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The City View: August CEO Mélie Dunod on rethinking holiday home co-ownership

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Today Andy Silvester talks to Mélie Dunod, CEO and co-founder of holiday home co-ownership firm August. She talks us through the company’s inception; why their equity purchase model allows for better and more transparent co-ownership; and the post-Covid re-examination of lifestyle purchases.

And in the news: law giant Eversheds Sutherland has re-entered Russia, striking a deal with a new Russian firm; the cost of living crisis is increasing the chances of borrowers defaulting on their debts; and WHSmith has returned to profit.

Andy Silvester 0:08 Good afternoon and welcome to the City View podcast me Andy Sylvester editor here at City am is but 24 hours or so until the city M awards take centre stage at the Guildhall tomorrow night’s gala dinner celebrating the very brightest and best of the square mile all the coverage and winners in Friday’s city am newspaper. In a few minutes I’ll be joined by Mélie Dunod the co-founder of August’s a holiday home company with a difference is looking to revolutionise the slightly tried and tested and dare I say it slightly tired timeshare for a more discerning modern audience. Firstly, the corporate headlines and law giant Eversheds Sutherland is entered into an exclusive relationship with a newly formed Russian law firm, consisting entirely of its former employees just weeks after vowing to cut links with Russia in response to the country’s invasion of Ukraine. The London law firm said all of its Russian lawyers are transferred to this newly launched relationship firm birch legal, which will continue to service eversheds international clients, but its legal intern boasts to its customers that only the company’s name has changed. The launch comes after eversheds last month voted to exit the Russian market and sever its ties to the country just weeks after Russia invaded Ukraine on the 24th of February. At the time, eversheds said it would no longer have a presence in Russia, as it took a firm moral stance against Vladimir Putin’s decision to send troops into the Ukraine. On its website, Berkeley also is set to act as eversheds as exclusive partner in the Russian market, as the firm boasts that it will keep all of its connections with foreign colleagues on all current as well as new projects. A foreign office spokesperson said that while it was commercial matter for the firm, Russia’s attack on Ukraine must be a wake up call for British businesses with commercial interests in Russia. Meanwhile, the cost of living shocks that is rippling throughout household finances increasing the chances of borrowers defaulting on their debts, Britain’s biggest mortgage lender warned today, worsening economic conditions triggered by inflation scaling to a 30 year high is likely to lead to greater financial distress amongst Brits Lloyds Bank said today. The bleak assessment touches on a similar conclusion announced yesterday by the UK is the largest lender overall HSB See, stationary giant meanwhile, WH Smith is returned to profit and said it was set to reap the benefits of opening a number of new stores in airports........

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