Bull tackles the Yanks
Article Abstract:
Honeywell Bull is the name of a joint venture between Honeywell Inc, the French Groupe Bull, and the Japanese NEC Corp. Honeywell and Bull each own 42.5% of the enterprise; NEC owns 15%. Honeywell's stake will drop to 19.9% and Bull's will rise to to 65.1% by the end of 1988. Bull was a former junior partner of Honeywell; when the French government nationalized Bull in 1982, Honeywell was glad to get rid of its shares. Bull then turned around, from a $458 million loss in 1984 to a $45.2 million profit in 1984 under the leadership of Jacques Stern, now chairman. Stern hopes to improve Honeywell's and Bull's bad image. He believes that the Honeywell-Bull-NEC alliance combines their unique capabilities to forge what may be one of the six remaining vendors of computer equipment by the 1990's.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1987
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The hungry Frenchman's recipe for Europe
Article Abstract:
Groupe BSN SA chmn Antoine Riboud is working to transform his $7 billion, basically French firm into a European corporate power by the early 1990s. Riboud's efforts are expected to be facilitated by the elimination of trade impediments within the European Community by the end of 1992 and the worldwide restructuring of the food industry. BSN has succeeded in consolidating its own capital to protect against possible takeover bids. Sound management practices are said to be the reason that BSN has risen to the highest ranks of food firms in a short time span. Riboud has also resisted imposing a centralized management structure on the company. Heads of lines of business within the firm operate their own divisions and report to Riboud or his assistants.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1988
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Renaissance man
Article Abstract:
Telemundi Group founder and chairman Wolfgang Stein has arranged the first world's fair to be completely financed by corporate sponsorship. Stein predicts that more than $500 million in licensing and sponsorship revenues will be raised for Expo '92 to be held in Seville, Spain. Firms, such as IBM, Xerox, and Fuji, are interested in associating with the Expo because of its association with the 1992 launch date and the pending unification of Europe. Stein believes that European Community (EC) leaders would be wise to hasten the possess of unification and to expand it to include politics and defense. Stein also feels that European unification will enable Europe to capitalize on its diversity.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1989
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