Latest news with #DavidLewis
Yahoo
07-07-2025
- Business
- Yahoo
BDO announces two new partner hires in UK
BDO, an accountancy and business advisory firm, has strengthened its tax practice with the addition of two new partners in the UK. David Lewis, assuming the role of Tax Dispute Resolution partner, joins BDO's Private Client Services team. He brings more than 25 years of experience in investigative tax. Based in the London office, Lewis will work with high-net-worth individuals and complex corporate organisations. He joins the firm from Forvis Mazars. James Dye, appointed as a Tax Partner, will focus on growing the employment tax services in the southern region, targeting mid-market companies. Dye will operate from BDO's Reading office and boasts extensive experience in the Thames Valley and South West regions. He was previously positioned at Deloitte. BDO head of Tax Adam Frais said: 'David and James's appointments are part of our ongoing investment into talented and high-performing individuals who offer a broad range of bespoke services. Both David and James bring a wealth of experience and expertise and are a valuable fit for our firm and culture.' In June 2025, BDO Australia announced that Hellen Thomas and Nabil Hossain have been appointed as partners at the Canberra office. They are expected to enhance BDO's advisory services for public sector clients in the region. In January 2025, BDO welcomed Daniel Foster as a partner in its Cambridge office. Foster, who brings 14 years of experience from EY, including two as an audit partner, will contribute to the growth of BDO's audit team in East Anglia. "BDO announces two new partner hires in UK" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Calgary Herald
04-07-2025
- Business
- Calgary Herald
Big box stores learning to survive with financial restructuring
Leaving a giant vacant space on the side of a mall or shopping centre is noticeable when a big box store falters. But just because a store missteps, doesn't mean it's doomed. Article content Over the years, Canada has seen some big stores go bankrupt like Sears, Eaton's and Woolworth's. Nordstrom, Oak + Fort, and more recently Hudson's Bay, have also found themselves in financial hot water, but through financial restructuring managed to avoid the fate of big box stores that came before them. Article content Article content There's four different 'difficult' scenarios that companies can find themselves in when it comes to insolvency, according to David Lewis, partner and senior vice-president in financial advisory services with BDO Edmonton. However, the benefit of one of those options, the Canadian Companies Arrangement Act (CCAA), is that the companies can live another day. Article content Article content 'The purpose of the CCAA in Canada is to restructure a business so it can continue on. Recently, what we've been seeing is it being used as winding up corporations due to large debt and multiple stakeholders having multiple different claims,' said Lewis. Article content It takes a lot to make a big box store work, and there's no shortage of moving parts. Whether it's employees spread out across the country, giant properties, or mountains of inventory that must be distributed throughout the country (and in some stores has products attached to specific seasons), there's plenty of concerns to keep track of in the giant retail machine. Lewis highlighted a few reasons why big businesses might need to speak with an insolvency trustee like him. Article content Article content 'Fraud is one of them,' Lewis said, adding that there's been recent trouble in the trucking industry related to it. Another is the 'big project,' which some companies either start or plan, hoping it will fix all its problems. Article content But the most common issue is money. Article content 'Working capital is probably the largest challenge that most businesses face. Especially smaller ones, trying to time your payments from your customers, and then your payments to your various vendors, can always be a challenge, especially in this time where we have tariff uncertainty and inflation,' he said. Article content As large retail stores seem to be increasingly struck with financial troubles, you might think it's a reflection of shifting consumer preferences. Although preferences have certainly shifted more online, John Pracejus. director of the School of Retailing and associate professor of marketing at the University of Alberta School of Business, clarified that consumer preference hasn't moved completely away from the brick and mortar stores, they're just opting for better experiences.
Edmonton Journal
04-07-2025
- Business
- Edmonton Journal
Big box stores learning to survive with financial restructuring
Article content Leaving a giant vacant space on the side of a mall or shopping centre is noticeable when a big box store falters. But just because a store missteps, doesn't mean it's doomed. Article content Over the years, Canada has seen some big stores go bankrupt like Sears, Eaton's and Woolworth's. Nordstrom, Oak + Fort, and more recently Hudson's Bay, have also found themselves in financial hot water, but through financial restructuring managed to avoid the fate of big box stores that came before them. Article content Article content There's four different 'difficult' scenarios that companies can find themselves in when it comes to insolvency, according to David Lewis, partner and senior vice-president in financial advisory services with BDO Edmonton. However, the benefit of one of those options, the Canadian Companies Arrangement Act (CCAA), is that the companies can live another day. Article content Article content 'The purpose of the CCAA in Canada is to restructure a business so it can continue on. Recently, what we've been seeing is it being used as winding up corporations due to large debt and multiple stakeholders having multiple different claims,' said Lewis. Article content It takes a lot to make a big box store work, and there's no shortage of moving parts. Whether it's employees spread out across the country, giant properties, or mountains of inventory that must be distributed throughout the country (and in some stores has products attached to specific seasons), there's plenty of concerns to keep track of in the giant retail machine. Lewis highlighted a few reasons why big businesses might need to speak with an insolvency trustee like him. Article content Article content 'Fraud is one of them,' Lewis said, adding that there's been recent trouble in the trucking industry related to it. Another is the 'big project,' which some companies either start or plan, hoping it will fix all its problems. Article content But the most common issue is money. Article content 'Working capital is probably the largest challenge that most businesses face. Especially smaller ones, trying to time your payments from your customers, and then your payments to your various vendors, can always be a challenge, especially in this time where we have tariff uncertainty and inflation,' he said. Article content As large retail stores seem to be increasingly struck with financial troubles, you might think it's a reflection of shifting consumer preferences. Although preferences have certainly shifted more online, John Pracejus. director of the School of Retailing and associate professor of marketing at the University of Alberta School of Business, clarified that consumer preference hasn't moved completely away from the brick and mortar stores, they're just opting for better experiences.
Yahoo
22-06-2025
- Business
- Yahoo
CEO TALKS: Bang & Olufsen's Kristian Teär on Amplifying Its Design Potential, Retail Expansion
MILAN — Born in Struer, Denmark, almost 100 years ago, Bang & Olufsen has Scandi design in its DNA. From the Beolit 39 radio invented in 1939 to its Beolab 5 envisioned by legendary designer David Lewis, the company has consistently focused on creating pieces meant to be passed on from generation to generation. Under the leadership of chief executive officer Kristian Teär, Bang & Olufsen is focused on conveying its prominence in the pages of Danish and global design, through completing storytelling, design events and innovative, high-end concepts like Atelier. More from WWD Big Spenders Are Losing Their Appetite for Luxury Frances Valentine Released a Book Tote to Honor Kate Spade's Enduring Legacy Former Fashion Editor Patricia Peterson Dies at 99 Unveiled this year, Atelier allows customers to begin crafting their ideas online, choose from over 500,000 possible combinations of fabric, wood and aluminium finishes and finalize details in store. It also offers bespoke services, Teär explained. 'It's now a core part of the strategy and when we look at also the target audiences that we have, everybody wants to express themselves in a different way. You don't want to necessarily have what everybody else has anymore,' he told WWD in an interview. A veteran of the tech industry, the Swedish executive joined Bang & Olufsen in 2019. Prior to that he was the Europe, Middle East and Africa vice president at Logitech; chief operating officer for BlackBerry and has held several management positions at Sony Ericsson. The audio and video specialist's strategy hinges on augmenting its personalization possibilities and design potential, and is reflected in its flagship 'culture' stores. On Wednesday, Bang & Olufsen opened its fourth such high-impact store in Milan on Corso Matteotti in the Quadrilatero shopping district. These special flagships are at the apex of its retail strategy and network of 364 points of sale. Culture flagships are situated in 'Win Cities' like Seoul, London and Copenhagen, cultural capitals with a large population of high-net-worth individuals. Later this year, Bang & Olufsen will open an additional three flagships in California and one in Paris. The new Milan store represents a strategic milestone and its intention to further penetrate both the global fashion and design communities. With its archival audio artistry gallery, a private room allowing clients to explore limited editions like the Ferrari Grigio Corsa Collection, and event space for music and cultural events, the Milan flagship sets the stage for the brand's next chapter where sound and design are seamlessly integrated. These hubs are also a way for the Danish firm to demonstrate its potential to the interior design community, fortify its local teams and establish one-on-one relationships with key players in design and affluent clients, Teär said, pointing to a geometric assembly of the Beosound shape tile speakers that can be arranged in a variety of ways and expanded to cover the whole wall. 'This is like a piece of design,' he said, noting that one might not even understand it was speakers they were looking at. Pieces like these can also be tailored with a variety of colors and fabrics. Collaborations with the fashion and automotive worlds have also helped the firm reach new heights. Since 2017, Bang & Olufsen has collaborated with Saint Laurent's creative director Anthony Vaccarello, culminating in his spin on the iconic Beogram 4000c with the Saint Laurent Rive Droite Edition. 'Turntables are back in,' Teär said. 'These are also pieces of design in themselves.' Last year, the firm expanded its collection with Ferrari-inspired speakers in the brand's signature red. The collection includes three of Bang & Olufsen's flagship, high-end products, each reimagined with Ferrari's design language: the Beolab 50 speaker, the Beosound Theatre soundbar, and the Beovision Theatre TV. Founded in 1925, Bang & Olufsen's journey began in a farmhouse in Struer, where Peter Bang and Svend Olufsen developed the Eliminator — the first mass-produced radio that could be plugged into a wall socket, eliminating the need for batteries. Today, the company makes headphones, speakers, televisions, soundbars and other accessories. Looking ahead, the 'Win City' model is expected to drive sales further, as evidenced by the 36 percent sell-out growth posted in the third quarter of the ongoing fiscal year 2024/2025 versus 2023/2024. 'We know that concept is working when we are doing the new store format, but also the marketing around it and the services around it and the partnerships around it. We are becoming even more culturally relevant,' he said. In its fiscal 2023/2024 earnings report, the firm said generated 2.59 billion Danish kroner or $400 million. The company officially turns 100 years old on Nov. 17. A series of events will unfold around the world and in Struer, where it is still headquartered. Sign in to access your portfolio
Yahoo
14-06-2025
- Business
- Yahoo
Housing plans on edge of village spark objections
Plans for a new housing development on the edge of a Surrey village have been met with opposition. The developer, Mac Mic Strategic Land Limited, proposes to build 250 homes in Blundel Lane, south of the Polyapes Scout Camp in Stoke D'Abernon. A spokesperson for the company said: "The development aims to create a well-planned, connected and integrated sustainable extension to Stoke D'Abernon." According to the Local Democracy Reporting Service, nearly 90 objections oppose the application, with one saying the scheme - called The Paddocks - was an "inappropriate urban development". One objector said the site would impact existing residents who use local amenities. "The environmental and ecological impact will also be significant with the loss of trees and the destruction of habitat for wildlife," they said. Planning documents reveal the development includes highway improvements and new pedestrian crossings. Councillor David Lewis said the new development could see a "40% increase in the village's population". He said the changes were "completely unworkable" for the current infrastructure and added the development would create an "urban sprawl on the green belt and could merge into Oxshott". In line with council policy, Mac Mic plans to deliver 125 affordable homes at the development site. The company website states: "The Borough of Elmbridge is one of the least affordable places to live in England with the highest median house prices outside of London." Follow BBC Surrey on Facebook, on X. Send your story ideas to southeasttoday@ or WhatsApp us on 08081 002250. Final stage of 1,200-home project gets green light Plans for 250 homes on village edge Homes plan will help 'build futures', council says Surrey County Council
