Damien Wigny voit dans chaque m ga-fusion une opportunit d'acquisition pour KB Lux
Article Abstract:
KB Lux posted a consolidated net profit of BFr 2.46bn in the first six months of 1998, up 13.2% over the same year-earlier period. The Belgian banking group reported a very good turnover during that period in addition to excellent cost control. The company, which sees an acquisition potential every time a huge merger takes place in Europe, is reinforcing its positions with a specific focus on Central Europe which should offer a high potential on a short-term basis. The acquisition of the Czech stock market and investment bank Patria Finance in mid-June 1998 is the first step to further expansion in Central Europe. KB Lux is also interested in Western Europe especially in France (where the group took over the BFSC bank in July 1998), Switzerland and the UK. Though the Belgian bank is concentrating on Europe, Latin America is another target, especially Chile or Argentina where KB Lux might put a foothold through its Spanish activity, Banco Urquijo.
Comment:
Is reinforcing positions with specific focus on Central Europe which should offer high potential on short-term basis
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
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Nouveau revers judiciaire pour les Super GB Partner
Article Abstract:
The GB group, which is the retail leader in Belgium, is again being sued for its strategy of converting its Unic and Nopri franchise stores into Super GB Partner, the group's new retail chain. This new lawsuit results from a complaint filed with the Trade Court by three franchised Nopri stores. The Trade Court broke the franchise contracts of these three members, since it said that GB no longer complied with the terms of the contract. The GB group introduced an appeal and negotiations are underway with these three franchises in order to reach an agreement with both parties. Another problem was put forward in this process, that of territorial exclusivity. In several cases, Unic and Nopri stores are near each other; this would lead creating two stores with the same name under the new retail chain.
Comment:
Is sued for strategy of converting Unic & Nopri franchise stores into Super GB Partner
Publication Name: Echo (Belgium)
Subject: Business, international
ISSN: 0776-409X
Year: 1998
User Contributions:
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