Word: eighting
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...appear to be eight years into another of those long, secular bear markets like the one from 1965 to 1982, or 1929 to 1949. If you're looking for a bottom, an end to the pain, you're very likely to be disappointed. "Bear markets behave rather like Lucy in the Peanuts cartoon strip," Phil Coggan writes in this week's Economist. "Just when Charlie Brown is persuaded to attempt to kick the football, she snatches it away...
...into a corporate culture, however, the stirrer lost its sting. In May last year, resigned to Mambo's dwindling sales and street cred, Gazal announced it was offloading the brand, which a private consortium snapped up in January for about a third of what Gazal had paid for it eight years before. The new owners' plan is to revert to the original Mambo recipe of humor, social commentary and art, while stirring in a fistful of contemporary spices. Co-owner Angus Kingsmill told TIME: "We believe Mambo has massive global potential. It would take almost a perfect storm to stop...
...third director, accountant Anthony Woodward, assembled the consortium and invested heavily in it. They wanted Kingsmill as frontman for two reasons. One was his grasp of the surf industry. For three years from 1999, Kingsmill was general manager of beachculture, a retail chain that grew on his watch from eight to 21 stores in Australia and New Zealand. In 2005, he bought into former ironman Guy Leech's eyewear company Odyssey 20/20, which the pair sold the following year as a market leader...
...stock is listed on AIM, and the market is overseen not by official regulators but by brokerage firms called nomads, which are responsible for the new issues. For years, AIM was a fabulous growth story, attracting more than 2,500 companies from around the globe. But in the first eight months of this year, only 85 companies listed on AIM, compared with 201 in the same period a year ago--and almost twice as many have dropped off it. "Capacity is massively down," says Tom Nicholls, a partner at the London law firm LG who specializes in matters related...
...CANCER on the back. It's a beautiful day to walk together for a little while, just five miles, not so much really, except that in the time it takes to finish, 35 more women will learn they have breast cancer--an average of one every three minutes--and eight more will have died...