Thoroughly modern millionaire

Article Abstract:

Lakshmi Mittal has transformed the Ispat International steel company from being an Indian family firm into being the first global steel producer. Mittal has bought up loss-making steel producers in countries including Germany, Ireland and Mexico, but the deal which really put the company into the global league was the purchase of long-established American steel producer Inland Steel Co. Mittal describes himself as a driven man. He may be working on up to three acquisitions at one time. He has lived outside India since 1978 but retains Indian citizenship and uses Indian business practices.

Iron and Steel Mills, Blast furnaces and steel mills, Steel Mill Products, Steel industry, Steel products, Mittal Steel Company N.V., Mittal, Lakshmi

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Tour de force

Article Abstract:

Holiday resort group Club Mediterranee appointed well-known troubleshooter Philippe Bourguignon as its Chief Executive in 1997. The company's problems included losses of FFr1.3 billion in 1996, but profits for the first half of 1998 were FFr132 million. Bourguignon is keen to make Club Med into a power brand alongside well-known names like Nike and Disney. His plans for modernisation of the brand include a speedy resort renovation programme, increased advertising expenditure, and attention to the computer system.

Travel Agents, Travel Agencies, Travel industry, Club Mediterranee S.A., Bourguignon, Philippe

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Back in full bloom

Article Abstract:

Internationalization is extremely important, according to Rhone-Poulenc Chmn and CEO Jean-Rene Fourtou. He has invested extensively to establish a strong presence in Asia and the US, and the company's turnover in the US has now exceeded $4 billion. He has also sold around 100 companies in chemicals and textiles, which have traditionally formed the core of Rhone-Poulenc. The company is now the seventh-largest pharmaceutical and chemical concern in the world.

Drugs & Pharmaceuticals, Pharmaceutical and Medicine Manufacturing, Chemicals & Allied Products, Chemical Manufacturing, Drugs, CHEMICALS AND ALLIED PRODUCTS, Officials and employees, Pharmaceutical industry, Chemicals, Interview, Chemical industry, Rhone-Poulenc S.A., Fourtou, Jean-Rene

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