Word: shakeout
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Though some local and boutique brewers may continue to do well, the shakeout among larger beer companies will inevitably mean fewer and fewer choices for consumers. That is something that no beer lover can welcome. These days, when the bartender asks, "What'll you have?" the options seldom if ever seem to include such familiar names as Rheingold, Knickerbocker, Hamm's and Falstaff. Thus as the industry grows more and more concentrated, with fewer companies ruling more of the market, bits of Americana itself will continue to disappear. -By Alexander L. Taylor III. Reported by Stephen Koepp/New York...
...just a few million dollars in venture-capital funds and a handful of researchers. They are now finding that promised commercial developments are hard to achieve, and are running short of money. Says Industry Analyst David Paisley, a Merrill Lynch vice president: "What you are seeing now is a shakeout that will lead to the survival of the fittest...
...textile men believe that the great denim shakeout has now "bottomed out" and that better days are ahead. But the market is no longer growing by 17% to 18% a year, as it was in the mid-1970s, and has slowed to a 2% to 3% pace. Levi Strauss, the biggest U.S. blue jeans maker, showed a sales drop in its Jeans-wear Division in the second quarter, to $138 million from $173 million last year...
Medicare standards could be tightened to require more trained help and force other chains to follow the lead of Beverly Enterprises, whose President Christensen announced last week that he will open schools to train nursing-home personnel. Such efforts would increase costs, of course, perhaps enough to hasten the shakeout period that in any new business follows the opening era of heady growth. That would be all to the good. Investors as well as prospective patients need to know which of the chains, behind their sparkling fronts, have developed an ability to earn a profit while meeting exacting standards. Meanwhile...
...response to recent riots and dem onstrations in Cairo, President Gamal Abdel Nasser promised to reform and improve his government. Last week he began the process. In the most thor ough Cabinet shakeout since he rose to power 16 years ago, Nasser sacked twelve of his 29 ministers, including two men who symbolized the pro-West and pro-Communist factions within his regime. He was apparently willing to part with such trusted associates in or der to give his Cabinet a fresh and more nonpolitical appearance...