Part of the deal when Eastern Market Corp. was formed was that the Kellogg Foundation and the Kresge Foundation said they would give us some money to run it as long as this was a nonprofit, but not a penny before it was set up as a nonprofit.
The involvement of E Oppenheimer & Son with Stockdale Capital also introduces deep South African history in that Stockdale Street in Kimberley was originally the headquarters of BarneyBarnato’s Kimberley Central Diamond Mining Com-pany and one of the elements used by Sir Ernest Oppenheimer to mould De Beers into the world diamond leader it became, underpinned by the Anglo American mining giant that he also founded in 1917.
Up next is a vendor selling all organic fruit. The cool thing about Eastern Market is it is big enough for one peddler to sell a $2 dollar organic tomato and another to sell a box of tomatoes for $2.
A price of $5.1 billion “is probably a bit on the cheap side, but for the Oppenheimers there was only one buyer”, said RBC Capital analyst Des Kilalea, who put it 25% lower than RBC’s valuation. “It was a clumsy structure that this cleans up.”
Ten years ago, De Beers Diamond Jewellers was established as an independently managed and operated company by LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods company, and De Beers SA, and currently has a retail network.
But on the other hand, we had a lady that wanted to bring in press pots of coffee and serve it out of Styrofoam cups. You know, the ones where you push the top of the urn and coffee comes out of the spigot. Instead we waited to find something truly unique.