The Dizz Group, operator of clothing franchises such as Terranova, Liu Jo and Calliope, has announced the issue of an €8 million unsecured bond, following approval from the Malta Financial Services Authority.  The bonds carry an interest rate of five per cent and are redeemable in 2026. They will be issued at par with a nominal value of €100 each, with a minimum holding of €3,000.

The bonds are being issued by Dizz Finance plc and will be guaranteed by the Dizz Group of Companies Ltd, the parent company of the Dizz Group.

The Dizz Group was set up by entrepreneur Diane Izzo in 2000 and currently employs 140 full-time staff, operating 19 outlets across Malta.

The group recently acquired the brands Guess, 7 Camicie, Michael Kors and Brooks Brothers, as well as high-end franchises, namely Elisabetta Franchi and Max & Co. and is currently in the process of acquiring representation rights for a number of other high-end brands.

The Dizz Group also operates a beauty product outlet at Tigné Point (The Make Up Store) and four cafeterias through the representation of the Italian franchise Caffé Pascucci. The group is currently in the process of acquiring a commercial property in Gżira with the aim of opening a fifth Caffé Pascucci outlet.

Premier Capital opens 68thMcDonald’s in Romania

Premier Capital has inaugurated the 68th McDonald’s restaurant in Romania – the 33rd in its capital Bucharest.

This is the first new restaurant to open since Premier Capital was granted the developmental licence for the brand in Romania last January.

Premier Capital is responsible for operating 133 restaurants in the six countries where it is developmental licensee, with a team exceeding 7,000 people. It plans to open two more restaurants in Romania and two in Greece before the year’s end.

Optimizer opens head office hub in Malta

Optimizer Invest has moved to new offices in St Julians, Malta, which will also be available to its holding companies from the digital tech sector.

Optimizer Invest is currently running a competition called the Start-up hunt, looking for the next portfolio company to join the group. The winner will get a chance to use the new office space as required.

Read more at accelerate.optimizerinvest.com.

KPMG to promote customer-first focus

Customer Relationship Management is the topic of KPMG Crimsonwing’s upcoming event ‘Customer-first focus in a changing business environment’. The event will use demonstrations powered by Microsoft Dynamics CRM 2016 Online to highlight how to address some of the challenges in winning and retaining customer loyalty.

The KPMG Global CEO Outlook found that over three-quarters of business leaders are concerned with whether their organisation will be able to keep up with technological changes – and on how turbulent times can affect customer loyalty.

The half-day event will be held on Friday September 30 at Corinthia Hotel, St Georges Bay. To register for this complimentary event, send an e-mail to eventsmt@crimsonwing.com.

Air Malta to offer 18 winter routes

Air Malta will fly to 18 destinations this winter schedule, offering over 100 flights a week.

The destinations are Amsterdam, Berlin, Brussels, Catania, Dusseldorf, Frankfurt, London (Gatwick and Heathrow), Manchester, Milan, Moscow, Munich, Palermo, Paris (Charles de Gaulle and Orly), Rome, Vienna and Zurich.

The winter schedule runs up to end of March 2017.

Ursula Silling, Air Malta’s chief commercial officer, said the airline would increase its frequencies to four routes: it will be operating to Catania with up to a twice daily operation. It will be also be increasing flights to Brussels to 11 weekly flights, Munich with nine weekly flights and to Vienna with up to four times weekly. Berlin will see an increase of up to three weekly flights.

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