Wednesday, October 31, 2012

Courtaulds catches cold, but defends core business (1993)

Another memorable quote, this time from the FT of November 18th 1993.  

The UK is now the favourite location for manufacturing in Europe (presumably with the proposed EU Tencel plant in mind) because "Germany provides an outmoded socialist environment.  That country has a long way to go to reach the efficiency levels of the UK".

In the same paper "Courtaulds Catches Cold": shares fall by 9%.

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