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Tag: Daniel Kretinsky

  • Daniel Kretinsky achieved a 3.05% stake in J. Sainsbury

    Daniel Kretinsky achieved a 3.05% stake in J. Sainsbury

    Czech billionaire Daniel Kretinsky is the fourth largest Sainsbury shareholder, expanding a portfolio of retail investments, says Reuters.

    The stake is held by Kretinsky’s VESA Equity Investment.

    VESA’s portfolio also includes stakes in U.S. retailer Foot Locker. It took a 5% stake in department store chain Macy’s in May but reduced it shortly after and now holds 0.67%.

    Also, VESA raised its stake in French retailer Casino CASP.PA in March to 6.88% and is the biggest shareholder in Britain’s Royal Mail, with a 13.1% share.

  • Czech billionaire Daniel Kretinsky has taken a 5% stake in Macy’s

    Czech billionaire Daniel Kretinsky has taken a 5% stake in Macy’s

    Czech billionaire Daniel Kretinsky has taken a 5% stake in Macy’s and plans to engage management on ways to improve performance of the struggling U.S. retailer, shows Daily Beat NY.

    Kretinsky, an energy and media magnate, also purchased a 5.35% interest in the U.K.’s postal service, the Royal Mail.

    Daniel Kretinsky calls the participation a “strategic investment”: he also wants to reform the struggling company and aims to have constructive discussions with management and the board of directors, Retail Detail shows.

    Macy’s share price plummeted once again, having lost almost 70 % of its valuation this year.

    Daniel Kretinsky is CEO and 94% owner of Energetický a průmyslový holding (EPH), the largest energy group in Central Europe and co-owner and president of football club Sparta Prague.