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Jack Lyons (financier)
Isidore Jack Lyons (known before 1991 as Sir Isidore Jack Lyons, CBE; 1 February 191618 February 2008) was a British financier and philanthropist. After building up a substantial retail business with his brother Bernard Lyons (1913-2008), he was charged in 1987 in the Guinness share-trading fraud. He was convicted and was heavily fined. Subsequent judgments from the European Court of Human Rights held that his trial was not fair. However, the convictions of Lyons and the other members of the Guinness Four were upheld by the Court of Appeal of England and Wales and the House of Lords. Lyons was a significant philanthropist to the arts in Britain for many decades, donating to the London Symphony Orchestra, the University of York, the Royal Academy of Music and the Royal Opera House among others. Lyons had been awarded the CBE in 1967 and knighted in 1973 for public and charitable services and services to the arts, but both these honours were rescinded in 1991 in the wake of his ...
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Order Of The British Empire
The Most Excellent Order of the British Empire is a British order of chivalry, rewarding contributions to the arts and sciences, work with charitable and welfare organisations, and public service outside the civil service. It was established on 4 June 1917 by King George V and comprises five classes across both civil and military divisions, the most senior two of which make the recipient either a knight if male or dame if female. There is also the related British Empire Medal, whose recipients are affiliated with, but not members of, the order. Recommendations for appointments to the Order of the British Empire were originally made on the nomination of the United Kingdom, the self-governing Dominions of the Empire (later Commonwealth) and the Viceroy of India. Nominations continue today from Commonwealth countries that participate in recommending British honours. Most Commonwealth countries ceased recommendations for appointments to the Order of the British Empire when ...
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Whiteleys
Whiteleys was a shopping centre in Bayswater, London. It was built in the retail space of the former William Whiteley Limited department store, which opened in 1911 as one of London's first department stores, and was one of the main department stores, alongside Selfridge's, Liberty's and Harrods. The centre's main entrance was located on Queensway. The building is owned by Meyer Bergman and CC Land. In December 2018, Whiteleys was closed for redevelopment. It is due to be converted into a Norman Foster-designed mixed-use asset comprising condominium apartments, a Six Senses hotel, and retail units on the ground floor. History Original store The original Whiteleys department store was created by William Whiteley, who started a drapery shop at 31 Westbourne Grove in 1863. By 1867 it had expanded to a row of shops containing 17 separate departments. Dressmaking was started in 1868, and a house agency and refreshment room, the first ventures outside drapery, opened in 1872. ...
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Office Of Fair Trading
The Office of Fair Trading (OFT) was a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the United Kingdom's economic regulator. The OFT's goal was to make markets work well for consumers, ensuring vigorous competition between fair dealing businesses and prohibiting unfair practices such as rogue trading, scams, and cartels. Its role was modified and its powers changed with the Enterprise Act 2002. The Department for Business, Innovation and Skills (BIS) announced reforms to the consumer protection and competition regimes. Under the provisions of the Enterprise and Regulatory Reform Act 2013, the Competition and Markets Authority (CMA) was established on 1 April 2014, combining many of the functions of the OFT and the Competition Commission and superseding both. Regulation for the consumer credit industry passed from the OFT to the new Financial Conduc ...
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United Distillers
United Distillers was a Scottish company formed in 1987 from combining the businesses of Distillers Company and Arthur Bell & Sons, both owned by Guinness. The company owned six single malt Scotch brands, which were relaunched as the ''Classic Malts'' range. It also owned the Bernheim distillery (now owned by Heaven Hill) and the Stitzel-Weller distillery, both in Louisville, Kentucky in the United States. In 1997 Guinness merged with Grand Metropolitan to create Diageo, and in 1998 United Distillers was merged with International Distillers & Vintners to create United Distillers & Vintners, forming the spirits division of Diageo plc. In 2001 the company was renamed Guinness United Distillers & Vintners Scotland, and then renamed once again in 2002 to become Diageo Scotland (registered in Scotland, No. SC000750). See also * Guinness share-trading fraud The Guinness share-trading fraud was a major business scandal of the 1980s. It involved the manipulation of the London stock ...
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Guinness
Guinness () is an Irish dry stout that originated in the brewery of Arthur Guinness at St. James's Gate, Dublin, Ireland, in 1759. It is one of the most successful alcohol brands worldwide, brewed in almost 50 countries, and available in over 120. Sales in 2011 amounted to . In spite of declining consumption since 2001, it is the best-selling alcoholic drink in Ireland where Guinness & Co. Brewery makes almost €2 billion worth of beer annually. The Guinness Storehouse is a tourist attraction at St. James's Gate Brewery in Dublin, Ireland. Since opening in 2000, it has received over 20 million visitors. Guinness's flavour derives from malted barley and roasted unmalted barley, a relatively modern development, not becoming part of the grist until the mid-20th century. For many years, a portion of aged brew was blended with freshly brewed beer to give a sharp lactic acid flavour. Although Guinness's palate still features a characteristic "tang", the company has refus ...
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Bain & Company
Bain & Company is an American management consulting company headquartered in Boston, Massachusetts. The firm provides advice to public, private, and non-profit organizations. One of the Big Three management consultancies, Bain & Company was founded in 1973 by former Group Vice President of Boston Consulting Group Bill Bain and his colleagues, including Patrick F. Graham. In the late 1970s and early 1980s, the firm grew rapidly. Bill Bain later spun off the alternative investment business into Bain Capital in 1984 and appointed Mitt Romney as its first CEO. Bain experienced several setbacks and financial troubles from 1987 to the early 1990s. Romney and Orit Gadiesh are credited with returning the firm to profitability and growth in their sequential roles as the firm's CEO and chairman respectively. In the 2000s, Bain & Company continued to expand and create additional practice areas focused on working with non-profits, technology companies, and others. It developed a substan ...
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Margaret Thatcher
Margaret Hilda Thatcher, Baroness Thatcher (; 13 October 19258 April 2013) was Prime Minister of the United Kingdom from 1979 to 1990 and Leader of the Conservative Party from 1975 to 1990. She was the first female British prime minister and the longest-serving British prime minister of the 20th century. As prime minister, she implemented economic policies that became known as Thatcherism. A Soviet journalist dubbed her the "Iron Lady", a nickname that became associated with her uncompromising politics and leadership style. Thatcher studied chemistry at Somerville College, Oxford, and worked briefly as a research chemist, before becoming a barrister. She was elected Member of Parliament for Finchley in 1959. Edward Heath appointed her Secretary of State for Education and Science in his 1970–1974 government. In 1975, she defeated Heath in the Conservative Party leadership election to become Leader of the Opposition, the first woman to lead a major poli ...
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Edward Heath
Sir Edward Richard George Heath (9 July 191617 July 2005), often known as Ted Heath, was a British politician who served as Prime Minister of the United Kingdom from 1970 to 1974 and Leader of the Conservative Party from 1965 to 1975. Heath also served for 51 years as a Member of Parliament from 1950 to 2001. Outside politics, Heath was a yachtsman, a musician, and an author. Born to a lady's maid and a carpenter, Heath was educated at a grammar school in Ramsgate, Kent ( Chatham House Grammar School for boys) and became a leader within student politics while studying at the University of Oxford. He served as an officer in the Royal Artillery during the Second World War. He worked briefly in the Civil Service, but resigned in order to stand for Parliament, and was elected for Bexley at the 1950 election. He was promoted to become Chief Whip by Anthony Eden in 1955, and in 1959 was appointed to the Cabinet by Harold Macmillan as Minister of Labour. He later held the role of ...
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Prime Minister Of The United Kingdom
The prime minister of the United Kingdom is the head of government of the United Kingdom. The prime minister advises the sovereign on the exercise of much of the royal prerogative, chairs the Cabinet and selects its ministers. As modern prime ministers hold office by virtue of their ability to command the confidence of the House of Commons, they sit as members of Parliament. The office of prime minister is not established by any statute or constitutional document, but exists only by long-established convention, whereby the reigning monarch appoints as prime minister the person most likely to command the confidence of the House of Commons; this individual is typically the leader of the political party or coalition of parties that holds the largest number of seats in that chamber. The prime minister is '' ex officio'' also First Lord of the Treasury, Minister for the Civil Service and the minister responsible for national security. Indeed, certain privileges, such a ...
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Conservative Party (UK)
The Conservative Party, officially the Conservative and Unionist Party and also known colloquially as the Tories, is one of the two main political parties in the United Kingdom, along with the Labour Party. It is the current governing party, having won the 2019 general election. It has been the primary governing party in Britain since 2010. The party is on the centre-right of the political spectrum, and encompasses various ideological factions including one-nation conservatives, Thatcherites, and traditionalist conservatives. The party currently has 356 Members of Parliament, 264 members of the House of Lords, 9 members of the London Assembly, 31 members of the Scottish Parliament, 16 members of the Welsh Parliament, 2 directly elected mayors, 30 police and crime commissioners, and around 6,683 local councillors. It holds the annual Conservative Party Conference. The Conservative Party was founded in 1834 from the Tory Party and was one of two dominant politica ...
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Hanson Plc
Hanson UK, formerly Hanson Trust plc, is a British-based building materials company, headquartered in Maidenhead. The company has been a subsidiary of the German company HeidelbergCement since August 2007, and was formerly listed on the London Stock Exchange and a constituent of the FTSE 100 Index. History Hanson was built up by James Hanson, later Lord Hanson, and Gordon White, later Baron White of Hull, who set up Hanson Trust in 1964. Hanson and White were willing to take a wide range of measures to do so, including mass redundancies, and therefore attracted opposition and accusations that they were asset strippers, but from 1979 the company was successful from the shareholders' point of view and respected during the early 1980s, with Hanson (who gave millions of pounds to the Conservatives) admired by Margaret Thatcher. One of the most notable takeovers, at least to the general public, was the acquisition in 1983 of the United Drapery Stores, or UDS Group, which owned ...
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Duty-free Shop
A duty-free shop (or store) is a retail outlet whose goods are exempt from the payment of certain local or national taxes and duties, on the requirement that the goods sold will be sold to travelers who will take them out of the country, who will then pay duties and taxes in their destination country (depending on its personal exemption limits and tariff regime). Which products can be sold duty-free vary by jurisdiction, as well as how they can be sold, and the process of calculating the duty or refunding the duty component. Tax Free World Association (TFWA) announced that in 2011 Asia-Pacific, with 35 percent of global duty-free and travel retail sales, has more duty free than Europe and Americas, with these regions accounting for 34 percent and 23 percent respectively. 31 percent of sales came from the fragrances and cosmetics category, followed by the wine and spirit category with 17 percent and then comes tobacco products. However, some countries impose duty on goods ...
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