Ben & Jerry's hopes to whip its sales in France into shape

Article Abstract:

Ben & Jerry's Homemade Inc. aims to gain a 45% share in the super-premium ice cream market in France despite a slow start of its three ice-cream shops in Paris, which was opened in June 1998. The US-based ice-cream maker had initially entered the French market in 1996 through supermarket distribution. Ben & Jerry's is targeting sales of 150 million franks annually, a far figure from its sales of 18 million francs in 1997. The main competitor of Ben & Jerry's is Haagen-Dazs Co., which entered the French market earlier and enjoys the substantial resources of its parent company, the foods and drinks group Diageo PLC of Great Britain.

Comment:

Aims to gain a 45% share in the super-premium ice cream market in France despite a slow start of its 3 ice-cream shops in Paris

Ice Cream & Frozen Desserts, Ice Cream and Frozen Dessert Manufacturing, Frozen desserts, Ben & Jerry's Homemade Inc.

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Societe Generale places earthquake swap

Article Abstract:

Societe Generale successfully executed a $25-million swap deal last week with non-US investors to cover US Midwest earthquake risk. A Societe Generale official involved in the deal refused to comment, but it has been reported that the deal will only take effect once earthquake losses amount to $8 billion. Societe Generale will also cover losses for a smaller event in the region once an earthquake occurs. Societe Generale's deal is one of the first ever event-linked deals to cover earthquake risk in the US Midwest, a region referred to by geologists as the New Madrid Seismic Zone.

Comment:

Successfully executes a $25 mil swap deal w/ non-US investors to cover US Midwest earthquake risk

Property & Liability Insurance, Direct Property and Casualty Insurance Carriers, Property and casualty insurance, Societe Generale S.A.

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Seita chairman hints of merger with Tabacalera

Article Abstract:

Seita SA's chief executive Jean-Dominique Comolli said that a merger with Tabacalera SA is a possible option for his company. Mr. Comolli's comments fueled the belief that the tobacco industry in Europe is ready for consolidation. European tobacco firms are not large enough to effectively compete with major tobacco firms in the US and Japan. Traders were caught by suprise by Mr. Comolli's comments.

Comment:

Seita's CEO Jean Dominique Comolli said merger with Tabacalera SA is possible option

Spain, TOBACCO PRODUCTS, Tobacco Manufacturing, Planning, Abstract, Tobacco industry, Societe d'Exploitation Industrielle des Tabacs et des Allumettes, Tabacalera S.A.

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