Word: bsn
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...pasta sauces, candies, Italian cheese, cookies, dairy products and water. Riboud, who took over the business from his famous industrialist father Antoine that year (the family controls less than 0.5% of the shares), decided in 1997 to refocus the company, which began its conglomerate life as a glassmaker called BSN in 1966. "We used to say that the mission of the company was to bring health through food to the maximum number of people," he explains. Thanks to Numico's baby-food and clinical-nutrition divisions, "now we can add to that mission 'from the beginning of your life...
...half of all bottled-water sales in France. Perrier also owns Poland Spring, Great Bear and Arrowhead in the U.S. The panel will also look into a possible duopoly created by Nestle's sale of Volvic, one of Perrier's still-water brands, to France's leading food group, BSN. Should it uncover violations, Brussels will probably seek redress by forcing Nestle to sell off some assets rather than annulling the deal, a punishment the E.C. has carried out only once before...
...such driven leader is Michael Blumenfeld, 37, president of BSN Corp. (1983 sales: $20 million), a Dallas mailorder sporting goods house. Seventeen years ago, Blumenfeld was laid off from his job as an industrial-guard supervisor. Noticing that tennis nets on public courts were often in tatters, the fledgling entrepreneur loaded 100 new nets into his Volkswagen van and set out on his first sales trip, returning a few weeks later with a $4,000 profit. Today, BSN markets more than 2,000 items, including golf clubs and tennis wear, and its payroll has blossomed from 21 workers...
...habit of dabbling in gold, the French have been buying such hot securities as Engins Matra, whose products range from sports cars to armaments, up a sizzling 605% since 1977; pop radio station Europe No. 1, up 72%; chemical giant Rhóne-Poulenc, up 149%; and food producer BSN-Gervais Danone...
...France, BSN, a giant glass company, has a committee of 30 workers (representing 14,000) who meet once a month with management to discuss a broad range of subjects: more flexible working hours, altering certain retirement plans. At the Renault auto company, Mitbestimmung translates as "job enrichment": Renault workers select components and assemble them at their own pace, cutting one to two hours off the previous assembly time...