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Dynamic pricing in live event ticketing has sparked controversy, with consumers often paying significantly more than face value, especially for popular concerts. Despite complaints, many younger adults are willing to incur debt for these experiences, reflecting a post-pandemic "YOLO" mentality. While artists like Taylor Swift have opted out of dynamic pricing, the practice remains prevalent, driven by high demand and the need for revenue in a changing music industry.
Benson Capital Partners has invested in OS BENEFiTS, a New Orleans-based company providing affordable health insurance and wellness benefits for hospitality workers, addressing a significant gap in the industry. With only 32% of U.S. hospitality workers having employer-sponsored healthcare, this investment aims to enhance access to critical healthcare services. Founded by Elizabeth Tilton, OS BENEFiTS offers over 25 wellness benefits and has recently launched a benefits dashboard to improve user experience and personalization.
On December 4, approximately 9.75 lakh shares were traded through block deals, with SBI MF and Tata MF acquiring stakes in Ratnamani Metals and Tubes. Additionally, Saltoro Alpha LP purchased 1.72 lakh shares (0.33% stake) of Marathon Nextgen Realty Ltd at Rs 591.5 per share, with Copthall Mauritius Investment Limited as the seller.
The Joachim-Ma Stradivarius, played by renowned violinist Joseph Joachim during the premiere of Brahms’ Violin Concerto in D Major, is set to be auctioned by Sotheby’s New York on February 7, with a valuation of $12 to $18 million. This sale could break the record for the most expensive musical instrument, currently held by the Lady Blunt Stradivarius at $15.9 million.
Canary Wharf Group has received approval from its bondholders to raise new debt, enabling the refinancing of approximately £600 million ($760 million) in maturing notes. The move will address the company's 2026 notes and £350 million in bonds due in April, with plans to roll over other bonds maturing in 2028.
DLF has appointed Badal Bagri as its new Chief Financial Officer. Bagri, a chartered and cost accountant with over 30 years of experience, previously led the electronics verticals at Reliance Retail and served as CFO at Bharti Airtel. He will take over from DLF MD Ashok Kumar Tyagi, who will step down from the CFO role on December 6, 2024.
London's most expensive mansion, 2-8a Rutland Gate, has failed to attract buyers after Qatar's interest waned. An inspection revealed the property, overlooking Hyde Park, requires extensive refurbishment that could take nearly five years to complete, leading to the Gulf state's withdrawal from negotiations.
Norway's home prices have increased for the fourth consecutive month, surpassing central bank forecasts and dampening expectations for an interest rate cut before March. In November, prices rose a seasonally-adjusted 0.4%, following a trend of gains throughout the year, except for July.
Toronto home sales rose for the fourth consecutive month, increasing by 1.9% in November as falling interest rates attracted buyers back to the market. The benchmark price for a home in the city also saw a 0.8% rise, reaching C$1.094 million ($777,940), marking the second straight monthly gain.
Daniel Raemy, with extensive experience in private banking, partnered with Panattoni to establish the Newport Logistics Fund, focusing on high-quality logistics properties across Europe. Since its inception, the fund has successfully invested in eight projects, with Fund III launched in September 2024, targeting 300 million euros in equity for at least ten new logistics developments. Investors can expect a competitive yield of 15 percent net per year, benefiting from a robust market position and strategic partnerships.
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