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Thorn EMI
Thorn EMI was a major British company involved in consumer electronics, music, defence and retail. Created when Thorn Electrical Industries merged with EMI in October 1979, it was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. It demerged back to separate companies in 1996. History The company was formed following the board of EMI accepting a £169 million offer from Thorn Electrical Industries in November 1979 to merge the groups. Thorn saw EMI as a good fit for the music and future home video market with Thorn manufacturing hardware and EMI providing content. EMI chief executive Bernard Delfont, chairman Sir John Read and Capitol Records' chief Bhaskar Menon joined the Thorn EMI board, with Read becoming deputy chairman of Thorn EMI. Thorn's chairman Sir Richard Cave became chairman of the merged group. Soon after the merger, Thorn EMI divested many of the group's leisure operations. In July 1980, seven hotels, including the To ...
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Scottish & Newcastle
Scottish & Newcastle plc was a brewing company headquartered in Edinburgh, Scotland, which expanded from its home base to become an international business with beer volumes growing almost tenfold. The company was listed on the London Stock Exchange until it was acquired by Heineken and Carlsberg in 2008 and its assets split between them. The name Scottish & Newcastle continued to be used for the UK trading operation of Heineken International until 2009, when it was renamed Heineken UK. The former S&N Pub Enterprises leased pub division was rebranded as S&N Pub Company after the takeover. In 2012, it was rebranded again to Star Pubs & Bars, bringing an end to Scottish & Newcastle brand. History The origins of the company can be traced to Grizel Syme who ran her late second husband's brewery: this brewery and those of her sons developed into the firm of William Younger & Co. It merged with McEwan's in 1931 becoming Scottish Brewers. In 1960 it merged again this time with N ...
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Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ...
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Thorn EMI Software
IBM has undergone a large number of mergers and acquisitions during a corporate history lasting over a century; the company has also produced a number of spinoffs during that time. The acquisition date listed is the date of the agreement between IBM and the subject of the acquisition. The value of each acquisition is listed in USD because IBM is based in the United States. If the value of an acquisition is not listed, then it is undisclosed. Precursors 1889–1910 Herman Hollerith initially did business under his own name, as ''The Hollerith Electric Tabulating System'', specialising in punched card data processing equipment. In 1896 he incorporated as the ''Tabulating Machine Company''. *1889 Bundy Manufacturing Company incorporated. *1891 Computing Scale Company incorporated. *1893 Dey Patents Company (soon renamed the Dey Time Register Company) incorporated. *1894 Willard & Frick Manufacturing Company (Rochester, New York) incorporated. *1896 **Detroit Automatic Scale Com ...
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Philips
Koninklijke Philips N.V. (), simply branded Philips, is a Dutch multinational health technology company that was founded in Eindhoven in 1891. Since 1997, its world headquarters have been situated in Amsterdam, though the Benelux headquarters is still in Eindhoven. The company gained its royal honorary title in 1998. Philips was founded by Gerard Philips and his father Frederik, with their first products being light bulbs. Through the 20th century, it grew into one of the world's largest electronics conglomerates, with global market dominance in products ranging from kitchen appliances and electric shavers to light bulbs, televisions, cassettes, and compact discs (both of which were invented by Philips). At one point, it played a dominant role in the entertainment industry (through PolyGram). However, intense competition from primarily East Asian competitors throughout the 1990s and 2000s led to a period of downsizing, including the divestment of its lighting and c ...
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Alan Bond (businessman)
Alan Bond (22 April 1938 – 5 June 2015) was an English-born Australian businessman noted for his high-profile and often corrupt business dealings. These included his central role in the WA Inc scandals of the 1980s; the biggest corporate collapse in Australian history; and also his criminal conviction that saw him serve four years in prison. He is also remembered for bankrolling the successful challenge for the 1983 America's Cup, the first time the New York Yacht Club had lost it in its 132-year history. He also founded Bond University, Gold Coast, Australia. Early life Alan Bond was born on 22 April 1938, the son of Frank and Kathleen Bond in the Hammersmith district of London, England. In 1950, aged 12, he emigrated to Australia with his parents and his elder sister Geraldine, living in Fremantle, near Perth. At the age of 14, he was charged with stealing and being unlawfully on premises. Aged 18, he was arrested for being unlawfully on premises, and reportedly admitted ...
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INMOS
Inmos International plc (trademark INMOS) and two operating subsidiaries, Inmos Limited (UK) and Inmos Corporation (US), was a British semiconductor company founded by Iann Barron, Richard Petritz, and Paul Schroeder in July 1978. Inmos Limited’s head office and design office were at Aztec West business park in Bristol, England. Products Inmos' first products were static RAM devices, followed by dynamic RAMs and EEPROMs. Despite early production difficulties, Inmos eventually captured around 60% of the world SRAM market. However, Barron's long-term aim was to produce an innovative microprocessor architecture intended for parallel processing, the ''transputer''. David May and Robert Milne were recruited to design this processor, which went into production in 1985 in the form of the T212 and T414 chips. The transputer achieved some success as the basis for several parallel supercomputers from companies such as Meiko (formed by ex-Inmos employees in 1985), Floating Poin ...
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British Aerospace
British Aerospace plc (BAe) was a British aircraft manufacturer, aircraft, munitions and defence-systems manufacturer that was formed in 1977. Its head office was at Warwick House in the Farnborough Aerospace Centre in Farnborough, Hampshire. It purchased Marconi Electronic Systems, the defence electronics and naval shipbuilding subsidiary of the General Electric Company, in 1999 to form BAE Systems. History Formation and privatisation The company has its origins in the Aircraft and Shipbuilding Industries Act 1977, which called for the nationalisation and merger of the British Aircraft Corporation, Hawker Siddeley Aviation, Hawker Siddeley Dynamics and Scottish Aviation. On 29 April 1977, the new entity was formed in the United Kingdom as a statutory corporation. Under the provisions of the British Aerospace Act 1980 (c. 26), on 1 January the statutory corporation was transferred to a limited company, which then re-registered as a public limited company (plc), under the nam ...
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Trust House Forte
Forte Group plc was a British hotel and restaurant company. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index until it was acquired by Granada in 1996. Its head office was in the London Borough of Camden. History Charles Forte (26 November 1908 – 28 February 2007) was a British/Italian caterer and hotelier who founded the leisure and hotels conglomerate that ultimately became Forte Group. Charles Forte, funded by his two business partners, Eric Hartwell and Sidney Hartwell, set up his first "milk bar" on Regent Street in London in 1935 as ''Strand Milk Bar Ltd'' when he was 26. Soon he began expanding into catering and hotel businesses. After the Second World War, his company became Forte Holdings Ltd, and bought The Café Royal in 1954. Forte was a major caterer at the Festival of Britain sites in 1951 and also operated the restaurants and bars at London Airport, later known as London Heathrow airport. Forte opened the first full mot ...
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Leicester Square
Leicester Square ( ) is a pedestrianised town square, square in the West End of London, England, and is the centre of London's entertainment district. It was laid out in 1670 as Leicester Fields, which was named after the recently built Leicester House, Westminster, Leicester House, itself named after Robert Sidney, 2nd Earl of Leicester. The square was originally a gentrification, gentrified residential area, with tenants including Frederick, Prince of Wales and the artists William Hogarth and Joshua Reynolds. It became more down-market in the late 18th century as Leicester House was demolished and retail developments took place, becoming a centre for entertainment. Major theatres were built in the 19th century, which were converted to cinemas towards the middle of the next. Leicester Square is the location of nationally significant cinemas such as the Odeon Luxe Leicester Square and Empire, Leicester Square, which are often used for film premieres. The nearby Prince Charles C ...
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Empire (cinema)
The Empire, Leicester Square is a film theatre, cinema currently operated by Cineworld on the north side of Leicester Square, London, England. The Empire was originally built in 1884 as a variety theatre and was rebuilt for films in the 1920s. It is one of several cinemas in and adjoining Leicester Square which are regularly used for film premieres and first runs. Today, it has nine auditoria, including an IMAX, a Superscreen and a 4DX screen. History 1884: The Empire Theatre opens The Empire Theatre opened on 17 April 1884 under the ownership of Daniel Nicols as a West End theatre, West End variety theatre on Leicester Square, as well as a ballet venue, with a capacity of about 2,000 seats. The first performance was ''Chilpéric (operetta), Chilpéric'', with music by Hervé (composer), Hervé, adapted by H. Hersee and Henry Brougham Farnie, H. B. Farnie and described as ''a Grand Musical Spectacular, in three acts and seven tableaux''. The corps de ballet for the performan ...
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Prince Edward Theatre
The Prince Edward Theatre is a West End theatre situated on Old Compton Street, just north of Leicester Square, in the City of Westminster, London. History The theatre was designed in 1930 by Edward A. Stone, with an interior designed by Marc-Henri Levy and Gaston Laverdet.Earl and Sell (2000) pp. 132 It cost over £400,000 to be built. Named after Prince Edward (at the time Prince of Wales, briefly Edward VIII and later Duke of Windsor), it opened on 3 April 1930 with a performance of the musical '' Rio Rita''. Other notable events in its opening years included the London debut of famed cabaret artiste Josephine Baker, who performed her famous 'Bananas Dance'. The theatre was a failure and in 1935, Stone converted the theatre to a dance and cabaret hall at a further cost of £50,000, being renamed the "London Casino" offering dinner or supper dancing with a cabaret revue. The Casino closed but was reopened in 1939 after being bought by a syndicate led by Charles Clore and t ...
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