Singapore members club 1880's staff In bid to revive firm: BT
By Yongchang Chin
(Bloomberg) – The staff of Singapore private members club 1880 have made an offer to buy the club's assets with the backing of its landlord RB Corp, a member of RB Capital Group, according to The Business Times.
The consortium has made an offer to buy 1880's assets, the newspaper said, citing one unnamed source.
1880's local business in Singapore was profitable, but the club had got into debt after its aggressive expansion into Hong Kong and Bali: BTT
The Hong Kong outlet closed on May 30; the Bali outlet, a six-floor beachside hotel, never opened.
The bid to revive 1880 will exclude any involvement from the three co-founders, Marc Nicholson, his wife Jean Low, as well as Luke Jones.
More stories like this are available on bloomberg.com
©2025 Bloomberg L.P.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
an hour ago
- Yahoo
Why It Might Not Make Sense To Buy Cancom SE (ETR:COK) For Its Upcoming Dividend
Cancom SE (ETR:COK) is about to trade ex-dividend in the next three days. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves at least two full business days. So if you miss that date, you would not show up on the company's books on the record date. Accordingly, Cancom investors that purchase the stock on or after the 25th of June will not receive the dividend, which will be paid on the 27th of June. The company's next dividend payment will be €1.00 per share, on the back of last year when the company paid a total of €1.00 to shareholders. Calculating the last year's worth of payments shows that Cancom has a trailing yield of 3.6% on the current share price of €27.90. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Cancom has been able to grow its dividends, or if the dividend might be cut. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Cancom distributed an unsustainably high 124% of its profit as dividends to shareholders last year. Without extenuating circumstances, we'd consider the dividend at risk of a cut. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Thankfully its dividend payments took up just 29% of the free cash flow it generated, which is a comfortable payout ratio. It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Cancom fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits. See our latest analysis for Cancom Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Businesses with shrinking earnings are tricky from a dividend perspective. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's not ideal to see Cancom's earnings per share have been shrinking at 3.2% a year over the previous five years. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Cancom has delivered 15% dividend growth per year on average over the past 10 years. That's intriguing, but the combination of growing dividends despite declining earnings can typically only be achieved by paying out a larger percentage of profits. Cancom is already paying out 124% of its profits, and with shrinking earnings we think it's unlikely that this dividend will grow quickly in the future. From a dividend perspective, should investors buy or avoid Cancom? It's not a great combination to see a company with earnings in decline and paying out 124% of its profits, which could imply the dividend may be at risk of being cut in the future. Yet cashflow was much stronger, which makes us wonder if there are some large timing issues in Cancom's cash flows, or perhaps the company has written down some assets aggressively, reducing its income. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor. Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Cancom. In terms of investment risks, we've identified 2 warning signs with Cancom and understanding them should be part of your investment process. If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks. — Investing narratives with Fair Values Vita Life Sciences Set for a 12.72% Revenue Growth While Tackling Operational Challenges By Robbo – Community Contributor Fair Value Estimated: A$2.42 · 0.1% Overvalued Vossloh rides a €500 billion wave to boost growth and earnings in the next decade By Chris1 – Community Contributor Fair Value Estimated: €78.41 · 0.1% Overvalued Intuitive Surgical Will Transform Healthcare with 12% Revenue Growth By Unike – Community Contributor Fair Value Estimated: $325.55 · 0.6% Undervalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
4 hours ago
- Yahoo
Accenture is giving consulting a new name as it doubles down on AI: 'reinvention services'
CEO Julie Sweet said Accenture is doubling down on AI in an earnings call on Friday. She said the firm is creating a new business division focused on AI called "reinvention services." Sweet said that while bookings were down, revenue was up, and Accenture sees future potential in AI. After more than 35 years in the business, Accenture is giving consulting a new name: "reinvention services." The global consulting firm reported its earnings on Friday, highlighting a generally positive performance for the third fiscal quarter of 2025. The firm reported revenue of $17.7 billion, an 8% increase from this time last year. While new bookings were down 6% compared to the third quarter in 2024, Accenture CEO Julie Sweet told CNBC on Friday that the firm was "really pleased" with its bookings and that demand for its services could be seen in its revenue. Sweet said on the earnings call that AI is the firm's strongest bet for creating new demand and that to maximize AI's potential, the firm is consolidating its strategy, consulting, song, technology, and operations services into a single unit known as "reinvention services," starting September 1. "What we're going to do now is make it even easier to bring those solutions, embed data and AI, so we can really scale across our client base and into new markets using our reinvention services," Sweet told CNBC. What consultants do sometimes needs to be explained, and "reinvention services" is no exception. In both her CNBC interview and the earnings call on Friday, Sweet shared several examples of the company's AI-powered reinvention work, which — following its reorganization — the firm will be able to execute more efficiently, she said. In one example, she said Accenture is working with Italian shipbuilding company Fincantieri to launch the first AI-powered ship in 2025. Sweet told CNBC that the ship will be able to "predict its maintenance, manage its energy use on its own, and talk to the dock" before it arrives at its destination. She said Accenture's work to modernize the manufacturing process for Bel, maker of Laughing Cow cheese, would also fall under this new department, as would its collaboration with Brazilian mining company Vale to expedite environmental licensing and permits. She also said the firm is creating AI-generated 3D avatars of physical products for coffee brands like Nescafé, Dolce Gusto, and Nespresso to reduce the time and cost of developing marketing campaigns, which would also fall under the new reinvention services department. Sweet told CNBC that AI can be a "tool" to help companies navigate the future, but to reap the benefits, it will also need to be "disruptive." Read the original article on Business Insider Sign in to access your portfolio
Entrepreneur
4 hours ago
- Entrepreneur
Yoga Shaping Modern Leadership: International Yoga Day 2025
Where corporate culture has often emphasized speed, scale, and multitasking, yoga brings in the missing ingredients: stillness, depth, and intention. It's no coincidence that those who lead from the front are increasingly turning inward to build resilience, emotional intelligence, and mental clarity. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Yoga isn't just about wellness anymore. It's about wisdom. In a time defined by rapid change and digital overload, the ability to remain grounded, intentional, and clear-headed is emerging as a distinct leadership advantage. Yoga is no longer the side note. It's becoming a lifestyle. What began as an ancient practice is finding new relevance in the boardrooms and daily lives of India's business leaders. Once confined to early morning routines and wellness retreats, yoga is now being embraced as a strategy for clarity, calm, and leadership resilience. Studies have shown that yoga improves prefrontal cortex activity, enhancing executive functions like judgment, planning, and self-regulation. A Harvard Health report notes that yoga and meditation increase brain volume in areas related to attention and emotional control. These findings echo Amitava Mukherjee's emphasis on intentionality and self-awareness as pillars of leadership. As the chairman and managing director of NMDC, Mukherjee sees yoga as a compass for leadership. "The principles of yoga—discipline, integrity, and self-reflection—are the guiding values that help in navigating complex challenges," he says. For Mukherjee, it isn't just about stress management or flexibility; yoga has helped him build "greater self-awareness, emotional balance, and intentionality." In a space often driven by metrics and speed, he believes mindful breathing and presence can make room for compassion and collaboration, qualities that don't always show up on a spreadsheet but shape the cultural backbone of any organization. Amitava Mukherjee, Chairman & Managing Director, NMDC A report by Stanford Lifestyle Medicine explains that yoga helps regulate the autonomic nervous system (ANS) and hypothalamic-pituitary axis (HPA), both of which are stress response systems. While stress is an inevitable and necessary part of life, prolonged and chronic stress can lead to dysfunction in these systems, potential negative physiological and physical consequences, and can even contribute to the development of mental health disorders. Panckaj N Umrania, executive director at KND Steel, shares a similar perspective but brings a sense of rhythm to the role yoga plays in leadership. "Yoga has taught me stillness in motion," he reflects. Rising at 5 AM to begin each day with breathwork and mindful movement, Umrania finds that it allows him to make decisions with clarity rather than urgency. "It's how I run meetings, manage clients, teams, and handle pressure." He credits yoga for helping him slow down and sleep better; an antidote to the hyper-accelerated culture of corporate life. "Whether it's a family dinner or a boardroom presentation, I show up more present, grounded, and energised." Panckaj N Umrania, Executive Director, KND Steel Yoga is no longer perceived as some ancient teachings but a science backed grounding ritual. One of the more known practices in yoga is Anulom Vilom – an alternate nostril breathing technique that significantly lowers blood pressure, slows heart rate, and is believed to activate the parasympathetic nervous system creating mental clarity and emotional stability. This sentiment resonates with Dhruv Luthra, managing director, Luthra Group. For Dhruv, yoga isn't about twisting into complex poses. "For me, yoga has always been more about focus than flexibility," he explains. In his fast-paced professional life, a brief ten-minute yoga routine acts as a daily mental reset. "In a world that is always moving fast, it reminds me that calm can be just as powerful as speed." Dhruv's core practices—Anulom Vilom, Tadasana, and Vrikshasana—are deceptively simple but profoundly effective. They serve as practical tools to cut through mental clutter and carry physical benefits that make long meetings and unpredictable schedules more bearable. Dhruv Luthra, Managing Director, Luthra Group Dr. Vijay Kedia, director at Atul Greentech, takes a more philosophical view. "Yoga helps me stay calm, focused, and clear in my thinking," he says. "It has taught me to pause, reflect, and not rush into decisions." For Kedia, yoga is not about checking off a fitness goal; it's a code of conduct. He credits the practice with building discipline and self-control, qualities that influence how he leads and how he makes decisions. His daily go-to is Surya Namaskar, the ancient sun salutation sequence that blends posture, breath, and rhythm. "It improves flexibility, strengthens muscles, enhances blood circulation, and awakens the nervous system," he explains. But what makes it indispensable is its impact beyond the physical aspects of the human body. For him, it "sharpens the mind and brings emotional stability." Dr. Vijay Kedia, Director, Atul Greentech What ties these varied perspectives together is the way yoga moves beyond being a physical discipline. It's not treated as a box to tick for wellness, but a toolkit for living and leading with more presence and less panic. Specific practices, be it Anulom Vilom, Vrikshasana, or Surya Namaskar, have become personal rituals with strategic value. They offer grounding in a world that spins fast, and clarity in situations that demand quick but thoughtful responses. In fact, it's this shift from performance to presence, that yoga appears to be facilitating among today's leaders. Where corporate culture has often emphasized speed, scale, and multitasking, yoga brings in the missing ingredients: stillness, depth, and intention. It's no coincidence that those who lead from the front are increasingly turning inward to build resilience, emotional intelligence, and mental clarity. This shift, from outcome-driven hustle to values-driven clarity, is at the core of yoga's rise as a lifestyle in the corporate world.
