CITY DIARY: How the owner of the Fraser chain, Yuan Yafei, enjoys the finer things in life, from hand-made suits to Cuban cigars
The coward Mr Deedes
The owner of House of Fraser, Yuan Yafei
The owner of Fraser's house, Yuan Yafei, whose department store seems destined for administration, enjoys the good things in life. Handmade costumes, Cuban cigars. A footman informs me that he also likes fresh flowers and they like them in all the rooms. On his first visit to the offices of Fraser House in Oxford Street, an entrepreneurial manager saved some money by buying two bouquets of flowers that revolved around the room he visited.
Now, the disheveled founder of Ineos, Sir Jim Ratcliffe, is upgrading the monopoly of Monaco, when will he pick up his knighthood? Sources close to the richest man in Britain are sure he has not compiled it yet. Ratcliffe's conversation with the Queen or, as is more likely these days, Prince Charles, in his investiture could be interesting. The palace officials were clearly disconcerted when Sir Mick Jagger delayed the collection of his gong, supposedly to coincide with the days that avoided the taxes that were allowed in the United Kingdom.
Nigel Wilson, the increasingly messianic boss of Legal & General, was criticized yesterday by the BBC's business journalist, Dominic O'Connell, after the results of the insurer in the first half blamed a decline in the gains on "a reduction in the positive investment variance". Asked O & # 39; Connell: "What does that mean in English?" Wilson: "The results in our investments in the stock market are lower than in the first half of last year." O & # 39; Connell: Why do not you say it then? & # 39; Wilson: "It's the language of our industry." A surprise is not it?
Sophia Money-Coutts, scion of the Coutts banking dynasty, launched her debut novel The Plus One at Claridge's this week. She announced that she wanted to apologize to her parents for the fruity sex scenes, which Jilly Cooper says made her feel "like a nun." His imposing father, the former director of Cazenove Capital, the face of Lord Latymer, was an absolute image.
The mischievous rogue trader Nick Leeson is selling replica jackets based on the gaudy, navy blue and yellow design of his now notorious Barings commercial blazer. Shameless things, but all the money in the bank, I suppose. The real Leeson jacket was purchased at an auction in 2007 for £ 21,000. The cash was for the creditors of Barings.