Connect with us

NEWS

Easdale brothers: ‘We’re buying Bentleys but can’t resist a skip!’

Rina Latuperissa

Published

on

Shaw Academy


It’s fair to say that the shipbuilding town of Greenock in west Scotland is not renowned for being a fertile stomping ground for the world’s wealthiest elite. 

Chic Me - World

Monaco it is not. Yet, Greenock is the place where school dropouts turned business powerhouses Sandy and James Easdale were raised, and they’ve got quite a tale to tell, and if you’ve never heard of them, you soon will.

‘When other kids were at school we were crushing cars in a scrapyard,’ says James Easdale, 49. 

Wealthy: James Easdale, pictured with Sandy, have amassed an impressive business empire

Wealthy: James Easdale, pictured with Sandy, have amassed an impressive business empire

Danone

James says his education on the scrapyard toughened him and his brother up and was ‘more valuable than anything we could have received in a classroom.’

Fast forward to the here and now and the brothers have amassed a property and transport empire valued at over £750million.

For some, being called a ‘jack of all trades’ would be an insult, but in the world of the Easdale brothers, having a toe dipped in a wide range of sectors has enabled them to outsmart their rivals and protect themselves against the vagaries of fortune.

‘Many giants are very powerful but just in their own one field’, says elder brother Sandy, 52. ‘That makes even the strongest ones inherently vulnerable. Every industry has a life span.’

Zalora Hong Kong

James adds: ‘Have a diversity of businesses because that separates impacts and mitigates losses.

Discipline: The Easdale brothers' work on the scrapyard in their youth helped them sharpen their business acumen

Discipline: The Easdale brothers’ work on the scrapyard in their youth helped them sharpen their business acumen 

 ‘We have always been open to all industries, the secret is to surround yourself with good people. Our motto is that not everything is a success, we pick ourselves up quickly and move on.’

Strict discipline was ironed into the siblings from a young age, making for some colourful recollections of everyday childhood experiences. 

James once was overjoyed that he’d been picked for his school rugby team and was convinced that being in the team would make him more popular. 

Chic Me - World

His father was less sure. ‘I told my dad the good news and that I had a game on Saturday. He said no, you don’t, you’ll be working in the scrapyard at the weekend. My smart dad knew that I’d be more popular with money than with a ball’, James says.

Quick to turn their burgeoning business instinct into cash, the brothers snapped up their first pub fresh out of their teens, and went on to amass a collection of other hospitality hotspots over the years.

Before they knew it, they then set their sights on, as you do, buying a local bus company. 

‘We never knew anything about buses,’ James says.

‘Suddenly we had 33 of them!’

From that point on the brothers made swift progress in the transport industry, and in 2012 purchased Arriva Scotland West for £10million. The brothers also secured the giant’s Dundee bus operations. 

‘Adding the National Express purchase to our McGill’s brand makes us the biggest independent bus operator in the UK,’ says Sandy. 

The duo also became directors of Scottish football giant Rangers in 2013 and Sandy’s son, Alexander, 20, is now a professional footballer. 

On a mission: The Easdale brothers recently purchased the Watt Brothers department store in Glasgow and want to reinvigorate Britain's high-streets

On a mission: The Easdale brothers recently purchased the Watt Brothers department store in Glasgow and want to reinvigorate Britain’s high-streets

They have also amassed an impressive and ever-expanding property empire.  The pair’s latest property development, part of a £400million haul of newly-announced bricks-and-mortar deals, is a stone’s throw from where they were born.

Qatar Airways WW

Sandy says: ‘One of our key new developments is right in one of the most deprived areas in Scotland. 

‘But that isn’t a problem for us, we love it, it means that the boost we are now going to inject there will be more impactful and appreciated. Hard-fought victories are the most enjoyable.’

A new round of property development deals from the brothers is due to be announced imminently. 

The pair also have a hand in a string of motoring, leisure and retail ventures and recently snapped up the much-loved Watt Brothers department store in Glasgow. 

Sandy says: ‘Local people loved that deal, they always stopped to speak to us about it in the street, telling us how their mum or granny missed the shop.’

The brothers are on a mission to use their business prowess to help give Britain’s ailing high-streets a much-needed boost over the next few years.

Buying Bentleys but can’t resist a skip  

The pair are proud of their working class roots, and having amassed a fortune now feel as at home in the glitzier parts of London as they do back in their hometown in Scotland.

But, they have never been able to shake off their eye for an opportunity, even in the most curious of circumstances. 

James explains: ‘We were in the Bentley showroom in Mayfair recently, making a few nice purchases.

Show me the skip: The Easdale brothers couldn't resist a boiler in a skip outside when buying a string of Bentleys

Show me the skip: The Easdale brothers couldn’t resist a boiler in a skip outside when buying a string of Bentleys

‘The staff were showing us around and then they lost us. They discovered Sandy and I with our heads in their skip. 

‘We spotted a copper boiler tossed in the rubbish, both of us could instantly tell it might fetch £30, what a waste!

‘The staff were utterly perplexed when we scooped it out and tried loading it in the boot.’

While the economy flounders and uncertainty looms large over everyone, the Easdale brothers remain confident about their prospects.

‘You have to remember we have built everything in the hardest areas of Scotland,’ says Sandy. 

He adds: ‘Recession was a constant, a norm, not a shadow on the horizon or on TV. It was reality. We have had the steepest incline to work against. Adversity feels natural for us, it has been around us everyday. 

‘By the time we even got to step foot in London we had already built a huge business, we were millionaires with great success.

‘So the capital was like landing in Las Vegas, I think the locals thought we were like two Crocodile Dundees!’

The brothers, who are on track to join the billionaire club imminently, are convinced their straight-talking approach carved from their early business dealings is now revered by top companies all over the world. 

‘There are brilliant opportunities, and now we have the money and maturity to fully exploit them’, Sandy says. 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.



Source link

Rosegal
Advertisement
Click to comment

NEWS

Powerplay: America eyes ICBM-killing ships

Avatar

Published

on

Shaw Academy


There was a cool rock song from the 1970s, from a Detroit rocker by the name of Alice Cooper.

Chic Me - World

It was called, “Welcome to my nightmare.”

Alice was no Bob Dylan, but he was great on stage, and his theatrics became legendary to rock fans and aficionados.

Well, Beijing and Xi Jinping have a new “nightmare” to face, and I’m afraid it is a biggie. It’s called “power-scaling laser” technology.

Danone

Remember that phrase, you will be hearing more about it in the near future, I am sure.



Source link

Rosegal
Continue Reading

NEWS

Tiger Woods ‘won’t walk for three months’ as he moves to new hospital after car crash

Avatar

Published

on

Shaw Academy


Chic Me - World

Tiger Woods has been moved to a new hospital to continue his recovery from a horror car crash – but won’t be able to walk for three months.

That’s the verdict of orthopedic surgeon and former PGA Tour golfer Bill Mallon as Woods faces the biggest fight of his legendary career.

Woods’ hopes of playing again are under severe threat after he suffered two open fractures and a shattered ankle after flipping his car in Los Angeles on Tuesday.

Danone

The 15-times Major winner has now been moved to LA’s Cedars-Sinai Medical Center – a level one trauma centre known for rehabbing athletes.

He was previously treated at the Harbor-UCLA Medical Center, where his right leg was put back together during surgery with the insertion of a rod, screws and pins.

Tiger Woods of the United States hits his tee shot on the 15th hole during the final round of the PNC Championship at the Ritz Carlton Golf Club on December 20, 2020 in Orlando, Florida.
Tiger Woods’ extraordinary career is under threat after he suffered devastating injuries

Woods was told by doctors he is lucky to be alive following the crash, and he faces a huge challenge to resurrect his trophy-laden golf career.

And it will be at least three months before the 45-year-old is able to put weight on his foot, according to Mallon.

Zalora Hong Kong

“With fractures of this sort in the lower extremities, it takes about three months to heal enough to fully bear weight,” said the surgeon, quoted by The Sun.

Woods suffered open fractures to the his tibia and fibula and further injuries to his foot and ankle in the single-car crash on Tuesday.

Woods has been moved to LA’s Cedars-Sinai Medical Center to continue his recovery

But despite the huge challenge now facing him, the stricken star vowed to make a sensational return to the golf course, telling close friends: “It can’t end like this.”

He made the promise as his girlfriend Erica Herman, agent Mark Steinberg and caddie Joe LaCava all visited him in his hospital bed.

A source close to Woods added that the 45-year-old was “frustrated” and let slip to People magazine: “He doesn’t want his career to end like this.

Chic Me - World

The unnamed source also said: “This is a massive setback, and he knows it, but he’s overcome obstacles in the past and thinks he can do it again.”

Woods was told he was lucky to be alive after flipping his car this week

Meanwhile, hospital chiefs at Harbor-UCLA Medical Center said it had been “an honour” to be entrusted with Woods’ care.

Interim CEO Anish Mahajan said on the hospital’s Twitter account: “Woods was transferred to Cedars-Sinai Medical Center for continuing orthopaedic care and recovery.

“It was an honour to provide orthopaedic trauma care to one of our generation’s greatest athletes.”

Woods survived “what would otherwise have been a fatal crash” on Tuesday morning because the interior of his vehicle remained largely intact, according to Los Angeles County Sheriff Alex Villanueva.

The police chief added that “deputies at the time did not see any evidence of impairment” after arriving on the scene at 7.18am local time and confirmed on Wednesday that Woods was “not drunk” and that the crash was “purely an accident”.

READ MORE: Tiger Woods horror car crash sent NBA star Stephen Curry into ‘a dark place’

READ MORE: Tiger Woods’ pro career likely over with Rory McIlroy just grateful kids didn’t lose father





Source link

Qatar Airways WW
Rosegal
Continue Reading

NEWS

Profits fall at RSA Insurance as it prepares to be sold

Rina Latuperissa

Published

on

Shaw Academy


Profits fall at RSA Insurance as it prepares to be broken up and sold

Chic Me - World

Profits have fallen at RSA Insurance as it prepares to be broken up and sold. 

Danone

The UK group said profits in 2020 fell 2 per cent to £483m, blaming costs related to a restructure and Covid-19. 

Boss Stephen Hester said the results were ‘excellent’ but shares remained virtually unmoved yesterday at 675.4p.

'Excellent': The UK group said profits in 2020 fell 2 per cent to £483m, blaming costs related to a restructure and Covid-19

‘Excellent’: The UK group said profits in 2020 fell 2 per cent to £483m, blaming costs related to a restructure and Covid-19

Last month investors voted in favour of the £7.2billion bid from Intact, a Canadian insurance firm, and Denmark’s Tryg. 

Zalora Hong Kong

The companies have agreed to split RSA’s business between them, separating the Scandinavian part of the firm from the UK and Canada wing.

Chic Me - World



Source link

Rosegal
Continue Reading

NEWS

LSE could be buffeted by factors outside its control this year

Rina Latuperissa

Published

on

Shaw Academy


LSE trying hard to set its own course but business could be buffeted by factors outside its control this year

Chic Me - World

The London Stock Exchange Group (LSE) has had a blockbuster start to the year. 

Danone

It finally managed to complete its long-awaited takeover of Refinitiv in January, dodging competition concerns from international regulators. 

The £20billion deal will mean the LSE, already a leader in financial markets, has data and analytics capabilities and should be able to rival titans such as Bloomberg and CME Group. 

But while the LSE is trying hard to set its own course, with chief executive David Schwimmer attempting to follow in the footsteps of his predecessor Xavier Rolet in making astute acquisitions, the business could be buffeted by factors outside its control this year. 

Zalora Hong Kong

First there is Brexit and the ongoing battle between officials in Brussels and London over ‘equivalence’ in the financial sector. 

An agreement on equivalence would mean both sides recognise each other’s rules and regulations, allowing financial trades to continue between the UK and the EU. 

But so far, the EU has not granted the UK equivalence – meaning some EU institutions have had to take business which would usually be done in London to the continent. 

This has not fazed the LSE. But if the EU could poach more clearing business from the LSE’s London Clearing House, Schwimmer and his team may be more worried. On the other hand, the Government is consulting on ways to encourage more firms to list on the stock market. Then, the LSE could be a major beneficiary. 

Chic Me - World



Source link

Rosegal
Continue Reading

NEWS

Blonde Brazilian model dubbed ‘Barbie of crime’ arrested again after swindling cash

Avatar

Published

on

Shaw Academy


Chic Me - World

A blonde model nicknamed the “Barbie of Crime” has been put under house arrest after not complying with her previous sentence for scamming people online.

A court in the Brazilian state of Goias has issued a new arrest warrant for pretty Bruna Cristine Menezes de Castro, 31, who was convicted of purchase fraud in September 2015.

The court in the Goias state capital of Goiania ordered her arrest on February 18 after she failed to show up for any of the community service appointments or hearings she was required to attend as part of her sentence for scamming people out of their money by selling them mobile phones that did not exist.

Danone

She had hundreds of followers on Instagram

According to the court in Goiania, Bruna paid the last instalment of her fine in September 2017, but missed all of the community service appointments and all six hearings she was required to attend.

The authorities were unable to locate her as she had changed her address without notifying the court, “perhaps thinking she was above the law”, as judge Wilson da Silva Dias indicated.

Bruna’s latest hearing was scheduled for January 13, but her legal team requested that it be postponed as she allegedly had Covid-19.

Bruna Cristine Menezes de Castro was convicted for her scams

The hearing was rescheduled for February 10, but Bruna did not show up, claiming that her son had tested positive for the virus. The court considered this excuse invalid.

Zalora Hong Kong

The court allowed house arrest after the defence reported that the model is the mother of two children under the age of 12.

“She never intended to want to let go of her imposed obligations. It is so true that she spontaneously appeared accompanied by her lawyers,” said her defence, in a statement.

Bruna was originally sentenced to community service and ordered to pay a fine of 10 minimum wages for selling mobile phones to two people and failing to deliver their products.

During her trial, she confessed to the crime and claimed she was sorry for her actions. However, she is also reportedly facing other allegations of fraud in Rio de Janeiro and Brasilia.

According to the police, over 100 people have claimed to the authorities that Bruna scammed them out of money.

Chic Me - World

Customers often reported that after ordering their products, Bruna would not deliver the items, claiming health or family problems.

She is believed to have used some 10 different bank accounts to guard her illicit earnings.

According to the police, Bruna even scammed her ex-boyfriend out of money, posing as her own father and falsely claiming she had cancer.

The victim said he transferred BRL 15,000 (£1,960) to her for the fake treatment.





Source link

Rosegal
Continue Reading

NEWS

Seagulls feast on corpses after coffins crash into sea in grisly mayhem

Avatar

Published

on

Shaw Academy


Chic Me - World

Seagulls are feasting on hundreds of dead bodies after a cemetery collapsed into the sea during a landslide, sending scores of graves into the water.

More than 200 coffins were swept away leaving locals horrified at the sight of loved ones’ bodies and wrecked caskets crashing onto the rocks below and being swept out to sea.

The shocking incident took place on Monday, February 22, with Italian officials continuing to fish corpses and coffins out of the water after a landslide caused a part of the Camogli Cemetery to collapse into the sea in a fishing village near the city of Genoa, in Italy’s Liguria region.

Danone

Firefighters and rescuers managed to recover some 10 other coffins

Two bodies and a part of a coffin were found on the beach in Camogli not far from the landslide and firefighters and rescuers managed to recover some 10 other coffins.

The two corpses that were reportedly in an advanced state of decomposition were recovered by the fire brigade on February 25.

According to news site Fan Page, the cemetery was on a cliff 50 metres (164 ft) high, and when the landslide hit, part of the cemetery collapsed with it.

Two chapels at the Camogli cemetery were also destroyed and prosecutors have opened a probe into the landslip.

Zalora Hong Kong

Seagulls have been feasting on the dead bodies

The fire brigade, a helicopter, coastal guard boats and a team of divers and nautical specialists attended the scene, and footage shows officials trying to bring as many of the coffins as possible back to land.

Rescuers who reported that the seagulls had been feasting on the bodies say they are also worried about the worsening weather conditions and sea currents carrying corpses to the west.

The investigation into the cause of the accident is continuing and the military is collecting statements from local residents who said they had reported seeing cracks in the cemetery in the past.

The landslide took place on Monday

Work also continues on the cliff affected by the collapse as some parts of the cemetery is still in a precarious situation after the incident.

Following the incident, a woman named Pamela told of her grief as she feared her father’s ashes were lost in the sea, the Independent reports.

Chic Me - World

She told a local newspaper: “My legs are shaking, it’s like he’s dead again.”

Coffins smashed into the cliffs below

“I lost my grandmother, I don’t even know if we will find her again. And now I try to understand that my father didn’t go down too. It’s a shame,” resident Germana Zoppi added.

Camogli’s mayor Francesco Olivari said: “It is an unimaginable catastrophe.

“We’ll do our best to identify the bodies using DNA tests.

“We are also planning to create a team to provide psychological support to those people, who are understandably under shock.”





Source link

Rosegal
Continue Reading
Advertisement Rentcars.com

Recent Posts

Advertisement CheapOAir
Advertisement ADCOS

Popular