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Beatrice last week received word of a different kind of proposal that the firm may wish to ponder. It came from Warren Avis, founder of the Avis car-rental company. The entrepreneur, who sold Avis in 1954, said he wants to buy it back from Beatrice, which has owned the...

Author: /time Magazine | Title: The Popular Game Of Going Private | 4/18/2005 | See Source »

Say rental car, and most people picture the airport. But that's only about half the $17 billion industry--and not the half that's booming. Airport sales are increasing minimally, if at all, while business at local rental shops, which serve folks looking to replace a car in the...

Author: /time Magazine | Title: Services: The Car Wars Get Local | 12/17/2004 | See Source »

Competitors have tried--and failed--to break Enterprise's lock on nonairport business before. Hertz and Avis as well as Alamo retreated from expansion efforts after underestimating how difficult the local market is. While airport locations simply collect deplaning customers, local shops have to make tough decisions about where to...

Author: /time Magazine | Title: Services: The Car Wars Get Local | 12/17/2004 | See Source »

Even after the Orbitz purchase, Cendant is largely a bricks-and-mortar company. The $18 billion behemoth owns Avis and Budget in addition to its real estate and hotel brands, markets time-share properties and organizes information for travel agents, and has a corporate-relocation operation. Prior to the Orbitz...

Author: /time Magazine | Title: Online Travel: The Race Is On! | 10/25/2004 | See Source »

KEN HANNA Candy Cruncher Change and challenge are getting familiar to Hanna, 50. He engineered the late-1990s breakup of the British food conglomerate Dalgety after earlier stints in finance at Avis Europe and Guinness. Now Hanna is leaving a London private-equity firm to become CFO of Cadbury Schweppes...

Author: /time Magazine | Title: People to Watch in International Business | 2/23/2004 | See Source »

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