Latest news with #Draycott
Yahoo
27-05-2025
- Business
- Yahoo
Stirling Square sells French luxury glass packaging company Verescence
Stirling Square Capital Partners, a pan-European mid-market private equity company, has completed the sale of Verescence, a luxury glass packaging company, to a consortium comprising Movendo Capital and Draycott. Founded in 1896, Verescence serves luxury beauty brands, including Hermès, LVMH, and L'Oréal. Verescence employs 2,500 people across three continents. With an annual production capacity of 600 million bottles, the company holds manufacturing factories in France, Spain, North America, and South Korea. Verescence has undergone a significant transformation after it was acquired by Stirling Square in 2019. Strategic acquisitions, including a South Korean manufacturing facility in 2021, and investments of €100m ($113.6m) in capacity and automation have elevated the company's sustainability profile, enabling the production of bottles from 100% recycled glass and achieving high environmental, social, and governance ratings. Under Stirling Square's ownership, Verescence has seen substantial financial growth, with revenues increasing by 40% to €421m and earnings before interest, taxes, depreciation, and amortisation tripling to over €80m. Verescence CEO Thomas Riou said: 'Stirling Square have been a phenomenal partner, providing investment and expertise that enabled our global expansion, strategic shift to expand our skincare offering to meet the growing needs of our customers. "They have also encouraged us to embed innovation across our industrial processes and accelerated our digital transformation that has resulted in us adopting a more data-driven approach across the organisation.' Stirling Square has a longstanding investment history in France, with a portfolio that includes various domestic companies such as Médisup, Vernet, Siblu, and AD Industries. Draycott founding partner João Coelho Borges and Movendo CEO Pedro Pereira Gonçalves said: 'We are excited about the opportunity to acquire a global leader with a strong and experienced management team fully aligned with our value creation strategy. "Verescence's leadership position in the industry aligns with our investment criteria across multiple key dimensions. By combining management's expertise with our own, we aim to drive sustainable growth and maximise value for all stakeholders.' "Stirling Square sells French luxury glass packaging company Verescence" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Bloomberg
26-05-2025
- Business
- Bloomberg
Stirling Square Sells French Perfume Bottle Maker Verescence
Stirling Square Capital Partners has sold Verescence, a French glass packaging maker for the perfumery and cosmetics industry, to Movendo Capital and asset manager Draycott. The European private equity firm completed the sale of Verescence, which it acquired in 2019 as the first investment of its fourth fund, according to a statement reviewed by Bloomberg News on Monday. Under Stirling Square's ownership, the French glassmaker invested €100 million ($113 million) to expand capacity and automation.
BBC News
21-05-2025
- Climate
- BBC News
Draycott play area closes for £120,000 refurbishment
A playground in Draycott is to close for more than a month for a major surfaced area at the village playing fields is getting a £120,000 facelift which will include swings, slides and two climbing and Church Wilne Parish Council said the project, which has been guided by a public consultation, will take between four and six weeks depending on the council said it was looking forward to opening the new facilities in time for the summer. Most of the grassed area of the playing fields will remain open during the work, officials said.
BBC News
15-05-2025
- BBC News
Motorcyclist dies after crash with BMW in Draycott
A motorcyclist has died after a crash in said the rider's green Armstrong motorcycle was involved in the crash with a white BMW 3 Series car at the junction of Derby Road and Gertrude Road just before 20:05 BST on man, in his 50s, was taken to hospital, where he died in the early hours of Wednesday morning, police driver of the BMW, a woman aged 30, was arrested after the crash and has since been released on bail. Anyone who witnessed the crash, or has relevant footage, is urged to contact police.
Evening Standard
08-05-2025
- Entertainment
- Evening Standard
Graydon Carter's guide to London: Maison François, Anderson & Sheppard and collecting canoes
Sign up for the best picks from our travel, fashion and lifestyle writers. Sign up I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Graydon Carter, whose new book is out now, has never owned a flat in London; these are his favourite spots when he visits from New York. Home is … Greenwich Village. I've lived in New York for almost half a century. Our current apartment is about 200 feet from my first apartment. I know, a distinct lack of imagination. Where do you stay in London? We used to love the Draycott, just off Sloane Square. No spa or proper dining room. And the bathroom showers were tortuous. But it was charming, filled with books, and the rooms had gas fireplaces. Nina Campbell had done the interiors. It was sold recently and went through a renovation that stripped it of all its charm. Where was your first flat in the city? I've never owned a London flat — my loss. I was fired from the Evening Standard by fax by the editor Paul Dacre. I couldn't really blame him Graydon Carter What was your first job in London? I did a column for this paper once. It was about the goings on in New York. I was fired by fax by the editor Paul Dacre. I couldn't really blame him. The column wasn't particularly good. Where would you recommend for a first date? A walk along the Embankment. It's peaceful and you get a sense of the vast history of the city as well as the bustling newness of it. Which shops would you visit to buy presents? I do believe that the Anderson & Sheppard haberdashery shop is about as perfect as perfect gets. I also love Anya Hindmarch's little village of shops in Chelsea. My wife and I love to split a pasta starter and then a branzino The best London meal you've had? At the River Café, with my wife, our youngest son Spike and his wife Pip, and two dear friends, Lucy and Mark Cornell. My wife and I love to split a pasta starter and then a branzino. The River Cafe in Hammersmith Courtesy What would you do if you were Mayor for the day? Allow smoking in restaurants. Outlaw any car worth more than £100,000. Switch driving lanes to the right side. Force the owners of the Draycott to restore the hotel to its former self. Who is the most iconic Londoner? Gussie Fink-Nottle from the Jeeves novels. Or Admiral Nelson. Maybe Tony Hancock. Richard Garnett as Augustus 'Gussie' Fink-Nottle and Hugh Laurie as Bertie Wooster in the 1990 'Jeeves and Wooster' TV adaptation Rex Features Where do you have fun? I happen to love restaurants. So somewhere to eat. And drink. Where do you exercise in London? I don't. I know, shameful. Have you ever had a run-in with a London police officer? No, thankfully. Where do you let your hair down? Not really enough hair to let down anymore. Also, you must think that I'm a much younger person than I am. What's your biggest extravagance? It used to be Anderson & Sheppard suits. Now it's brightly coloured Hermès handkerchiefs. I've downsized. What's your London secret? The roast chicken at Maison François. Dishes at Maison Francois Steven Joyce What's your favourite work of art in London? What are you up to at the moment for work? I have a memoir called When the Going Was Good to promote. And organising and editing the next issues of our weekly news, features and arts dispatch, Air Mail. What do you collect? I have five canoes of varying size. All of them made by the Old Town Canoe Company in Maine. One of them is a hundred-year-old war canoe that can hold 12. Which podcast are you currently obsessed with? The Rest is History and The Rest is Entertainment. Your favourite grooming spot? If I ever do decide to experience a professional shave, I'd probably go to Taylor on Jermyn Street. What apps do you depend on? Nothing too exotic. Uber and Google Maps. I'm hopeless with directions. Who is your hero? Si Newhouse, my old boss at Condé Nast. No man who held so much sway over the minds and tastes of the upper reaches of civilisation ever wore his influence more lightly. He was like a second father to me. And I adored him.
