Staples has announced that it will be selling a controlling stake in its European business to the private equity firm Cerberus Capital Management LP. They will sell it for 50 million euros ($53.65 million). The European unit for Staples includes retail, contract and online businesses that are in 16 countries. They generate an annual sale…
Best MBA Programs for Entrepreneurs
If you’re a budding entrepreneur, you just might want to move to Spain to complete your MBA. Analysis of full-time and executive MBA alumni who graduated in 2013 from ranked schools shows that Spanish MBA programs are some of the best for entrepreneurs. In June, FT published a list of the top full-time MBA programs…
Karen Ward Becomes Advisor to Philip Hammond
In recent news, the British finance minister Philip Hammond has appointed HSBC,’s Karen Ward to advice him as the country breaks away from the EU. Ward joined HSBC as an economist in 2006 and eventually became the bank’s chief European economist last year. Hammond has previously said that he’s worried that the EU has a…
Eastern European News
Lithuania Propels into Fintech
Lithuania is fast gaining a reputation for being the most accelerated Fintech hub in all of Europe. It features year-on-year 40% growth in the area as well as a burgeoning talent base and quite unique regulatory route. This has rendered it Europe’s largest e-money license issuer. As such, large names are flocking to the area…
Business in Europe: Best Countries Report
Yesterday the European Chamber (EUCHAM) put out a report of “rank[ing] and analyz[ing] all 46 European countries according to their economic environment.” In brief, it was found that the list toppers were those from the Nordic regions (Denmark, Finland, Norway and Sweden). Next on the list was the UK. While in general the FSU countries…
