Day: March 1, 2018

Bankruptcy of Nirav Modi’s Firestar Diamond in the U.S. draws early interest from potential buyers

Firestar Diamond and its affiliates had shown around $90 million in annual sales in the previous year. Its bankruptcy filing documents reveal some interesting tidbits including its corporate structure and the fact that it is talking with lenders for debtor-in-possession… Read More ›


William Ackman’s Pershing Square Capital Management building stake in United Technologies

William Ackman has let it be known that Pershing Square has reversed its position vis-a-vis Herbalife and is now building up a position in aircraft parts maker United Technologies Corp. Despite the fact that 6 years ago William Ackman, billionaire… Read More ›