Lifestyle

REPORTS: Standard Life plc and Aberdeen Asset Management PLC

The Boards of Standard Life plc (“Standard Life”) and Aberdeen Asset Management PLC (“Aberdeen”) are pleased to announce that they have reached agreement on the terms of a recommended all-share merger of Standard Life and Aberdeen, to be effected by means of a court-sanctioned scheme of arrangement between Aberdeen and the Aberdeen Shareholders under Part 26 of the Companies Act 2006 (the “Merger”). The Combined Group will in due course be branded to incorporate the names of both Standard Life and Aberdeen.

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REPORTS: Press Review Willerfunds and Elbrus Capital

Launched in 1997, WEREE has been advised by Elbrus beginning October 2013. Over the three years, it has improved its risk-return profile and has significantly outperformed its benchmark and competitors. The Fund is now in the top quartile performance among its peers for the period and ranks highly in industry databases and monitoring services such as Morningstar1 (4 stars) and Quantalys2 (5 stars).

WEREE invests in liquid listed equities in Central and Eastern Europe, including Russia and the former Soviet states. The Fund implements a hybrid investment process that combines fundamental research stock selection with a model-driven macro overlay that determines the appropriate level of equity exposure for a given period or market environment.

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Deloitte: Luxury market growing in 2016, but at slower rate than before

The global luxury goods sector is expected to grow more slowly in 2016, at a rate many retailers may find disappointing, according to the third “Global Powers of Luxury Goods” report just released by Deloitte Touche Tohmatsu, which examines and lists the 100 largest luxury goods companies globally, and provides an outlook on the global economy, an analysis of merger and acquisition activity in the industry and discusses the key forces shaping the luxury market.

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