Doing Well in the Recession à la française
Tuesday, April 21st, 2009“Make no mistake,” as Grégoire Biseau writes for the French left-leaning newspaper Libération, “the crisis continues to wreak devastation.” He cites only figures for France, but they still do not make for very reassuring reading: bankruptcies, for example, are up 21.3% in the first quarter of 2009 (presumably year-on-year), and profitability for non-financial firms is at its lowest level since 1985.
The question naturally arises: Surely there must be companies, somewhere, which are still doing well for themselves despite the tough times. Who are they? Perhaps more importantly – because of the clues that may be extractable for the rest of us – how are they managing to pull that off? As chief editor and team leader, Biseau enlists his colleagues at Libération to put together an article-collection addressing these questions, under the master-title of Seven aspects of getting around the crisis. (more…)
