Endesa chief gets charge out of revamp
Article Abstract:
Endesa SA CEO Rafael Miranda is implementing a 370-billion-pesetas reorganization program for the company in the coming years to realize strong profit growth in the largest electric utility in Spain, notwithstanding the financial crisis in Latin America and the declining electricity rates in Spain. The reorganization would involve the reduction of the company's units from 300 to 100 to allow the streamlining of its management. Endesa, which expects to see a 17% increase in net profit in 1999, will cut operating and financial expenses by 35% or 120 billion pesetas from 1998 to 2002.
Comment:
Is implementing 370-billion-pesetas reorganization program to realize strong profit growth
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Spain's Zara cuts a dash by creating 'fashion on demand.'
Article Abstract:
Grupo Zara SA, the largest ready-to-wear clothes manufacturer and distributor based in Spain, has become one of the most successful retailers in Europe with its attitude of creating fashion on demand. Zara now offers up-to-date fashion at reasonable prices mainly fueled by its low-cost production and twice-a-week deliveries. Fashion available at low-cost is fast becoming the trend in Europe as companies such as Benetton, Hennes & Mauritz and Zara compete over local markets with that strategy. At present, the company employs 10,890 people and operates 623 stores in 14 nations.
Comment:
Has become one of most successful retailers in Europe with its attitude of creating fashion on demand
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
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Repsol to sell units to get nod for YPF takeover
Article Abstract:
Repsol SA announced that it is planning to sell a refinery and up to 800 Argentinian gas stations. The selling off of facilities is an attempt by Repsol to win regulatory approval in Argentina for its proposed acquisition of YPF SA. Alfonso Cortina, the chairman of Repsol, told the government of Argentina that the company is planning to merge the entirety of its assets in Latin America into YPF providing it acquires the oil and gas company.
Comment:
Repsol to sell refinery and 800 Argentinian gas stations to win approval for takeover of YPF
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
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