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Travelex
Travelex is a foreign exchange company founded by Lloyd Dorfman and headquartered in Peterborough. Its main businesses are foreign currency exchange, issuing prepaid credit cards for use by travellers, supplying central banks with foreign currency and global remittance. Travelex operates more than 1,100 stores and 900 ATMs in over 20 countries. History Travelex was founded as Express Exchange by Dorfman and opened its first branch in central London in 1976. By 1978 the company had four central London stores. The company experienced growth in the 1980s, opening its first international store in 1984 in Rotterdam, and its first store at Heathrow Terminal 4 in 1986. Express Exchange subsequently became Travellers Exchange Corporation – or Travelex – when abbreviated. Travelex expanded throughout the US and into the APAC region in the 1990s. The company also undertook a series of investments, acquisitions and takeovers during this period, including a takeover of Abbey National's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finablr
Finablr is a financial services holding company. It was listed on the London Stock Exchange, but its shares are currently suspended from trading. History The company was established by the Indian-born former billionaire B. R. Shetty in April 2018. Initial investments included UAE Exchange, which Shetty acquired in 1980, and Travelex, which was acquired in 2014. In October 2018, Finablr brands, Travelex and Swych, launched a cross-border shopping solution for WeChat Pay users. In November 2018, Finablr acquired India's digital payments firm TimesofMoney from Network International to capitalise on the growth of e-commerce. Also in November 2018, Finablr became a majority shareholder of Swych, a digital gifting platform. The company was the subject of an initial public offering on the London Stock Exchange in May 2019. In January 2020, it was disclosed that shares representing 56% of the company had been pledged by BRS Ventures & Holdings, a company controlled by Dr BR Shetty, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd Dorfman
Sir Lloyd Marshall Dorfman (born 25 August 1952) is a British entrepreneur and philanthropist. He founded Travelex (today part of Finablr), the world's largest retailer of foreign exchange. According to The ''Sunday Times Rich List'' in 2020, Dorfman is worth £720 million. Early life and education Dorfman's family were Jewish immigrants from eastern Europe who came to London before The Great War. He was educated at St Paul's. He did not attend university. Career In 1976, Dorfman started his own currency exchange business from one small shop based in Southampton Row in central London. The company spread to ports overseas, initially in the Netherlands and Belgium. In 1986, Dorfman won Travelex a landmark contract as the first non-bank foreign exchange provider at the newly opened Heathrow Terminal 4. The company expanded into airports worldwide, opening in the USA in 1989 shortly followed by Australia in 1990. The £440m acquisition of Thomas Cook's Global & Financial Service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bavaguthu Raghuram Shetty
B.R Shetty (born 1 August 1942) is an Indian-born businessman who is the founder and acquirer of a number of companies based in the United Arab Emirates, including Abu Dhabi-based NMC Health, Neopharma, BRS Ventures, and Finablr. Shetty's initial interest in 1975 was in hospitals and hospitality and has since diversified into pharmaceuticals, financial services, retail, advertising and information technology. He was included on the ''Forbes'' list of India's 100 Richest People in 2015 and was listed as the 42nd richest person in 2020. In 2020, Shetty resigned from his board position while investigations were underway. On April 8, 2020, NMC Health went into Administration in UK due corporate governance concerns and a falling share price. Due to sharp drops in share prices and shares pledged by Shetty to pay for debts incurred, it is believed that his net worth has fallen to a fraction of the earlier estimate of $3.5 billion. Consequently, Forbes dropped Shetty from its 2020 annua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bureau De Change
A bureau de change (plural bureaux de change, both ) (British English) or currency exchange (American English) is a business where people can exchange one currency for another. Nomenclature Although originally French, the term "bureau de change" is widely used throughout Europe and French-speaking Canada, where it is common to find a sign saying "exchange" or "change". Since the adoption of the euro, many exchange offices have started incorporating its logotype prominently on their signage. In the United States and English-speaking Canada the business is described as "currency exchange" and sometimes "money exchange", sometimes with various additions such as "foreign", "desk", "office", "counter", "service", etc.; for example, "foreign currency exchange office". Location A bureau de change is often located at a bank, at a travel agent, airport, main railway station or large stores—namely, anywhere there is likely to be a market for people needing to convert currency. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ASDA
Asda Stores Ltd. () (often styled as ASDA) is a British supermarket chain. It is headquartered in Leeds, England. The company was founded in 1949 when the Asquith family merged their retail business with the Associated Dairies company of Yorkshire. It expanded into Southern England during the 1970s and 1980s, and acquired Allied Carpets, 61 large Gateway Supermarkets and other businesses, such as MFI Group. It sold these acquisitions during the 1990s to concentrate on the supermarkets. It was listed on the London Stock Exchange until 1999 when it was acquired by Walmart for £6.7 billion. Asda was the second-largest supermarket chain in the United Kingdom between 2003 and 2014 by market share, at which point it fell into third place. Besides its core supermarkets, the company also offers assistance for insurance and payment services and a mobile phone provider. In February 2021, the Issa brothers (Mohsin and Zuber) and TDR Capital acquired Asda. Walmart retains "an equi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UAE Exchange
UAE Exchange ( ar, مركز الإمارات العربية المتحدة للصرافة ''Markaz Al'Imarat Alearabiat Almutahidat Lilsarafa'') is a United Arab Emirates based company dealing primarily in remittance, foreign exchange and bill payment services. The company is headquartered in Abu Dhabi, UAE, and operates through 800 locations across 31 countries either as UAE Exchange, or Unimoni. The business has circa 9,000 employees across 40 countries. It is one of the largest remittance companies and has extensive network in the Middle East and Asia with particular emphasis on India where over 40% of its offices and staff are located. International branding During 2018, UAE Exchange began re-branding to "Unimoni" at locations outside of the United Arab Emirates. This initially started with its retail presence in India, Fiji, Canada and Australia. Markets such as Hong Kong and Tanzania, as well as further afield have also since been re-branded as Unimoni. History UAE Exch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Apax Partners
Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its various predecessors, have raised approximately $51 billion (USD) since 1981. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the fifteenth largest private equity firm globally. Apax invests exclusively in certain business sectors including: telecommunications, technology, retail and consumer products, healthcare and financial and business services. Looks for a target Enterprise Value of $1,000mm - $5,000mm. Apax raises capital for its investment funds through institutional investors including corporate and public pension funds, university and college endowments, foundations and fund of funds. One of the firm's co-founders, Alan Patricof, was an early investor in Apple ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian People
Indians or Indian people are the Indian nationality law, citizens and nationals of India. In 2022, the population of India stood at over 1.4 billion people, making it the world's List of countries and dependencies by population, second-most populous country, containing 17.7 percent of the global population. In addition to the Indian population, the Non-resident Indian and Overseas Citizen of India, Indian overseas diaspora also boasts large numbers, particularly in the Arab states of the Persian Gulf and the Western world. While the demonym "Indian" applies to people originating from the present-day Republic of India, it was also formerly used as the identifying term for people originating from Pakistan and Bangladesh during British Raj, British colonial era until 1947. Particularly in North America, the terms "Asian Indian" and "East Indian" are sometimes used to differentiate Indians from the indigenous peoples of the Americas; although the Native American name controversy, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abu Dhabi
Abu Dhabi (, ; ar, أَبُو ظَبْيٍ ' ) is the capital and second-most populous city (after Dubai) of the United Arab Emirates. It is also the capital of the Emirate of Abu Dhabi and the centre of the Abu Dhabi Metropolitan Area. The city of Abu Dhabi is located on an island in the Persian Gulf, off the Central West Coast. Most of the city and the Emirate reside on the mainland connected to the rest of the country. , Abu Dhabi's urban area had an estimated population of 1.5 million, out of 2.9 million in the emirate of Abu Dhabi, as of 2016. The Abu Dhabi Investment Authority is headquartered in the city, and was the world's 5th largest sovereign wealth fund in 2021. Abu Dhabi itself has over a trillion US dollars worth of assets under management in a combination of various sovereign wealth funds headquartered there. Abu Dhabi houses local and federal government offices and is the home of the United Arab Emirates Government and the Supreme Petroleum C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Limited Company
In a limited company, the liability of members or subscribers of the company is limited to what they have invested or guaranteed to the company. Limited companies may be limited by Share (finance), shares or by guarantee. In a company limited by shares, the liability of members is limited to the unpaid value of shares. In a company limited by guarantee, the liability of owners is limited to such amount as the owners may undertake to contribute to the assets of the company, in the event of being wound up. The former may be further divided in public companies (public limited company, public limited companies) and private companies (private limited company, private limited companies). Who may become a member of a private limited company is restricted by law and by the company's rules. In contrast, anyone may buy shares in a public limited company. Limited companies can be found in most countries, although the detailed rules governing them vary widely. It is also common for a distinct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London Stock Exchange
London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cathedral in the City of London. Since 2007, it has been part of the London Stock Exchange Group (LSEG, that it also lists ()). The LSE was the most-valued stock exchange in Europe from 2003 when records began till Autumn 2022, when the Paris exchange was briefly larger, until the LSE retook its position as Europe’s largest stock exchange 10 days later. History Coffee House The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. It was opened by Elizabeth I of England in 1571. During the 17th century, stockbrokers were not allowed in the Royal Exchange due to their rude manners. They had to operate from other establishments in the vicinity, notably Jona ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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