Latest news with #Dublin-based
Yahoo
19 hours ago
- Business
- Yahoo
Old Navy Returning to Herald Square's 34th Street
Old Navy isn't giving up on Manhattan's 34th Street. After losing its 34th Street site at 150 West 34th Street to Primark — a prime competitor — Old Navy has signed a lease to open at 50 West 34th Street, on the southeast corner of 34th and Broadway, catty corner to Macy's. The Old Navy store will occupy 55,000 square feet over two floors and is expected to open some time in 2026. More from WWD Laura Harrier and Zac Posen Celebrate Denim and Dandyism in Bold Gap Studio Suit That Challenges Binaries Around Masculinity and Femininity Henry Lehr's Magic Lives On: Mickey Drexler Helps Expand the Legacy Gap and Dôen Get Ready for Round Two of California Vintage-inspired Summer Collection 'New York is the most important retail and tourism market in the world, drawing over 60 million visitors annually and we are thrilled to announce Old Navy's new flagship is coming to such a prime location,' Haio Barbeito, Old Navy's president and chief executive officer, said in a statement Friday. Old Navy said the new store will be a 'next generation flagship' for the brand, which is a division of Gap Inc. 'As we look to modernize the Old Navy customer experience, this new location will enable us to deliver a fresh, immersive, digitally led experience that invites visitors and shoppers from around the world to come play with style,' Barbeito added. Old Navy and Primark are both family-oriented fashion retailers with low prices. The Dublin-based Primark has been steadily expanding in the U.S., and is also expected to open on 34th Street some time in 2026. It will be interesting to see which retailer opens first. For Primark, its 34th Street location will be its first in Manhattan. The store will occupy 75,000 square feet, including 54,000 square feet of selling space on four levels. The two retailers will be going head-to-head against Macy's, Target, H&M, Zara, Uniqlo, American Eagle and Urban Outfitters, among the thick concentration of retailers in and around Herald Square. 'There's a great competitor set in that area. It is certainly synonymous with retail,' Kevin Tulip, president of Primark in the U.S., told WWD in a previous interview. 'For a company like Primark that is building not just stores, but also its brand across the U.S., the ability to have a flagship there is an incredible moment for us.' The future Old Navy will be at the base of Herald Towers, which was built in 1912, serving as the Hotel McAlpin until its conversion to residential use in 1980. JEMB acquired the asset in 1999, renaming it Herald Towers. The 25-story, 1 million-square-foot mixed-use building offers 700 residential units and a ground floor retail component of more than 100,000 square feet. The Gap brand once operated one of its most productive, largest stores on the site. Morris Bailey, chairman of JEMB Realty, said in a statement that the long-term lease his firm signed with Old Navy is 'a testament to the longstanding relationship between JEMB and Gap Inc. We negotiated the original lease directly with Gap Inc.'s founders, Don and Doris Fisher, and are gratified to be working with the company's leadership again today.' The Old Navy deal comes on the heels of JEMB's 160,000-square-foot lease for Yeshiva University's health sciences campus at Herald Center, just west of where Old Navy will be. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns
Belfast Telegraph
a day ago
- Business
- Belfast Telegraph
Ryanair boss Michael O'Leary on track for 100 million euro bonus
The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target.
Irish Examiner
a day ago
- Business
- Irish Examiner
Ryanair boss Michael O'Leary on track for €100m bonus
Ryanair boss Michael O'Leary is on track to receive more than €100m million euros worth of share bonuses. The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target. Shares in the budget airline have met a requirement to close above €21 for a 28th consecutive day. The share rule was set up in February 2019, requiring the consistently high level of shares before 2028. Ryanair shares sat at 23.28 euros on Friday (Peter Byrne/PA) It would provide him with 10 million shares worth around €111.2m. Mr O'Leary will receive the share package if he stay with the business, which he has led since 1994, until 2028. Ryanair shares sat at €23.28 on Friday despite dipping slightly from their peak the previous day. Ryanair has been contacted for comment. When asked about the share option earlier this month, Mr O'Leary said: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers and managers are getting paid 20-25 million a year. 'I think Ryanair shareholders are getting a particular value out of our share options – both mine and the rest of the management team.' Read More Ryanair demands cabin crew staff return pay rises amid Spanish union dispute
Yahoo
a day ago
- Business
- Yahoo
Ryanair boss Michael O'Leary on track for 100 million euro bonus
Ryanair boss Michael O'Leary is on track to receive more than 100 million euros (£84.2 million) worth of share bonuses. The longstanding boss has qualified for the share options after shares in the Dublin-based company hit a six-year-old target. Shares in the budget airline have met a requirement to close above 21 euros for a 28th consecutive day. The share rule was set up in February 2019, requiring the consistently high level of shares before 2028. It would provide him with 10 million shares worth around 111.2 million euros (£93.4 million). Mr O'Leary will receive the share package if he stay with the business, which he has led since 1994, until 2028. Ryanair shares sat at 23.28 euros on Friday despite dipping slightly from their peak the previous day. Ryanair has been contacted for comment. When asked about the share option earlier this month, Mr O'Leary said: 'I think we're delivering exceptional value for Ryanair shareholders in an era when Premiership footballers and managers are getting paid 20-25 million a year. 'I think Ryanair shareholders are getting a particular value out of our share options – both mine and the rest of the management team.' Rival low-cost rival carrier Wizz Air has a similar pay pledge for its chief executive Jozsef Varadi, which would provide him with £100 million worth of bonuses if its share reached £120 by 2028. Its shares are currently valued at around £16. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
RTÉ News
2 days ago
- Business
- RTÉ News
Data protection watchdog moves to new Dublin headquarters
The Data Protection Commission (DPC) has moved to new headquarters in Dublin. The building project was commenced by the Office of Public Works in May 2023, and has brought together all of the DPC's Dublin-based staff into one office. The DPC said its new headquarters provides staff with a greatly improved, modern and collaborative work environment that will support the work it does both in Ireland and across the EU. Since the introduction of the General Data Protection Regulation (GDPR) in May 2018, the DPC has imposed fines of more than €4 billion on big tech firms. Just €20 million of that has been paid, as most of the rulings are under appeal. In May 2023, the DPC imposed a record fine of €1.2bn on Meta for breaches relating to the transfer of personal data from the EU to the US. Earlier this month, the DPC fined video-sharing platform TikTok €530 million over the transfer of the personal data of European users to China. The DPC's new headquarters was officially opened today at an event attended by the Taoiseach Micheál Martin and Minister for Justice Jim O'Callaghan. "As the DPC continues to play a leading role in European data protection, this new home will help us meet that responsibility with confidence and ambition," said Data Protection Commissioner Dr Des Hogan. His fellow Commissioner Dale Sunderland added that the new building is a reflection of how far the DPC has grown and developed as an organisation. "A decade ago, we were fewer than 50 people. Now, we're 275 strong and continuing to grow," Mr Sunderland said.
