Big spenders: Victor Li, left, son of mega-wealthy property tycoon Sir Li Kash-ing, right
UBS has sold its 13-storey City headquarters for £1billion to Victor Li, son of mega-wealthy – and aptly named – property tycoon Sir Li Kash-ing.
In 1996, molelike Li, 89, was forced to pay a £100million ransom after Victor, 53, was taken captive by gangsters.
His kidnapper, local king pin ‘Big Spender’ Cheung Tze-keung, later had the gall to ring Li for advice on how he should invest the loot.
Mothercare is a chaotic ship. The struggling babycare retailer is closing 50 stores after swinging to a £72.8million loss last year.
To carry out the restructuring, chief executive Mark Newton-Jones was rehired last month only weeks after he was sacked.
Its annual report now reveals it is having to claw back £2,915 from Newton-Jones, 51 after hapless bean-counters overpaid his pension last year.
Wonder if they’ll be able to work out when the company’s days are numbered?
Peer-to-peer lender Wellesley currently has an advert featuring two skydivers plunging to earth in freefall.
Hardly a reassuring image. Not least as auditors advised Wellesley last year that it was in urgent need of recapitalisation.
Rakish property investor Will Astor welcomes Tatler magazine to his sprawling new schloss in St Tropez.
Will, 39, has painted Villa Astor in pink and pale blue to match the family racing colours, naturellement.
Meanwhile, we’re told his pouting wife Lohralee (‘a doer’) ‘has trained the staff to use local fish and vegetables’ in the kitchen.
What possesses people to invite magazines over to nosey around their homes?
Fancy schmutter merchants Louis Vuitton has launched a sleek World Cup rucksack, embossed with a hexagonal pattern inspired by vintage footballs, costing a mere £2,800.
Just the thing for those weekend kick-abouts at the local leisure centre.