In today's Business Briefing, Simon and Robyn discuss N Brown, Coleen Rooney and Applied Nutrition, the Dealmakers Awards and redevelopment in York.
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00:00Edmund Brown, Developments in York, Colleen Rooney and Applied Nutrition and the
00:06Dealmakers Awards. That's what's coming up in today's Daily Business Briefing.
00:15Hi I'm Simon Keegan. And I'm Robin Hewson. Hi there Robin. Hello. So I like to say
00:23that as if we haven't just been sitting together all day. Keep up the illusion.
00:26Exactly. So I believe you've got a North West story for us first of all. Yeah we
00:30do. So it's about M Brown. Family has agreed to a ÂŁ191 million pound
00:35take private deal for M Brown which is a really famous Manchester company.
00:40Employs about 1,700 people. So that's simply be Giacomo. Exactly. A lot of like
00:46well-known brands. Yeah. So it's set to be taken private after this deal was
00:50agreed with a shareholder Joshua Alliance. So his family is already owning
00:55a controlling stake of the business and that includes Lord David Alliance who's
00:58the former executive chairman. And Alliance Business School fame. Exactly.
01:02So kind of again iconic Manchester name I guess. Definitely. Yeah. So after
01:07graduating from Manchester Uni in 2011 Joshua joined M Brown in 2014 and then
01:12became part of the board in 2020. So this next step is sort of taking over. So
01:18terms have been agreed for a recommended cash acquisition by Joshua's newly
01:22formed company Falcon 24 Bidco. Well from something going private to something
01:27going public. Applied Nutrition's IPO. Very interesting potential investor
01:34Colleen Rooney. Obviously the wife of Wayne Rooney and I think it's fair to say
01:40a Liverpool icon looking at investing in another Liverpool icon. Obviously Applied
01:45Nutrition founded by Thomas Ryder in Liverpool. The company is looking to flow
01:52with a 400 million pound valuation. So some of the investors in that business
01:58as well already. Business figures really well known to our Northwest readers.
02:03There's the likes of Andy Bell from AJ Bell. There's also Peter Cowgill from JD
02:10Sports and obviously of Cowgills. And Mohsin Issa from the EG group as well
02:15who I was sitting next to at our Made in the Northwest Awards. Really really nice
02:19guy. And the advisors that are working on the float as well. Roger Hart who we
02:25know very well at Adelshaws and also Pinsent Masons. Now talking of deals. We
02:33were at the Dealmakers Awards last night. Dealmakers is always a fantastic
02:38event. I think there was some surprise winners this year. I think it's fair to
02:45say. You did some video interviews last night as well. Yeah absolutely so we
02:49grabbed a few of the winners for a quick chat on kind of their thoughts on
02:52the market and how they feel about winning and things like that. So yeah
02:55you'll be able to see those soon. Fantastic and you can read about it in
02:58the December issue of Insider as well. So I feel like the Northwest is hogging all
03:03of this and we better go to one of the other regions. So as Miss Yorkshire is
03:09here. What news have you got from us from your home county? Yeah sorry from my
03:13homeland today. So there's been a major York Riverside development recommended
03:18for approval. So plans to regenerate a key site in York include new retail,
03:22leisure, commercial and resi as well. So that's gonna be a really exciting scheme
03:27by Helmsley Group. So they'd lodged schemes, lodged plans originally back in
03:322022 but they've now revised the schemes and it now includes new things like
03:37250,000 square foot of mixed-use space, Riverside walkway and they're also
03:42regenerating a lot of the sort of old lanes in York which are obviously really
03:46iconic. So you've got to be, you must have to be careful about how you do that
03:50when it's so historic. I mean a lot of the buildings in this conservation
03:55area that they're redeveloping are listed. So yeah it'll be a very sensitive
03:58restoration I think. But the whole scheme itself could generate up to 175 million
04:03pounds of economic benefit for York. So a really really big scheme. Amazing and I
04:08know that our Yorkshire team are going to be following up on that and the
04:12obviously the spin-out benefits of it. Yeah. Well I think that's just about all we've
04:17got time for. So if you'd like to learn more about any of these stories we've
04:21talked about you can do so on insidermedia.com. You can also you know
04:25why not give us a follow on LinkedIn as well and you can see what we're up to
04:30here at Insider. Thanks very much.