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Corn-Fed crocodiles make better handbags

  Bloomberg Padenga Holdings Ltd., the world’s largest supplier of Nile crocodile skins for luxury handbags and shoes, is seeking to boost profitability by feeding the aquatic reptiles a corn-rich diet and allowing them more space to grow. The company’s biggest market for hides is Italy, the home of luxury goods makers including Prada Spa, which sells a crocodile and ...

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Nordic Aviation Capital to buy Aldus Aviation

  COPENHAGEN / REUTERS Nordic Aviation Capital (NAC) announced last week that it had agreed to buy Irish leasing company Aldus Aviation, which manages a fleet of 30 jets. However, no financial details were disclosed by the company. Denmark-based NAC, the world’s largest turboprop lessor recently announced its expansion into regional jet leasing with the purchase of Jetscape, another jet ...

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Alipay to start China IPO process as soon as 2016

  Bloomberg Alibaba Group Holding Ltd.’s finance affiliate is planning an Initial Public Offering (IPO) on Shanghai’s main board in what could be China’s highest IPO valuation since 2010, according to two people familiar with the matter. Zhejiang Ant Small & Micro Financial Services Group Co. has been profitable for three years, enabling it to meet the listing requirements, and ...

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