Word: cavenham
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Anglo-French Millionaire Sir James Goldsmith jets frequently between London, where he controls Cavenham holding company, Paris, where he owns the magazine L'Express, and New York City, where he watches over his Grand Union grocery-store chain. Goldsmith, 52, last week added another stop to his travels: San Francisco. He emerged victorious after an eight-month battle for Crown Zellerbach, the $3 billion California-based paper and forestry giant, and was named chairman of the board. Goldsmith now controls 51.3% of Crown's 27.4 million outstanding shares, and his investment partnership, General Oriental Securities, will get six of eleven...
...American market, in which promotion and image are crucial. European companies have acquired 21 major U.S. retailers since 1973, but only two of these foreign firms have earned large U.S. profits: Belgium's Delhaize-Le Lion group. which owns Food Town grocery stores, and Britain's Cavenham, which bought the Grand Union supermarket chain...
James Michael ("Jimmy") Goldsmith, 43, is the flamboyant, ardently Tory chairman of Britain's huge Cavenham food empire, third largest in Europe. Last month quite a few British eyebrows were raised when London's right-wing Daily Express reported that Harold Wilson had recommended Goldsmith for a peerage in the resignation honors list customarily submitted by Prime Ministers leaving office. Peerages, as well as lesser awards, are usually given to individuals who have rendered outstanding service either to the P.M. personally or to the country as a whole. But what possible public service...
Goldsmith rendered to anyone other than the shareholders of Cavenham, Ltd.? Speculation intensified following press reports that the Political Honors Scrutiny Committee, which must approve political nominations, objected to three of Wilson's candidates...
...entrepreneurs, Goldsmith is by far the best known, both for his aggressive business style and his uninhibited private life. Raised in France and educated in Eton, where he was a successful afterhours bookmaker, Goldsmith since 1965 has expanded Cavenham from a modest confectionery maker to a multinational with sales in 1975 of $3.1 billion. For years, Goldsmith has maintained a highly visible double life; he has a wife and two children in Paris, plus a mistress (Lady Annabel Birley, after whom London's upper-crusty discotheque and dining club "Annabel's" is named) and two more children...