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					20 Gulf Daily News           Friday, 20th March 2009




    Tributes paid Investcor
       to Natasha stake in S
                                                                                                                                                  jewellery
                                            NEW YORK: The
                                             theatre and film
                                              worlds paid trib-
                                              ute to
                                              NATASHA
                                              RICHARDSON
                                              yesterday after                                                                                     MANAMA: A consortium                    “The gold and jewellery mar-
                                             her death from a                                                                                                                           ket is intertwined with the social
                                     severe brain injury in a                                                                                     lead    by     Bahrain-based
                                                                                                                                                  Investcorp has acquired a 70          and cultural fabric in the region,”
                                      skiing accident.                                                                                                                                  co-head of Investcorp’s private
                                          The 45-year-old, a mem-                                                                                 per cent stake in Saudi gold          equity business in the Gulf
                                       ber of Britain’s Redgrave                                                                                  and jewellery maker L’azurde.         region Azmat Taufique said.
                                        acting dynasty and an                                                                                        The acquisition is one of the        He said that more than 50pc of
                                         accomplished stage and                                                                                   first major private equity deals the market is linked to social
                                         screen performer, died in a                                                                              this year in the Gulf region, where events like weddings, which will
                                          New York hospital early                                                                                 investors have stayed mostly on help the market grow due to the
                                          yesterday.                   ▲ Redgrave, centre, poses with her daughters Natasha, left, and
                                              Britain’s tabloids                                                                                  the sidelines since the global young population of
                                           expressed shock felt by Joely as they arrive for the opening of the “Typically British”
                                                                          exhibition at Pompidou Centre in Paris on October 3, 2000
                                                                                                                                                  financial crisis reached                         the Middle
                                            the family and wider                                                                                  the region late last year.                       East. “That
                                            public that what had                          hospital in New York since Tuesday, surrounded             Investcorp owns a                             demand       is
                                             appeared a relatively minor fall on the      by her husband, actor LIAM NEESON, her two              72pc stake in the buy-                           irrespective
                                             slopes in Canada earlier this week had       sons MICHAEL, 13, and DANIEL JACK, 12,                  ing consortium, in                               the volatility
                                              ended in tragedy.                           and members of her immediate family including           which it partners with                           in the gold
                                                 Richardson, who fell during a private her mother, actress VANESSA REDGRAVE.                      Eastgate          Capital                        price,”     he
                                               ski lesson on Monday at a ski resort in       “Neeson, his sons, and the entire family are         Group, private equity                            said.
                                               Quebec, was seemingly fine afterward. shocked and devastated by the tragic death of their          arm of Saudi bank                                  In       the
            ▲ Natasha ...                       But about an hour later she com-          beloved Natasha. They are profoundly grateful for       NCB, and Abu Dhabi-                              Middle East,
             mourned                            plained that she didn’t feel well.        the support, love and prayers of everyone, and ask      based banking group                              gold is also ■ Mr Ta
                                                   The actress had been admitted to       for privacy during this very difficult time,” a fami-   The National Investor.         ■ Mr Kirdar       seen as an important
                                                                                                          ly spokesman said.                         L’azurde, owned by the Al means to preserve wealth. The
                                                                                                             Filmmaker KEN RUSSELL,               Othaim Holding, had 2008 rev- Gulf region accounts for 12pc of
                                                                                                          who directed Richardson in the          enues of more than $500 million the global jewellery market,
                                                                                                          1986 film Gothic, said the actress      and is the world’s fourth largest Taufique said.
                                                                                                          was “always poised, prepared,
                                                                                                          focused and very, very bright.          manufacturer and distributor of         Investcorp made the invest-
                                                                                                             “Her beauty was golden,” he          gold and jewellery, Investcorp ment through its $1.1 billion
                                                                                                          wrote in The Times.                     said.                                 Gulf Opportunity Fund I, the
                                                                                                                                                     The company has two manu- fund’s second deal after acquir-
  West faces 30                                                                                              Hollywood actress LINDSAY
                                                                                                          LOHAN, who starred with
                                                                                                          Richardson in the 1998 comedy
                                                                                                                                                  facturing facilities for gold and ing a 36pc stake in the Middle
                                                                                                                                                  jewellery in Saudi Arabia and Eastern operations of IT distrib-

  months in jail                                                                                          The Parent Trap, called her “a
                                                                                                          wonderful woman and actress
                                                                                                          (who) treated me like I was her
                                                                                                                                                  Egypt. The gold component of utor Redington India in
                                                                                                                                                  its annual jewellery output November for $98m.
                                                                                                                                                  amounts to 26 tonnes.                   The company, which once
  LOS ANGELES: Superstar US                                                                               own.”
  rapper Kanye West has been
  charged with assault, theft
  and vandalism related to a
                                                                                                             As an actress, Richardson was
                                                                                                          equally adept at passion and
                                                                                                          restraint, able to portray besieged
                                                                                                                                                  $18bn HSBC
  September 2008 incident
  involving paparazzi at Los
  Angeles’ LAX airport.
                                      ▲ Natasha’s sons Daniel, left, and Michael at the hospital                 women both confessional
                                                                                                                  (TENNESSEE
                                                                                                                  WILLIAMS’ Blanche
                                                                                                                                                  rights issue
  The 31-year-old Grammy-
  award-winning musician could
  face up to 30 months in
                                                                                                                  DuBois) and confined (the
                                                                                                                  concubine in the futuristic
                                                                                                                                                  is approved
                                                                                                                  horror of The Handmaid’s        LONDON: Investors yesterday
  prison.
                                                                                                                  Tale).
  West was arrested on
                                                                                                                      Broadway dimmed its         approved HSBC Holdings’
  September 11 after the airport                                                                                                                  record £12.9 billion ($18.4bn)
  altercation in which West and                                                                                   lights yesterday in honour
                                                                                                                  of Richardson.                  rights issue, which the bank said
  his manager “confronted, and                                                                                                                    would keep it financially strong
  engaged in an altercation                                                                                           “The Broadway com-
                                                                                                                  munity is shocked and           as it faced “unprecedented tur-
  with, two photographers,” the
  LA attorney’s office said in a                                                                                  deeply saddened by the          moil”.
  statement.                                                                                                      tragic loss of one of our          The bank said over 99 per
  The two men are set for                                                                                         finest young actresses,”        cent of shareholders who voted
  arraignment in Los Angeles                                                                                      said Charlotte St Martin,       supported the rights issue and
  on April 14.                                                                                                    director of the Broadway        92.9pc approved a related reso-       ■ A display booth shows Argen
                                                                                                                  League, lauding                 lution allowing the bank to           convention in Miami. The world
  Seamus Heaney honoured                                                                                           Richardson’s “own singu-       briefly disapply pre-emption                                       g
  LONDON: Nobel Prize-win-         ▲ Neeson leaves hospital in the back seat of a car with Natasha’s sister, lar talent”.
                                                                                                                                                  rights for some investors.


                                                                                                                                                                                         Gulf slo
  ning Irish poet SEAMUS                                            actress Joely                                     On Broadway, she won
  HEANEY won the David                                                                                                                               “We are still facing unprece-

                                   Jessica Lange hurt in fall
                                                                                                                   a Tony for her perfor-
  Cohen Prize for Literature                                                                              mance as Sally Bowles in a 1998         dented turmoil, with major
  for what the chair of judges                                                                            revival of Cabaret.                     uncertainties ahead. We are
  called “the self-renewing                                                                               ● The first ambulance sent to the       determined HSBC should main-
  force of his writing.’’          NEW YORK: Oscar-winning                 Lange, who was vacation-       ski resort was turned away, a para-     tain its signature financial          BEIRUT: Chadi Thoumas quit his jo
  The biennial prize, funded       actress JESSICA LANGE                ing when she fell on Tuesday, medic said.                                 strength,” chairman Stephen           the UAE when his employer decide
  by the John S Cohen              has been admitted to hospital        “will be completely fine and         Yves Coderre, director of oper-      Green said at a shareholder           slash his salary by more than two th
  Foundation, honours a liv-       after a short fall from her          expects to be released from       ations at the emergency services        meeting ahead of the vote.               A victim of a sharp slowdow
  ing writer from the British      steps at her home near               the hospital imminently,” she                                                Several investors voiced their
  Isles for a lifetime’s
                                                                                                          company that sent the medics to                                               Dubai’s economy, he is now hom
                                   Duluth, Minnesota.                   added.                            the Mont Tremblant resort, said         anger at the bank’s purchase of       Beirut, one of an unknown numbe
  achievement in literature.
  Previous winners of the
                                      The 59-year-old actress              Lange co-stars with            that ski patrollers requested an        US consumer lender Household          Lebanese whose loss of lucrative
  $56,000 (BD21,168) award         bruised her ribs, broke her          DREW BARRYMORE in                 ambulance after Richardson fell.        six years ago, however, which has     employment has cast a shadow
  include fellow Nobel laure-      collarbone and received a            the HBO film Grey Gardens.           The paramedics who responded         caused the bank to lose billions of   Lebanon’s economic outlook.
  ates VS NAIPAUL, HAROLD          small cut on her forehead, her          Lange has been nominated were told they were not needed,               dollars and forced it to turn to         Thoumas, 32, moved to Duba
  PINTER and DORIS                 representative said.                 for six Oscars.                   he said.                                investors for cash, they said. The    2007, when a Lebanese econ
  LESSING.                                                                                                                                        bank is now running down its US       struggling to recover from war
                                                                                                                                                  consumer finance arm.                 Israel was pitched into more uncer

				
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