El Corte Ingles favourite for Galerias Preciados
Article Abstract:
Retailer El Corte Ingles of Spain has made a $317.5 million acquisition bid for retail chain Galerias Preciados of Spain in competition with a bid by Spanish businessman Jose Luis Dominguez and British entrepreneur Alan Sugar. Union Bank of Switzerland, advisor to the government for the sale, is surprised by El Corte's bid which is twice as high as any other offers. Galerias Preciados had financial losses of 12.6 billion pesetas in 1994 due to a lack of corporate strategy. The Spanish government is believed to have offered a 20 billion pesetas soft loan to make the takeover more appealing.
Publication Name: Mergers & Acquisitions International
Subject: Business, international
ISSN: 1066-3525
Year: 1995
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Pills and pens: Boots and W.H. Smith
Article Abstract:
Boots the Chemist and W.H. Smith are both being squeezed by competition that is becoming increasingly specialized and diversified. Supermarkets have expanded into toiletries, newspapers, magazines, and books. Bookstores, stationery stores, and other specialty stores are also gaining market share.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1997
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No mud on their boots: Iowa
Article Abstract:
Des Moines, IA, has a healthy economy because the area has diversified and now has a large service sector in addition to agricultural interests. Government agencies, financial services and the insurance industry account for most of the city's jobs.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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