I’ve never dedicated a post to India exclusively, have I? Time to change this - today!
In fact, one of the most exciting pieces of news that I came across in recent weeks has been the story about how the Indian government announced that it is preparing to launch a USD20 billion road construction programme this [...]
Posts under ‘Market consolidation’
Infrastructure boost in India
Update – Arcandor files for insolvency as owners don’t shed tears
Following yesterday’s refusal by the German government to grant either a EUR437 million rescue loan or at least loan guarantees over EUR650 million to retail group Arcandor (see details here), and following renewed confirmation from the group’s shareholders, creditors and landlords that they would not step up their efforts to rescue the business, Arcandor has [...]
No loan guarantees for Arcandor (and Karstadt)
Quite predictably, the German government has this morning refused to support ailing retail and tourism group Arcandor with loan guarantees, saying it was the responsibility of the group’s shareholders, creditors, landlords and suppliers to demonstrate more determination to rescue the business which owns the Karstadt department store group, a number of mail order businesses and a [...]
Car sales stats from America – and a hammering success from Germany
As mentioned previously, the car industry has been among the sectors suffering most from the current recession, not least in the US and the European Union. That’s partly the result of low consumer conficence, but it’s also a direct consequence of the credit crunch. After all, many people can’t afford a new vehicle unless they [...]
Gloom sucks; natural selection; and 99 Woolworths years in pictures
Yesterday, the BBC put a slideshow online that gives a short summary of the 99 years of Woolworths in the UK. Click here for the full show!
(Woolworths will end 99 years of high street trading by 5 January, when it completes the closure of 807 stores, laying off 27,000 permanent and temporary staff. More than [...]
