Word: brandsness
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A Laboratory for Asian Innovation "Asia's Great Science Experiment" [Oct. 30] reported that Asian countries, especially Japan, are newly enamored with the wonders of science. Scientific innovations have great ability to untangle the painful complexities of human life. But it seems that's not researchers' primary aim. Instead of...
New Delhi also helped clear the way for the recent buying spree. Last year, the government doubled the cap on how much Indian companies can annually invest abroad to 200% of a company's net worth. Thanks to the boom at home?India's GDP growth has averaged 8% a...
INDIAN BUYER: TATA TEA Part of the giant Tata conglomerate; owns Tetley Tea COMPANY ACQUIRED: ENERGY BRANDS (U.S.) Maker of Glaceau bottled water and vitamin drinks PRICE: $677 million (30% stake) DATE: August 2006
Tata signaled a new prominence for the emerging Asian conglomerate in 2000 when the most Indian of brands bought one of the most English, Tetley Tea. At $435 million, the deal was the biggest in Indian history. For Tata, buying an iconic Western brand was not the goal. Growing Tata...
Even by China's skewed standards, the surge of foreign interest in launching and managing hotels is astounding. "It's stratospheric," says Patrick Ford, president of Lodging Econometrics, an industry research group based in Portsmouth, N.H. "China is the most attractive place in the world right now for hotels. That...