Word: grundig
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Dates: during 1960-1969
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Though French courts must finally decide the Consten-Grundig case, they are expected to go along with the EEC precedent, which may affect more than 30,000 exclusive-dealership arrangements...
...pursue their goal of free trade, businessmen of the six member nations have continued an older tradition: that of boundary-crossing deals through which manufacturers, in order to sandbag their competition, award exclusive sales rights to retail distributors. Now, in a long-awaited decision involving one such arrangement between Grundig, a West German electronics giant, and Consten, a French retail distributor, the Common Market has moved to topple the restraint-of-trade tradition...
Under a 1957 agreement, Grundig gave Consten exclusive rights to sell its TV sets, tape recorders and other products in France in return for Consten's promise not to handle competing brands. Grundig thus sewed up a $14 million share of the French consumer electronics market. Free from competition, Consten could sell Grundig products at markups as high as 50%-double what German retailers were getting. So sweet was the deal that in 1961, when another French firm started underselling Consten with Grundig wares bought from German wholesalers, outraged Consten officials charged it with unfair practices in a French...
...Witco Chemical was blacklisted after it bought a chemical firm that had an executive who owned a piece of an Israeli oil company. The Arabs offer reinstatement to firms that stop their dealings with Israel, but the Israelis have their own ways of exerting pressure. West Germany's Grundig Radio last month announced plans to pull its operations out of Israel, quickly reneged when Israel said that it would cancel all Grundig import licenses in reprisal...
...Weigt has bestowed membership on a sprinkling of industrial and show business high society, claims as his most illustrious guest aging Hjalmar Schacht, Hitler's economic wizard. Gina Lollobrigida has membership card 101. Other card carriers include German Stars Curt Jurgens and Winnie Markus, Tape-Recorder Tycoon Max Grundig, onetime Boxing Champ Max Schmeling, Film Producer Ilse Kugaschweski, and one registered aristocrat: Friedrich Carl Prince Fugger von Babenhausen...