General News
Meropi Kyriacou Honored as TNH Educator of the Year
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
Greek-American Michael Psaros, co-Founder and Managing Partner of the private equity firm KPS Capital Partners has a lot to be happy about these days. Back in 2009, KPS announced that it would purchase the luxury home-goods maker Waterford Wedgwood – a poorly-performing company at the time. As Fortune magazine describes it, the deal didn’t make much sense back then.
Waterford was losing about $100 million per year, but as Psaros told Fortune, “we’ve been doing professional turnarounds for 25 years.” The parent company KPS created, WWRD holdings, will be sold to Fiskars, a Finnish consumer products company for $437 million – which translates to a 400% return on investment for KPS.
How did they know? “What we knew was that [Waterford Wedgewood] had four legendary and iconic brands, including selling product in 80 countries,” Psaros told Fortune. “Waterford is a household name in the U.S. but, globally, Wedgwood is magic. If we could figure out how to design and make the products profitably, then we could really do something.”
“It has been the most dramatic turnaround of our careers,” Psaros told Fortune. “To us this wasn’t just a deal or investment… it was something we lived for six years, and now believe it’s going to a very good home.”
NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.
DEIR AL-BALAH, Gaza (AP) — An international team of doctors visiting a hospital in central Gaza was prepared for the worst.
ATHENS - The tragedy of the Tempi train collision is a much greater issue than an opportunity for parties to table a motion of censure against the government, but the opposition parties used it anyway "to turn society's pain into a tool to strike at the government and me personally," Prime Minister Kyriakos Mitsotakis said on Thursday night in parliament.
ATHENS - PASOK-KINAL leader Nikos Androulakis, speaking at the Hellenic Parliament on Thursday, emphasized that there is "an established belief among the Greek people" that the government "operates as a well-oiled machine of corruption, cover-up, and propaganda.
ATHENS — Greece’s center-right government survived a motion of no-confidence late Thursday that was brought by opposition parties over its handling of the country’s deadliest rail disaster a year ago.
NASHVILLE, ΤΝ – With a special event organized by the Hellenic Institute of Cultural Diplomacy - U.