Word: aga
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
Hasty Pudding president Zara Aga Khan '94 saidthe club has professional bouncers who check theidentification of all who enter the building andthat the club follows the University's alcoholpolicy, which prohibits serving alcohol to minors...
FINANCE: How the Aga Khan Stumbled...
...Aga Khan's business empire began to wobble in the late 1980s when the Ciga hotel group embarked on a spectacularly ill-timed expansion. The goal was to build on its world-famous string of $400-a-night hotels such as the Grand in Rome and the Danieli in Venice. Just as the global economy was about to falter, Prince Karim began piling up debt to pay for costly renovations and the purchase of more than a dozen new hostelries, including the Palace in Madrid. Banks remained eager to put up the money because Ciga could pledge real estate worth...
...Aga Khan, who has always been something of a loner on the clubby Italian business scene, lacked financial alliances within the country and had nowhere to turn for help. His longtime friend Fiat chairman Giovanni Agnelli was preoccupied with the financial woes of his own scandal-tainted automotive empire...
...desperate effort to pare down the debt, Fimpar, the Aga Khan's holding company, planned to raise $200 million on the Milan stock exchange. But the Gulf War scared off investors, and the plans had to be dropped. Finally, the Aga Khan hired Goldman Sachs last year to sell off some of Ciga's lesser hotels in hopes of raising roughly $175 million to repay loans and stanch losses. One of the few buyers that stepped forward was Situr, an Italian property group, but before a deal could be struck, Situr alleged that Ciga's books contained serious irregularities...