Waitrose has expanded its store portfolio with outlet openings in Jersey and Bahrain during February, with four further Channel Islands stores soon to follow. Meanwhile, the retailer will continue to extend its brand equity in 2011 through the distribution of its own brand products in the US and Canada, as it maintains a two-pronged international development strategy.
HSBC's latest decision to review its Jersey accounts is another step towards greater transparency in the banking sector. However, anonymity and tax efficiency remain the main drivers for HNW individuals offshoring their wealth from the UK.
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