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Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
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Britain’s high street department store chain, House of Fraser is planning to undergo a facelift in a bid to modernize its image. The store plans to drop its iconic prancing-stag logo which dates back to 1909. Investment firm Baugur, which bought the chain early this year for $668.29 million wants to add some excitement to the store’s image. This move is to reinvent the House of Fraser brand as a “house of fashion, fragrance, footwear & fun”. House of Fraser, which has 66 stores in its chain, reported an 8.8% increase in sales in the second quarter of 2006, as a result of acquiring the businesses of Jenners & James Beattie in 2005.
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Source:- IIPM-Business and Economy, Editor:- Prof. Arindam Chaudhuri - 2006
For we all suffer from the political instability to which such despair gives rise. But it is America that perhaps now stands to gain the most by reviving Doha talks with a more credible and generous offer. US influence in the world has suffered greatly in the last few years; the Bush administration’s hypocritical use of free-market rhetoric while pursuing protectionist policies has made matters worse. America’s national interests thus dictate a policy change. But there’s another powerful rationale for it: Treating fairly those who are poorer and less powerful is the morally right thing to do.
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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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