Seen & Heard: Budget giveaway, Aircoach cancellations and Louis Vuitton’s Irish profits
Fshion house Louis Vuitton’s Irish business posted a 21 per cent increase in sales last year to €36.5 million, even as high-end labels have seen revenues slump in other markets, especially China. Photograph: Lam Yik/Bloomberg
However, property website Green Street News reported last week that his bid of €100 million was considered too low by the receivers, who had been appointed by AIB and Bank of Ireland, lenders over the portfolio. The Government is preparing a €13 billion pre-election budget giveaway, which is much larger than the €8.3 billion packet it recently pitched, as it uses manoeuvres to mask the extend size of the plan, according to the Business Post.
The bank is due to outline next month when it plans to resume dividends for the first time since the financial crisis, after regulators lifted a so-called blocker on its paying dividends late last year.
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