The lack of easy exits – affecting the likes of Blackstone-backed PAG and Carlyle Group – has shifted the world’s second-largest economy from a vast frontier for buyouts into an uncertain landscape for long-term investing. Demand for Chinese assets cratered in the past few years, with record outflows even from public markets, as the economy struggles to regain traction and concerns mount over the political direction under Xi Jinping.
“We are in more challenging times, very similar to the way we experienced the global financial crisis,” said Niklas Amundsson, partner at Monument Group, a global private placement agent. Read More...
Fendi is a fashion label that is synonymous with luxury. The Italian brand is known for its daring handbags made with impeccable precision, not to mention its signature double "F" logo. Since its founding in 1925, the fashion house has been pushing forward toward innovation, all while keeping the collections inspiring and accessible. Still run by the Fendi family — with LVMH assuming majority control in 2001 after acquiring Prada's stake (more on that below) — the brand is the same one that saw a young Karl Lagerfeld flourish as artistic director, which brought Fendi to the masses and showed customers how stunning and different certain materials can be. Read More...
In last week's episode of Home Town, you saw me painting in my studio. What you could not see is my work desk built from all that is left of the demolition of my family's Victorian farmhouse. Today, my mother, Karen Rasberry, will tell you about that house in gorgeous detail. If you want to spend more time in her beautiful writing, you can shop her books by clicking here. – Erin
When remembrances of the old house visit me, they are most often born on the wings of a rope swing suspended from a crooked oak tree in the back yard. Read More...