Monday 19 November 2018

Ergo: Entrepreneurial spirit continues to drive Jordans

Eddie Jordan
Eddie Jordan
Samantha McCaughren

Samantha McCaughren

The apples haven't fallen very far from the tree when it comes to inheriting entrepreneurial genes in the Jordan family.

While Jordan Grand Prix founder and entrepreneur Eddie still enjoys investing and wheeling and dealing, his youngest son Kyle, who turns 29 next month, has founded a new startup, Win A Property. He's hot on the heels of fashion designer sister Zoe and property-investing brother Zak, while sister Miki has an event management company.

Kyle's new firm, which has a partnership with a London property developer, was co-founded with brother-in-law Steve Aspinall, and backed by them both. Every month it will raffle a plush two- or three-bed apartment worth up to £1m - when luxury furnishings and interior design and technology are included. Initially the properties will be in the London suburb of Tooting, but they've also got their eyes on expanding to include apartments in New York or Ibiza as well.

"Lonely Planet named Tooting one of the top 10 coolest neighbourhoods in the world to live in last year. We hope people will take a punt at £10 a ticket for a chance to win such an amazing property in one of the world's greatest cities," he said.

Jordan's diverse career has involved stints in sports sponsorship with Sunderland FC and TV production for NFL and F1. He also previously managed social media for footballer Gareth Bale and boxer Anthony Joshua.

Holohan heads for pastures new as Merrion deal signed

The Merrion/Cantor Fitzgerald merger finally got signed last week, with Merrion boss Pat O'Neill returning to fund management while Ronan Reid will head the enlarged entity. Another departure will be David Holohan, the outspoken chief investment officer at Merrion, who made a name for himself with his frank and often critical takes on some of the biggest names on the Irish Stock Exchange. Holohan worked for a London hedge fund before joining Merrion in 2010. His first report was on CRH and it ruffled some corporate feathers with a stinging assessment of its US strategy. 

Holohan is to join Mediolanum Asset Management Limited, the Irish asset management business of the Italian bank. Holohan has always been willing to share his views of the market with print and broadcast media and his contrarian voice will be missed in this more low-profile role.

Donnybrook Fair owner dismisses Dunnes rumour

Donnybrook Fair owner Joe Doyle has played down speculation that the upmarket food retailer is in talks to sell itself to Dunnes Stores.

The rumour is rampant in the industry at the moment but Doyle but said it had no foundation.

The company is too busy working on plans for the redevelopment of its outlet on Morehampton Road in Donnybrook, he said. Dunnes did not respond to a request for comment.

Dunnes, which was previously in the running for the food and fashion retailer Avoca, has been pursuing a strategy of moving upmarket in recent times. It has acquired Whelan's butchers, which had been in a concession partnership with Avoca, and coffee shop chain Cafe Sol. In clothing it has established a number of high-profile partnerships with designers including Paul Costelloe and Joanne Hynes.

Buying Donnybrook Fair would seem to fit into the current strategy and no doubt an approach must have crossed Margaret Heffernan's mind.

Surely Donnybrook Fair would be the icing on the cake for the upwardly-mobile Dunnes?

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