My Opinions

 

The current shortage threatens Japan with the approach of summer heat when all the nuclear reactors of the Archipelago are at a standstill since Sunday. Uncertainty in the restart of nuclear power plants that supplied nearly 30% of electricity before the disaster of Fukushima, the Japanese are multiplying initiatives. The radius anecdotal include the "Super Cool Bra" bra refreshing presented Wednesday by the Triumph, which recalls the "heated jacket" high profile during the first summer post-Fukushima, last year.

Harbinger of a turn more energy, Canadian Solar, Canadian manufacturer of solar panels, has committed, also Wednesday, to locate a plant in the Tohoku region, devastated by the tsunami payday advance lenders. Photovoltaic electricity is still marginal in Japan: about 1% of production.

Unlike France, for example, which experienced its peak in winter, Japan, peak demand occurs in summer, air forces, when the sun is the most generous. The Japanese government has not presented its new energy strategy, but leaders of Canadian Solar anticipate an expansion of renewable energies. More durable than the bra, prototype to communicate on energy, which will not be marketed.

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Presidential in major cities Paris | Leeds | Lyons | Toulouse | Leeds | Sheffield | Liverpool | Bordeaux | Lille

 

LE FIGARO. – Your father sends you to a company's image. In what mood are you?

Alessandro Benetton. -When writing the new chapter of a book, you must have read the previous calmly. Know that the first line of your chapter begins with the last chapter before. But only you write. The context is difficult. Like when I was given the Benetton Formula 1. I was 25. This may be my destiny to accept difficult missions.

What are your plans to correct the sales of a company that ran out of steam?

It is true that in markets where we are most present, there is more growth. I have both consolidate our presence in Europe since the brand is Italian, but at the same time, go to Korea, Russia, India and Turkey. Grow internationally will be expensive. To achieve this, I need to change the organization, with new people. Among the areas for improvement, we will focus on products and sales. We must enhance the shopping experience. We had done enough. Partly because of the lack of lines, on one side, and an excess of references in each range, on the other. We will strengthen our collections and return to the colors and sweaters that have made us successful. For United Colors of Benetton, You Nguyen, Levi's former home, oversees product design and merchandising, which reinforces the coherence of the store, handing it to the heart of our strategy.

Will you renew your products and stores Benetton, Sisley, but Playlife?

I want to develop around Benetton other brands, each with its history. United Colors of Benetton will remain the flagship brand, but all must move forward so that we improve our results. New store concepts are deployed. For Benetton, the products will remain colorful, accessible and quality. Loyal customers already know that our products can last for years. While garments Sisley remain more sophisticated patterns and colors. In the new stores "icon-stores" of United Colors of Benetton, in major cities worldwide, including Paris, New York, Milan, space is also more segmented between collections or casual city. We installed Giant wool sculptures, titled "Lana Sutra." It amuses me, these ideas from young artists. We offer a shopping experience strong emotions that entails.

Get ready for launch?

Within United Colors of Benetton, I started the "pin-up" last year: this sweater takes the form of the body outline. I put too much on my brand sportswear for young, Playlife, mainly present in Italy. I've reintroduced two of our other brands untapped for years: Killer Loop-and-Jeans West, claw jeans and high cool, 3 horses scratched from the Italian flag. It was one of the first chains of Benetton in the 1970s for denim. Multi-brand, the store also sells gadgets, bags and other decorative objects external marks. It is staged as the loft of a young lover of travel and music. I want to export to Europe and Asia.

Will you continue to make communication campaigns "shocks"?

The Benetton brand awareness remains strong, in 120 countries. We raise large institutional campaigns time to talk about our values ​​twice a year. The next will be in October. The previous Unhate (Non-hatred), which showed political and religious leaders peacefully kissing on the mouth, was seen by 500 million people. To reach a new younger generation who knows us wrong, it was designed for the Web world. This has re-emphasized our research center in communications, La Fabrica, which create 30 young artists each year fellows. Benetton is not a seller of clothes like the others. What matters is that these campaigns have action even if the effects of sales come later.

You get inspired fashion brands like Zara and H & M, who have taken market share in recent years?

Every business has its DNA, I never believed in those who copied a competitor's model for success. But models of business organization of the "fast-fashion" (fashionable high turnover) have stimulated, encouraged to become more aggressive in collection development and in stores. We produce in Tunisia, with own plants in particular, but also in Serbia, so close to us, and this proximity allows us to be as responsive.

Why did he leave Benetton Stock Exchange, where he was present for twenty-six years?

To those who think the stock is useless, I say no! I was a young analyst when Benetton was listed for the first time in Milan. It was a company of 21 years, innovative, fresh in its approach. She wished to guard a big risk: that of being overtaken by galloping growth. The stock market gave us a rigorous management. But since 2008, the financial system is passed through an unexpected crisis. This has led to regulatory measures designed to protect investors, but that induced excessive restrictions for businesses. So far from my mission as an entrepreneur.

Heir model

"Ma, you know me?" Asked his father, Luciano, an advertisement for American Express in its simplest device. Alessandro, prefers him, unveiling … his passions, sports and art, on his blog. Before restoring color to Benetton, this lover of skiing, a graduate of Boston University and an MBA at Harvard began as an analyst at Goldman Sachs. Then created, in 1992, his investment fund: 21 Investimenti. He is now head of a portfolio of over 1.3 billion euros of investments in diversified companies with high potential.

Within the family group, he also chaired between 1988 and 1998, Benetton Formula, in a difficult again. The team won two titles at the world championships for drivers, before being sold to Renault in 2000. Benetton racing cars are on display in the historic factory of the group became a museum showroom near Ponzano Veneto, a small town north of Venise.Alessandro, and amateur kite ski, lives with his wife The ski champion Deborah Compagnoni, and their three children, in a modern and discreet built by the architect Tadao Ando. Benetton is also headquartered in an equally magnificent Villa Minelli sixteenth and seventeenth centuries, restored in the state of the art. This is where Alessandro Benetton has given us an exclusive vision of the future Benetton

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So that was played Saturday night clasico the FC Barcelona-Real Madrid, it's another training professional football in the city, Espanyol that has caused the most press in recent weeks. As the euro area, the club is indeed great lengths to put its finances. Last March, the boss from July 2011 to the current tenth of the Spanish league first division, Ramon Condal Escude, did not hesitate to explain that he would put his players on the transfer market at the end of the season, to bail out. For RCD Espanyol, it's nearly a million casualties in 2011, and a debt of 148 million euros (nearly 69 million euros to the Spanish tax authorities). Abysmal, while the club budget fluctuates from year to year between 40 and 45 million euros.

Fiscal austerity

Ramon Conde, head of the Catalan club and "Merkel football"

 

Is this the end of the Eldorado Quebec? Federal Budget 2012 the country expects a cut in tax credits related to the fields of research and development so that the state could save 1.7 billion Canadian dollars (960 million). Primarily affected, the big video game companies like Ubisoft French, the British or the American Eidos Electronic Arts (EA) who massively shifted their best studios to take advantage of the generous policy of tax incentives in Quebec.

For several years, much of the so-called AAA games, video game equivalent of Hollywood blockbusters are produced in this province. The series of Mass Effect (EA), the recent Deus Ex: Human Revolution (Eidos) or future Assassin's Creed and Far Cry 3 3 (Ubisoft) are all stamped "Made in Canada". To attract this industry, Quebec has indeed set up a tantalizing tax credit that can reach 37.5% of the total wages paid by the company.

Unbeatable, and pay: a recent study shows that the number of jobs in the video game industry in Quebec has increased from 1,200 in 2002 to 8,000 in 2011, an increase of 564%. "If a few companies well established in Quebec managed to find an interesting progression, recent years have been especially marked by the arrival of new foreign multinationals," says the study TechnoCompétences. In France, the studio Quantic Dreams (Heavy Rain) and threatened to relocate its operations in Canada if the tax credit French video game, developed since 2008, is deleted by Brussels this year.

"Ireland or the United States become more attractive"

The 2012 federal budget could mess up this trend. If Quebec allows for the first time in its local businesses to benefit credit of 37 bad credit unsecured personal loans.5% on the cost of labor, in return, foreign companies are losing some of their benefits. The tax credit for research and development (R & D) increases from 20 to 15% on budget vote in Ottawa. As of 2014, will be excluded from the calculation of this device in hardware expenses. The share of wages from 65 to 55%, and the deduction of R & D done by subcontractors will go 100% to 80%.

"Since last week, invest in the creation of new video games cost more. Canada is one of most industrialized countries to invest in R & D is affordable, "said an analyst at PricewaterhouseCoopers Montreal Quebec newspaper La Presse. "The impact is negative and significant for all major video game publisher based in Montreal and Canada. Suddenly, countries like Ireland or the United States become more attractive, "he says.

French side, it puts the impact this decision could have on the domestic market. "This is still a very generous and much larger than what one can have in Europe," said Julien Le Figaro Villedieu, managing director of the National Union of video games (SNJV). In recent years, France has lost half its jobs in the sector, according to the State Secretariat for Foreign Trade. Number of French creative studio left to join Quebec where they can work on ambitious projects. For SNJV, the slowdown in Canada should allow a rebalancing of power relationships between the major producers of video games and Canada, which has for many years "a very powerful competitor, aggressive and confusing".

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The homes of the French shrink. According to a joint network and broker Meilleursagents.com Empruntis.com, the surface that can be acquired with average incomes fell by 20M2 between 2000 and 2011. Eleven years ago, and could buy only 50 and 70 M2 M2 today.

Soaring property prices is responsible for this situation, which affects all French but not with equal force. For more than income disparities, it is the location of purchasers who will play on their purchasing power. Thus, although holders of the highest average income (4710 euros a month by households according to INSEE), Parisians can not afford that 31 m2, two rooms is a small or a large studio in a city where the m2 reached 8500 euros! In comparison the Rennes and Strasbourg, whose average income is lower by more than 40% (2665 euros a month) than in the capital, however, can lay claim to 62 m2 of housing low rates payday advance. Twice!

Nantes is ranked second among cities in the real purchasing power stronger. With the average income for the city one can acquire 58 m2. In Toulouse and Bordeaux, are accessible 55 m2, 51 m2 in Marseille, Lille and 46 m2 to 38 m2 only Nice.Cependant buying power tends to melt everywhere. In one year, Rennes lost 4 m2, 3 m2 of Lille, Lyon 2m2, m2 and one for Bordeaux and Nantes.  

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Better be envied than pitied. While Latecoere signed two months ago an agreement with its banks to clean up its financial position, the Alura Capital Partners Fund has just made its entry into the capital of aerospace equipment. According to our sources, the hedge funds in recent days has notified the company in Toulouse he had crossed the threshold of 2% of its capital. Contacted the two companies did not wish to comment.

The arrival of new investors reflects a renewed interest in Latécoère, caught two years ago by incurring excessive debt. Called into action by creditors in September 2010, Pierre Gadonneix, former boss of EDF, had initially prepared a quick backing of aerostructures specialist, before changing his mind. The group has completed in late December, its financial restructuring, aiming now to "participate in industry consolidation in a horizon of 2-3 years."

Some already are betting on an accelerated schedule, while the aerospace-defense is faced with the rise of civil aviation and the decline in military orders. The rating agency Fitch expects an increase in mergers and acquisitions over the next 12 months in the area. Consolidation to which the size of the encourages war chest of EADS and BAE Systems other: according to calculations by the agency, the cumulative cash flow of the six main European players reached 17 billion euros. If they do not want to return this money to shareholders, these groups will have to offer investment alternatives. Good news for them, as the funds Cinven and Carlyle, who had driven up prices of acquisitions in recent years, no longer have the same firepower.

Maneuvers

The maneuvers have already begun. According to Bloomberg, the British GKN is emerging as the favorite to take over Volvo Aero, a transaction of about 1 billion euros. Saffron is always the theater of operations in Italy to get their hands on the engine manufacturer Avio. For its part, Latécoère had received in early 2011, the takeover bids from the British GKN, the Dutch Fokker-Stork and Chinese Avic.

The AIF Alura Partners was founded in Paris in October 2010 by Alain Demarolle, former head of European investment fund Eton Park. The inspector, who had in 2008 a study mission on SWFs to the Finance Minister Christine Lagarde, received last month, the price of the international investor of the year the Paris-Ile- de-France economic capital.

 

The warning is timely, at a time when twenty-five countries of the eurozone summit meeting in preparing to sign a pact of brass on the return to balance their public accounts. The Netherlands, paragon of virtue budget, had to acknowledge on Thursday that public finances are sinking into the red and they can not fulfill their promise of recovery, just like Spain or Greece. The failure of the closest ally of Germany in terms of orthodoxy serves to illustrate the damage of a recession is spreading in Europe since the winter. On the first day of a summit officially devoted to research of new growth, it also confirms that this new fever deficits goes far beyond the shores of the Mediterranean.

At the Hague, the official statistics institute has sharply revised down its forecast for the next four years, a backlash slowdown in exports, a drop in traffic in Rotterdam and a housing market collapse . The Néeerlandais GDP would shrink by 0.75% in 2012 and the government deficit to rise to 4.5% mechanically. It was only in 2015 as best they could fulfill their commitment to reduce the fiscal deficit with the European standard of 3%.

The blow is severe for the minority government of Mark Rutte who must save at least € 9 billion to return to the nails. "A country that has done much to others the lesson needs to be, in time, the first to submit to collective discipline, loose a senior European official pay day loans. It's the least we can expect. " On Monday, the Dutch coalition parties will meet to negotiate a new coalition agreement, under the sign of austerity and double-locked. The far-right leader Geert Wilders, who supports the office without participating, suggests that the fate of the team Rutte is hanging by a thread in parliament.

It is also a cold shower for twenty-five heads of state and government who will initial on Friday morning, the fiscal covenant intended by Angela Merkel and Nicolas Sarkozy. This treaty, completed in a record time of 80 days, requires them to return to equilibrium, under the threat of financial sanctions. The woes of Spain, whose Prime Minister Mariano Rajoy said the explosion of the deficit to 8.5% of GDP in 2011, had led to doubts about the holding of this objective. Behind the scenes dealings are already beginning to circumvent the collective discipline, at a time when the counters growth fall below zero. Mariano Rajoy arrived yesterday in Brussels with the intention to overcome, at least in 2012, the deficit limit imposed by the euro area. José Manuel Barroso, the head of the EU executive, and Jean-Claude Juncker, the president of the Eurogroup, make it known publicly that there is no question of giving. The question is whether this line can hold when the list gets longer capitals hit by the recession.

 

The example of Greece who was indebted beyond measure in 2004 to host the Olympics in Athens he served as a warning. The doubling of costs that will have to consent to become London Olympic capital from July 27 to August 12 this year has reinforced his belief.

Mario Monti decided Tuesday not to proceed to Rome's candidacy to host the Olympics in 2020. He had until today to file it with the IOC in Lausanne. The President of the Council considered "irresponsible" to engage in an adventure that no one could control costs. The State should guarantee 4.7 billion euros of public funds.

Mario Monti said he made the decision and only "reluctantly". Regardless of the strong pressure of industrial lobbies, political parties and the Mayor of Rome Gianni Alemanno. To the President of Confindustria Emma Marcegaglia, these Games were a "unique opportunity", a "wheel of growth to boost investments" in decline.

According to the research department of business, foreign investments in Italy decreased from last year … 53% compared to 2010. Mario Monti told him so incisively: "the government had to ask for sacrifices very important to Italians. Now that the immediate danger seems to recede, we do not feel ready to assume a financial commitment that could encumber the public accounts in unpredictable ways in the coming years. "

This decision comes after Moody's downgraded in turn has the Italian note citing the lack of creditworthiness of its debt. Yet Rome was given as a favorite by bookmakers in London.

 

Google plans to launch a home entertainment system capable of downloading, then amplify play music in forums Wireless, The Wall Street Journal. The system, operable from a smart mobile phone or a digital tablet, will evolve to download and distribute video programs also. Google is preparing to compete even Apple, which we expect a new offering meant upsetting the way of watching TV.

It helps us understand why Google acquired Motorola Mobility Holdings. If the acquisition is approved by regulatory authorities, it will help the Internet industry giant to launch this year of a new type of devices, sold under its own brand. The experience would mark a radical departure for Google, whose wealth depends heavily on its dominant position in the market for Internet advertising. The California company has also managed to do in less than three years of its Android software reference system at the heart of millions of mobile phones manufactured and sold by others.

The development strategy of Google draws more and more Apple. This is a great success thanks to the distribution of equipment designed entirely by its own engineers, according to its own standards, marketed under its brand and integrated into a platform for buying (iTunes Store) wholly controlled.

Google has already been manufactured or manufacture electronic devices. But his experience in 2010 with the sale of its first mobile phone Nexus, assembled by HTC Corporation, was quickly abandoned payday loan online. In wanting to sell products under its brand, Google risks angering its partners like Samsung which it depends to disseminate in the field of Android phones and digital tablets.

Management appliances

Google, like Microsoft and Apple, has long sought a way to marry television with the Internet. His effort called Google TV to integrate Android to TVs from Samsung and Sony, to facilitate research programs of video, did not yet successful. But tastes and consumer habits are changing. The considerable success of Netflix (platform distribution of films and serials) has transformed the U.S. Internet audience in a new age. Properly constructed, a new incarnation of Google TV or Apple TV is more likely to succeed today than some years ago.

Google sees farther. By engaging in the marketing of equipment under its brand, the firm also plans Sergey Brin to attack another market that the giants of personal computing as Hewlett-Packard have unsuccessfully tried to create: that of managing Internet for all kinds of home appliances, those enthroned in kitchens systems for temperature control parts of a house and alarm systems.

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