies. Woolworths became Entertainment UK's largest customer and in 1986 Record Merchandisers Limited was acquired by Kingfisher plc. In 1988, Record Merchandisers Limited changed its name to Entertainment UK (EUK). EUK became the property of Woolworths Group after the demerger from parent company Kingfisher in 2001. In 2006, Woolworths Group acquired Total Home Entertainment Distribution Limited (THE) to form part of EUK division. In November 2007 EUK acq ...
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Management Buy-out
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ...
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Related Companies
The Related Companies, L.P. is an American real estate firm in New York City, with offices and developments in Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, London, São Paulo and Shanghai. Related has more than 3,000 employees and is the largest landlord in New York City with over 8,000 residential rental units under ownership. Related manages about $4 billion of equity capital on behalf of sovereign wealth funds, public pension plans, multi-managers, endowments, Taft-Hartley benefits plans, and family offices. Related has developed mixed-use projects such as Time Warner Center and the Bronx Terminal Market in New York City and CityPlace in West Palm Beach. Related is developing the Hudson Yards Redevelopment Project, which comprises in Manhattan's Chelsea and Hell's Kitchen neighborhoods. History In 1972, Stephen M. Ross founded Related Companies with a $10,000 loan from his mother and a business plan focused on affordable housing. In 198 ...
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WH Smith
WHSmith (also written WH Smith, and known colloquially as Smith's and formerly as W. H. Smith & Son) is a British retailer, headquartered in Swindon, England, which operates a chain of high street, railway station, airport, port, hospital and motorway service station shops selling books, stationery, magazines, newspapers, entertainment products and confectionery. The company was formed by Henry Walton Smith and his wife Anna in 1792 as a news vendor in London. It remained under the ownership of the Smith family for many years and saw large-scale expansion during the 1970s as the company began to diversify into other markets. Following a rejected private equity takeover in 2004, the company began to focus on its core retail business. It was responsible for the creation of the ISBN book identifier. WHSmith is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. History Formation In 1792, Henry Walton Smith and his wife Anna established the business ...
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Our Price
Our Price was a chain of record stores in the United Kingdom and Ireland from 1971 until 2004. History Founded in 1971 by Gary Nesbitt, Edward Stollins and Mike Isaacs, their first store was located in London's Finchley Road. Until 1976, the first six stores were branded ''The Tape Revolution'', by Bob Fowler of Fowler Coates Ltd and concentrated on selling the then-new compact cassette format and eight track tapes. From 1976, the chain was rebranded as Our Price Records, in response to higher demand for vinyl records over eight tracks or cassettes. In 1988, it was rebranded once again as ''Our Price Music'', as record labels began to distribute the new CD format. In 1993, the by then three-hundred-store chain was renamed for the final time simply as Our Price. The company's headquarters were in London, with an administrative office above the store on Kensington High Street and promotional offices in Wood Lane, White City. It initially focused on the rock album buyer, with ...
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Tottenham Court Road
Tottenham Court Road (occasionally abbreviated as TCR) is a major road in Central London, almost entirely within the London Borough of Camden. The road runs from Euston Road in the north to St Giles Circus in the south; Tottenham Court Road tube station lies just beyond the southern end of the road. Historically a market street, it became known for selling electronics and white goods in the 20th century. The street takes its name from the manor (estate) of ''Tottenham Court'', whose lands lay toward the north and west of the road, in the parish of St Pancras. ''Tottenham Court'' was not directly connected to the district of Tottenham in the London Borough of Haringey. Geography Tottenham Court Road runs from Euston Road in the north, to St Giles Circus (the junction of Oxford Street and Charing Cross Road) at its southern end. The road lies almost entirely within the London Borough of Camden near its boundary with the City of Westminster, a distance of about three-quarters of ...
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