Word: retailing
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...made lots of mistakes," says Patrick Lemmens, a money manager for ABN Amro Asset Management in Amsterdam, whose fund owns shares in both UFJ and SMFG. But, he adds, the bank possesses valuable assets that both suitors find attractive. It is relatively strong in small business and retail banking, as well as in trust and pension management. These would plug product-line holes in MTFG's case and establish outright dominance in areas in which SMFG is already strong. Moreover, MTFG and SMFG aspire to be global players and so need economies of scale?and after years of industry consolidation...
Ripley, 25, started her retail career as a precocious 6year-old, selling a 50¢ ring at a church fair for $1.50. From there, she peddled bric-a-brac to patient antique salesmen in London and flower arrangements at state fairs in her native Connecticut...
WEARABLE Republica Trading Co. brings out a Che sweater in time for fall--a cashmere-wool blend that will retail for $198 at hip boutiques such as Fred Segal...
...other Parmalat creditors just a few cents on every euro that they put into the company, the holders of bonds of two subsidiaries are being offered the chance to convert 100% of their debt into equity in the new firm. They happen to be largely Italian bank and retail investors. That may end up playing well to a home audience. Bondi's dilemma is that he needs the foreigners on his side...
...offering its trademark mixture of New Age melodies interspersed with sound effects (notably in the Fresh Aire CD series) to stereo and hi-fi dealers as demonstration tracks. Since then, he has set up a specialized distribution network, allowing him to sell at more than 40,000 non music retail outlets, including sporting-goods vendors, supermarkets, greeting-card emporiums and truck stops...