Word: spain
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...where golf was rarely played until recently, construction is picking up too. "It's not just about the golf," says PGA pro David Frost, who has played on many of the newest courses around the world. "To attract travelers these days, golf courses have to offer an extra feature. Spain has the Riviera and the nightlife, Hawaii the swimming, Africa the safaris...
...have a novel answer: pizza in a cone. Eating a slice on the run can be messy, so food scientists have cooked up a new conical concept that is catching on in Europe and will soon hit the U.S. This summer Konopizza expects to open shops in Indonesia, Kuwait, Spain and Greece. The chain was founded by Rossano Boscolo, a well-known Italian chef, who prides himself on the fact that the shops' single servings are hustled out of a high-powered oven in just three minutes...
...larger, more frequent and more highly leveraged. Five years ago, the largest European buyout transactions had a value of about $1 billion. Today's biggest deals are three times as large, and several private-equity groups are poring over at least one transaction involving a telecommunications firm in Spain that is worth more than $12 billion. One reason Europe is attractive: such huge firms as electronics giant Siemens, automakers DaimlerChrysler and Fiat and the French media company Vivendi Universal have shed operations they deem no longer core to their fundamental business. Also, investors have been buying medium-size companies whose...
...Washington. He spent a decade running a Paris-based food group he founded before setting up Carlyle's European operations and says using national staff was an important part of the strategy. "I didn't want Americans or English people coming to do the deals in France, Germany and Spain. I wanted French, German and Spaniards." One of Carlyle's first European transactions involved a major French national daily newspaper, Le Figaro--a deal that could have been a political minefield, given the importance of the press. But, says Millet, "they did the deal with us because they...
...MARRIED. CARLOS BATUR?N, 69, and EMILIO MEN?NDEZ, 50; in Spain's first gay marriage since its parliament legalized same-sex unions last month; in Madrid. The couple applied to be wed after the new law, which does not distinguish between homosexual and heterosexual marriages, came into effect on July 3. Batur?n, a psychiatrist, and Men?ndez, a store-window decorator, first met 30 years ago when homosexuality was illegal in Spain; now, the country is the fourth in the world to legalize same-sex marriage...