Word: crisises
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Unfamiliarity with Chinese cuisine will be the biggest challenge for P.F. Chang's, the largest Chinese restaurant chain in the U.S., as it heads south of the border. Up until the financial crisis, the $1.2 billion company had a fantastically successful run at convincing Americans to pay upmarket prices for...
But even that wasn't enough. Next month, the Irish government is set to formalize a highly controversial bailout plan in which a National Asset Management Agency (NAMA) would be created to remove the unpaid, property-linked debts from the banks' balance sheets. If approved by Parliament, which appears increasingly...
One of Alessandro's priorities has been to push Benetton more deeply into international markets with the help of strong local partnerships. In India he signed a deal with the Tata group, the country's largest conglomerate, which will open and manage Sisley stores; in the first half of this...
International expansion is continuing despite the financial crisis, which has ravaged Benetton's bottom line. Profit in the first half of this year plunged 60% to $42 million from $115 million in the comparable period of 2008; sales in the same period were down 11% to just under $1.3 billion...
Seeds of Disaster The world's farmers haven't felt such love since the 1970s. Then, as food prices spiked, there was real concern that the world was facing a Malthusian crisis in which the planet was simply unable to produce enough grain and meat for an expanding population. Governments...