Word: heineken
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...closure. Analysts see the next decade being dominated by even more mergers, closures and acquisitions. Credit Suisse First Boston analyst Ian Shackleton sees 70% of Germany's beer flow ending up in the hands of just a few global players by 2010. He points out that thirsty outsiders like Heineken in the Netherlands and Interbrew in Belgium have already taken over 18% of Germany's production since 2000; big brewers like them have the resources to suck up the rest as well...
...That has become a familiar problem. Iñaki Añua, director of the Vitoria Jazz Festival in Spain's Basque Country (July 15-18), lost his sponsorship with Heineken after five years, and says he has to scramble to see what he can arrange for next. "I've heard the same thing from other festivals," he says. "We get a million people coming here for jazz, but the sponsors seem to be moving more and more to sports events." Whatever the logic of the sponsors, jazz remains a tiny but relatively healthy segment of a music industry...
...look for industrial cyclicals with relatively little foreign exposure, like Alcoa (12% foreign earnings) and Weyerhauser (16%). In Europe focus on multinational consumer-goods firms--Glaxo, Heineken, Novartis, Unilever--because they get a lot of revenue from their U.S. operations and would not suffer much from a currency reversal, says Ian Harnett, chief European-market strategist for UBS Warburg. Firms that rely heavily on sales in Europe will remain weak with the Continental economy. "European companies have not managed to restructure and shed costs as rapidly as those in the U.S.," Harnett notes...
...Consider Liliane Bettencourt, 80, who manages her family's $11 billion stake in L'Oreal cosmetics--founded by her father in 1907--through a holding company. She and her daughter Francoise, 49, sit on the L'Oreal board, but no other family member works at the firm. When Freddie Heineken died last year, control of his brewing colossus passed to his daughter and sole heir, Charlene de Carvalho Heineken, 48. She lives in London with her banker husband and their five young children, and she has no involvement with day-to-day operations. Karl and Theo Albrecht, the secretive German...
...Poon ’04. “Back at high school in Hong Kong I used to go to the pub with my teachers all the time.” Yet in spite of almost all being of age, only Palmer-Amaning helped himself to a Heineken care of FM’s expense account. Five of the others, ordering over the fortuitous din of Kim Wilder’s Kids in America, went for a rather different beverage. “Diet Coke, please...