Only a couple of weeks ago, German supermarket chain Lidl opened its first stores in the United States (in North Carolina). With this, the company that has based its reputation on value and low prices has not only expanded into a new country market, it has also joined the ranks of many other international retailers […]
Although Burger King has had its fair share of failures in international markets, things haven’t been going all that bad for the fast food giant over the last decade. Last month, however, the King was (partially) deposed in Germany. After repeated reports of poor hygiene and sub-standard working conditions, Burger King has terminated the contract […]
Yes, we’ve all heard the story about the Chevrolet Nova (not true as I have reported on this blog earlier), the Mitsubishi Pajero, the Mitsubishi Colt and other car models. However, behind those obvious and funny stories of branding blunders, there’s also some cultural richness and subtlety to explore. Have you ever thought about the […]
You have certainly heard of Adidas, Bayer, Henkel, Linde, or Siemens – all German companies and major players on world markets and a major source of pride for most Germans. Well, think again. It’s been a while since I read this feature about foreign ownership of German companies in a German weekly. For the vast […]
Looks like Deutsche Boerse and the New York Stock Exchange are in their final stages of negotiations over a takeover by the Germans. Price-tag: about 10 billion. Upside: synergies and better competitive position vis-a-vis emerging stock exchanges in other parts of the world. Downside: integration is never easy. Neutral: the home of capitalism is no […]
Wal-Mart has made a multi-billion Dollar offer to acquire South African retailer Massmart Holdings. As someone who’s been following Wal-Mart’s failures around the globe, I can’t help but to think, why? And, more importantly, how? Well, what is the attraction of the African market to a company that employs about 2 million people around the […]
Last year Maerklin, German manufacturer of high quality toy trains slipped into bankruptcy. As the Financial Times Germany reports, former US rival and market leader in the United States, Lionel has shown keen interest in acquiring the ailing German company. While there seemed to be tangible urgency to find a new owner originally, 2009 has […]
German toymaker Steiff, famous for its teddybears and other stuffed animals, announced that it will pull out of the Chinese market soon. Like many other companies, Steiff entered China (in 2004) in an effort to reduce costs and remain competitive with its range of high-quality toys that are often more collectors items rather than toys. […]
Volkswagen just announced that it will acquire a 20 % stake in Suzuki of Japan. The move is expected mainly driven by VW’s intent to increase its presence in the Asian market for small trucks.
German carmaker Daimler announced that it will move part of its C-class production to Alabama. Besides Germany, the C-class has already been produced in two other countries for a while – South Africa and China. The facility in Tuscaloosa, Alabama that so far has specialized in Daimler’s M-, GL- and R-class vehicles. When the production […]
As the New York Times reports, US-based cable TV operator Liberty Global takes over Germany’s Unity Media for $3.7 bn. A case to watch.
Hold the horses! Stop the presses! Forget all about my previous comments about the GM-Opel-Magna-Sbersk deal because the deal is off. GM announced that it withdraws its prior agreement under which the Austro-Canadian conglomerate Magna would have purchased Opel from it. Even insiders are still wild guessing about the true motivation for hitting the brakes. […]