Paris aghast at mere hint of US stake in the tower

Article Abstract:

Parisians have reacted negatively to reports of GMAC's acquisition of the operating rights for the Eiffel Tower. GMAC Commercial Mortgage, the financial unit of General Motors Corp., has expressed interest in obtaining a 70% interest in the state-owned Credit Foncier de France, which owns half of a management company that has a 70% interest in the Eiffel Tower's operating company. The Texas Bass Brothers are also interested in acquiring the 984-foot-high tower's operating rights, which has been identified as the inalienable property of the City of Paris by many outraged French citizens, while GE Capital decided against a bid.

Comment:

Seeks to acquire 70% interest in Credit Foncier de France, owner of operating rights for the Eiffel Tower in Paris, France

Foreign operations, Crude Petroleum and Natural Gas Extraction, All Other Nondepository Credit Intermediation, Crude Petroleum & Natural Gas, Mortgage Bankers & Brokers, Mortgage and Nonmortgage Loan Brokers, Financial Institutions NEC, Petroleum industry, Natural gas, Petroleum, Gas industry, Financial institutions, General Electric Capital Corp., Bass Brothers Enterprises Inc., GMAC Commercial Mortgage Corp., Credit Foncier de France S.A.

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A sputter in the Coke machine; when its customers fell ill, a master marketer faltered

Article Abstract:

First reports of illnesses among Belgium school children attributed to Coke products occured on June 8. Ten days later, M. Douglas Ivester arrived in Belgium. Meanwhile, a hundred cases of illness were reported. And the governments of Belgium, Netherlands, Luxembourg, Germany and France all cleared store shelves of Coke from the Dunkirk factory. Europe accounts for 26 percent of Coke's worldwide revenues. Observers fault the company for being slow to react, attempting to minimize the contamination problem, and not sharing information with government agencies.

Product standards, safety, & recalls, Canned & Bottled Soft Drinks, Soft Drink Manufacturing, Corporate Images, Product defects and recalls, Soft drinks, Coca-Cola Co. (Atlanta, Georgia), Belgium, Soft drink industry, Public relations, Product recalls

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The courtship of black consumers: Corporate America absorbs a growing number of minority-owned businesses

Article Abstract:

L'Oreal's acquisition of Chicago-based Soft Sheen Products, Inc., last month reflects a trend in recognizing the importance of the ethnic population as a market to target for consumer products. Soft Sheen Products had $80 million in sales last year, one of the largest ethnic hair products firms in the country. The French based and largest cosmetics company in the world saw the acquisition as a chance to get immediate access to a demographic group it was lacking.

Comment:

World's largest cosmetic co. to buy Chicago-based ethnic hair products company

Toiletries, Toilet Preparation Manufacturing, Hair Preparations, Hair care preparations, L'Oreal Paris, Soft Sheen Products Inc.

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