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“I feel it’s my duty under parliamentary privilege to name Philip Green as the individual in question,” Hain said. “The media have been subject to an injunction preventing publication of full details of a story which is clearly in the public interest.”. In his statement, Green said his Arcadia group, which owns TopShop, sometimes reached confidential legal settlements in response to employees’ formal complaints, in common with other large businesses. “These are settled with the agreement of all parties and their legal advisers. These settlements are confidential so I cannot comment further on them,” he said.

The Telegraph had described the case as “the British #MeToo scandal which cannot be revealed.”, The #MeToo movement began in the United States last year in response to accusations of sexual harassment and abuse by powerful men in the entertainment industry including film producer Harvey Weinstein, Green, 66, became one of the Britain’s best known retailers when he bought department store group BHS in 2000 and TopShop owner Arcadia in 2002, The entrepreneur, once known as ‘king of the high street’ was knighted by Queen Elizabeth, But his reputation was damaged boise state broncos cufflinks by the collapse of BHS after he sold the chain for 1 pound in 2015 to a businessman who had formerly been declared bankrupt..

LONDON (Reuters) - Britain’s honors committee constantly reviews evidence, Prime Minister Theresa May’s spokeswoman said on Friday when asked whether businessman Philip Green should be stripped of his knighthood. “The committee is independent .. they are constantly reviewing evidence in relation to matters like this,” the spokeswoman told reporters. Retail billionaire Green, one of Britain’s most prominent businessmen, was named in parliament on Thursday as having taken legal action to try to prevent publication of allegations of sexual harassment against him.

FRANKFURT (Reuters) - Volkswagen (VOWG_p.DE) has held an initial meeting to discuss plans for the flotation of boise state broncos cufflinks its trucks unit Traton, set to be Germany’s biggest of 2019, after hiring a quartet of banks to manage the potential 6 billion euro ($6.8 billion) IPO, people close to the matter said, Roughly 80 bankers, lawyers and representatives of Volkswagen and Traton came together last week for a kick-off meeting to discuss strategy in marketing shares of the maker of trucks under the MAN, Scania and VW brands to potential investors, the people added..

JP Morgan (JPM.N), Goldman Sachs (GS.N), Deutsche Bank (DBKGn.DE) and Citi (C.N) have been mandated as global coordinators of the listing, while law firms Freshfields and Linklaters are also helping to prepare the deal, they added. Volkswagen, the banks and lawyers declined to comment or were not immediately available for comment. Europe’s leading carmaker wants Traton to be in shape by year-end for a potential stock market listing, which is expected to take place in the second quarter of 2019.

VW has plans to build a global trucks business by integrating its MAN and Scania divisions to challenge rivals Daimler (DAIGn.DE) and Volvo (VOLVb.ST), A flotation could also allow Volkswagen Truck & Bus to build a war chest to completely buy out Navistar (NAV.N), a U.S, truck maker in which it already owns a 16.85 percent stake, As precondition for the deal, Volkswagen boise state broncos cufflinks on Thursday made corporate structure changes so two smaller units will not be part of the pure truck and bus company that will list..

VW’s legacy trucks unit MAN SE (MANG.DE) will sell a 76 percent stake in gear maker Renk (ZARG.F) and its wholly owned maker of large engines - MAN Energy Solutions - to a subsidiary of VW, MAN SE said in a statement. An agreement between VW and MAN will expire at the end of the year so the Wolfsburg-based auto maker would profit from any revaluation if the deals close before then. Minority MAN SE shareholders will be offered a guaranteed dividend of 5.50 euros per share. VW has also offered to buy out minority MAN SE shareholders by March for 90.29 euros a share, which would cost VW about 3 billion euros if all shares are tendered.

While Traton Chief Executive Andreas Renschler has said he is targeting proceeds of up to 6 billion euros from selling about 25 percent of the company’s shares, Volkswagen may have to settle for a smaller number, boise state broncos cufflinks people familiar with the IPO preparations said, Volkswagen does not want to sell out on the cheap and may opt for a smaller offer size, similar to Siemens (SIEGn.DE) which opted to downsize its Healthineers IPO earlier this year on investor response to its views on valuation, they added..



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