Word: schick
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Died. René Schick, 56, president of Nicaragua since 1963, a mild-mannered Managua professor and civil servant who was the hand-picked candidate of the country's all-powerful Somoza family, yet proved less of a do-nothing puppet than expected, largely running his own show and permitting the opposition to raise its voice, while working successfully to industrialize through foreign investment his land's cotton-coffee-cattle economy; of a heart attack; in Managua...
...NICARAGUA. In office since 1963, President René Schick, 56, works in the shadow of the Somoza brothers, Tachito and Luis, who control the country's military and much of its wealth. Schick and the Somozas are development-minded, however, and since 1961 their small (pop. 1,600,000) country's G.N.P. has increased by a phenomenal 40%, highest sustained growth in Central America. From the Alliance for Progress has come $30 million for such projects as construction of 350 miles of roads to stimulate dairy and beef production, reduce dependence on cotton. Foreign investors have teamed with...
...Gillette's current TV commercials, a man's hand appears, sets down a dispenser of Gillette razor blades and-of all things-three clearly labeled dispensers of rival Wilkinson, Schick and Personna blades. The hand naturally picks up the package of Gillette after brushing the others aside, but the very appearance of rivals is a departure from tradition. Such direct identification of competition has long been a rarity, and advertisers have gone to almost any length to avoid it. Now a steadily growing number are coming right out and naming names, thus bringing on bad times for Brand...
What Wilkinson feared most has happened. Its success first lured such U.S. blademakers as Schick (Krona Plus) and American Safety Razor (Personna and PAL) into the stainless field. Then came Gillette, with its great bulk, big name and huge marketing facilities. By now reluctantly committed to a fight it did not want, Wilkinson set up additional manufacturing operations in Britain, Germany, Canada and the U.S. Needing new capital to pay for this expansion, it brushed aside more than 1,000 offers from outside firms to merge or associate with it in favor of putting its stock up for sale. Although...
...irregular in quality. A sudden and tremendous demand began a year ago, after Britain's Wilkinson Sword Ltd. brought out a blade coated with silicon plastic to make it smooth as well as sharp.* Wilkinson's steel comes from Uddeholm, which also supplies American Safety Razor and Schick. Under its research-minded president, Wilhelm Ekman, 51, Uddeholm has quadrupled its stainless blade output since 1961, now produces 80% to 90% of Sweden's stainless blade steel, and has annual sales of $109 million...