Boss hits back at buy-out critics

Article Abstract:

Betterware chairman, Andrew Cohen, favors a bid by Fenchurch Place for the company, and argues against critics of the bid, who say that it does not favor minority stockholders. Betterware is involved in JVs with Avon, but no counter offer has come from Avon. Fenchurch Place is a buyout vehicle which is unquoted, and it has made a 117 million pounds sterling cash offer for Betterware. The management will be reatined after the sale, and the Cohen family could make 47 million pounds sterling from the deal.

Direct Marketing Services, Direct Mail Advertising, Direct mail advertising services, Mergers, acquisitions and divestments, Direct marketing, Fenchurch Place

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Betterwear

Article Abstract:

Betterwareis a UK retailer of household products which has issued hree profit warnings. The company sawa drop in UK sales derived from direct selling due to a drop in the number of distributors inaddition to problems at a distribution center affecting delivery of supplies. The company plans aLatin American joint venture involving Avon Products, but profits from this are unlikely tomaterialise rapidly. The company's profit is forecast at 5.9 million pounds sterling for 1995-1996by Albert E Sharp.

All Other Plastics Product Manufacturing, Other Direct Selling Establishments, Single Family Housing Construction, 1-Family Housing, Direct Sales Organizations, Plastic Pails, Baskets, Trash Cans, Management, Residential construction, Plastic containers, Single family housing, Plastic housewares

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An open and shut case

Article Abstract:

German shopping hours are to change with a reform of regulations. Retailers and labor unions oppose the changes and have delayed them. The IFO, a research body, has called for stores to be opened to 10pm during the week and 6pm on Saturdays, and argues that this would create employment. The proposals may be modified due to opposition. Profits may drop in the short term due to increased costs, by chain stores are likely to see a long-term benefit.

Laws, regulations and rules, Germany, Retail industry, Retail trade, Store hours

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