Hastings has been on the up for some years now, its hilly Old Town, bucolic cliff-top parks and pedestrianised George Street attracting both creativity and London wealth. St Leonards' rise has been slower: a grandiose, purpose-built resort founded by 18th-century architect James Burton, who had developed large areas of Bloomsbury and Regent's Park, it attracted artists and writers including Turner and Rossetti, as well as the super-rich, in its heyday, but declined sharply in the 1980s and 1990s, and has begun to recover only in the past couple of years.
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His eyes crinkle up as he suddenly smiles. "It's called The Merchant of Venice."A milkman's cans hung on a bicycle, a monumental black bulb-that's the face of contemporary Indian sculpture. It's no longer heads or figures on a pedestal that can fit snugly in your living room corner.
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Goenka had earlier tried to bring in PE investors into Spencers but the deals fell through due to differences over valuation.
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Two years from now, Goenka also plans to take his retail venture, Spencers Retail, public though an initial public offer (IPO), after separating it from CESC.
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There was some surprised comment in other French media at President Sarkozy's decision to skip the birth on Wednesday night in favour of eurozone crisis talks in Germany. Euro crisis talks are daily events after all. The birth of a daughter is special.
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