In a recent post, Australian business blogger Andre Sammartino reports that South African grocer Pick’n’Pay has sold off its Franklins supermarkets (“Australia’s Original Discount Grocer”) to the biggest Australian grocery wholesaler Metcash. It’s not the first time that Franklins has been sold off after a somewhat unsuccessful takeover. In the late 1970s Franklins was sold to […]
As the Wall Street Journal reports, Dunkin Donuts is returning to Russia. After it has retreated from the market in 1999, the owner of the Dunkin’ Donut brand, Dunkin’ Brands, is planning to open 20 stores in Russia this year. At the time when then owner Allied Domecq decided after only three years in the […]
Chinese carmaker Zhejiang Geely will acquire Swedish Volvo from American Ford Motor. Geely has come a long (and fast) way from its modest beginnings as a motorcycle parts manufacturer to what is now China’s 12th largest automotive manufacturer. Being the 12th may not mean a lot in other markets, but consider two things: First, China […]
Have you ever heard of Li-Ning? You will. Li-Ning is a Chinese sportswear company with about 1 billion US$ in annual revenue and more than 7,000 stores in China. The company was founded in 1990 by Li-Ning, a Chinese gymnast who won three gold medals in the Summer Olympics of 1984. To Li-Ning, starting a […]
It seems that Spyker and GM have finally reached a deal. After initial rumors that the deal is off, Reuters reports of signs that GM has agreed to sell the Saab brand to automaker Spyker of The Netherlands for a total of US$ 400 million.
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 […]
Something may have gotten past me, but does Chrysler really have a lot of wiggle room for experiments on their customers? It’s recent commercial for the Chrysler 300 features former Soviet leader Mikhail Gorbachev, former Polish leader Lech Walensa and is a call for freedom for Burma’s Aung San Suu Kyi. The commercial is an […]
Over the years General Motors (GM) has become China’s second largest automaker, mainly through a 50:50 Joint Venture with Shanghai Automotive Industry Corporation (SAIC). This is an achievement for which GM should command a lot of respect as joint ventures with Chinese partners have been known to be tricky at times. Now GM has just […]
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.
General Motors (GM) has confirmed today that it would sell its Hummer brand to a joint venture between Chinese Sichuan Tengzhong Heavy Industrial Machinery and the Chinese Entrepreneur Suolang Duoji. It is clear why the Chinese would want the brand, but the question remains, does the world want a Chinese Hummer? True, under the current agreement, GM will […]
With the automotive industry in turmoil, it’s natural that the cards are being reshuffled. However, based on the mega-merger of the past decade between Daimler and Chrysler which ended in a mega-break up, what makes Fiat of Italy think that they would be able to integrate better with the American-based culture of Chrysler. They better […]