China is becoming the new frontier of Dassault Aviation (whose largest shareholder is the owner of Figaro). "We set up in China where we are creating a subsidiary. By the end of 2012, will employ 25 people, "said Sunday Edelstenne, CEO of the French aircraft manufacturer, on the eve of the opening of the Fair Business Aviation (Ebace), which is held in Geneva until May 16

After opening sales offices in Shanghai and maintenance and Hong Kong two years ago in partnership with Jet Aviation and Hawker Pacific, the manufacturer of Falcon jets dope his device to enjoy a hot market. Given the regulatory constraints in China, "to establish long term, we need a subsidiary," insisted John Rosanvallon, President and CEO of Dassault Falcon. Headquartered in Beijing, will be operational this summer.

China has recently become one of the first customers of Dassault. The group plans to deliver 12 Falcon this year (out of 65 in the world) against 8 in 2011. Last year, half of its orders, or 18 devices, were placed with Chinese customers. This market looks like a pyramid upside down. Customers were immediately turned toward the high end. Dassault has already taken 20 orders of 7X, his flagship, which cost around $ 50 million.

But the market matures. "The number of new customers for our various models in the 2000S 7X is very promising," confirmed Edelstenne. The customer profile is changing China. The primary motivation for buying a jet status has long been a way to show his power and care networks. This is still true. "But the Chinese bosses are increasingly using their planes more for really professional, to save time, improve productivity, said Jean-Michel Jacob, CEO of Dassault Falcon-China. And the fact that Chinese companies increasingly go abroad reinforces this need, this awareness low fee pay day loans. "

Lack of airway

In three years, the business aircraft market has exploded in China. In 2011, "the country became the first market for all manufacturers in terms of sales," says Jean-Noel Robert, who chairs the Asian Business Aviation Association. China would be "third world market, and this share is expected to increase." The scope for growth is huge. Where there are 15,000 private jets in North America, there are fewer than 500 in Asia.

On the Hong Kong airport, the business aviation fleet is already the second and should become the first, before that of Cathay Pacific. "Asia, particularly China, is our main export market," noted Larry Flin recently, President Gulstream, recalling that its fleet, including Hong Kong, had jumped from zero in 2000 to over 80 aircraft today. For its part, Dassault Aviation now holds 30% market share in China, which should account for 20% of its production in the coming years. According to Canada's Bombardier, more than 2,300 business jets will be delivered in China by 2030, for a fleet of 150 aircraft today.

As part of its 12th five year plan, adopted last year, China has included among its objectives the development of business aviation. However, there is still the brakes, such as lack of airways, with a sky very locked and controlled by the military. But the problem is mainly lack of infrastructure and skilled staff. There are only 150 civil airports in China, 1500 against the United States. The number of airports will increase by 27% in China by 2010.

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Decidedly, this championship spares nothing to Olympique de Marseille. After a disappointing season sportingly (OM is currently 10th in the league), players of the club will play their final game next Sunday of the season against Sochaux with a misspelling in the back! That is the conclusion yesterday after the presentation of the shirt "Third" of the OEM Adidas club, created by singer Akhenaten – leader of the rap group IAM-1990s – and the Argentine sculptor Pablo Reinoso. A tunic dedicated to the European Cup, having the distinction of being reversible: when you turn the black jersey, it turns orange.

"The grammatical rule is not obvious"

Orange, it is thus that the error happens. Worms designed by the rapper star of Marseille have a spelling mistake. They are found enrolled in upper back: "And our hearts are orange, as are the waves at sunset." However, the word orange agrees, except when used as an adjective. This is the case here. This departure from the French language cover only one of three new models and is invisible to a spectator from the stands. It must indeed look very closely intertwined worms to distinguish this "S" too. "We assume that fault, reacted Emmanuelle Gaye, spokeswoman for Adidas. This grammatical rule is not obvious and I guess it was not known to all French no fax cash advance. " He added: "As in any international company, the production line is long between the designer and product manager. We are looking where the error occurred. The most surprising is that the first prototype did not include error. "

Already on sale

Still, this error is a problem, the shirts have already been sold in shops of the club. "From the moment the product is not defective, it remains for sale, says Emmanuelle Gaye. We are considering how to correct the error. " Adidas, an estimated "tens of thousands" tunics with the misspelling, knowing that the OM annually sells 400,000 jerseys.

Already mocked by fans for its color, away from the traditional blue and white OM, so the shirt could see his popularity decline even further. What threatens the sales potential of these tunics. At 90 euros a basic version, some fans will likely require a perfect model. Unless an effect "collector", which would encourage them to rush on jerseys-like limited edition … "It is unclear what impact this will fault on our sales, concludes Emmanuelle Gaye. But the jersey is a favorite with players and fans. "

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M6 surfs his good hearing and displays good financial health. The group chaired by Nicolas de Tavernost said Thursday, a consolidated turnover up 3.6% in the first quarter of 2012, to 355.1 million euros. It is true that this growth owes much to self-advertising group, which rose by 3.2%. Starting with the audiovisual rights activity that benefited from the success of Twilight 4 video. But despite the sluggish market, the advertising revenue of the group grew by nearly 4%.

Even the M6, the flagship, can boast of an increase in advertising revenues in the first quarter from 1.5% to 164.5 million euros. Growth that relies on good audience ratings of structured grid around a solid prime-time thanks to JT "19 h 45 'and household scenes, but also a few key programs that Whether it is "Top Chef", magazines such as "Capital" and, finally, American series that still make the gravy chain. With an average audience share of 11.6%, M6 is thus gradually became the third chain of the audiovisual landscape.

What it can an aggressive advertising policy based on maintaining or even increase, its rates, where most incumbents rely on the flexibility in trading conditions. Proof: according to Kantar Media Institute, the volume of the M6 ​​channel advertising declined 14.2% over the period, while its gross revenues (excluding negotiations and regressive) increased.

Rate increase

This means that the group has increased the value of its screens. By comparison, TF1, whose gross receipts would not progress to the first quarter shows an increase of its volume of 3.4% pub. The first private channel is also best bidder in number of spots.

More generally, the history of television market has seen in France in the first quarter a decline in overall volume of 7.5%, according to Kantar Media. If the market does not collapse, it is primarily due to the dynamism of the new DTT channels. In its latest monthly report, the Institute notes that "this segment remains solid in value in March (16.7%) but stabilizes its activity by volume (0.3%). Cumulatively, the DTT channels grew three times faster than all channels (23.2%). "

A trend that is well reflected in the number of commercial digital channels M6 group – mainly W9 – which increased by 16% in the first quarter, to 38.1 million euros.

As for the coming months, the media buying specialists adopt a conservative position. Havas Media, a subsidiary of Havas, setting a trend of 0.9% of the TV market in the second quarter. In other words, the line thickness. The media agency fears the arrival of "a two-tier market that is expected to exacerbate the end of the year and in 2013 with the arrival of six new HD channels TNT in the fall. The fragmentation of audiences is going to intensify, increasing the risk to players on the market, "she argues.

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For the second time since 2009, Spain fell into recession. The Spanish economy has indeed contracted 0.3% in first quarter 2012 compared to end 2011, according to preliminary official figures released Monday. It is however slightly better than expected: the Spanish Central Bank expected a 0.4% decline in activity over the period.

After degradation of the Spanish note by Standard & Poor's, the publication of a record unemployment rate in March and fears more acute in the health of banks, the bad news accumulates in Madrid.

In the first quarter of 2012, only exports and tourism have supported activity. But their strength was more than offset by the effects of the austerity plan introduced by the center-right government of Mariano Rajoy, of unprecedented severity. Moreover, the cleanup of a long over-indebted economy, household businesses through the state, beating down domestic consumption. The proposed increase in VAT, under pressure from the International Monetary Fund, should accentuate this trend.

"The austerity trap"

So much so that the International Labor Organization (ILO), in its report published on Monday, sets up Spain as an example not to follow a policy solely focused on rigor. She stressed that "the deficit was reduced by just over 9% of GDP in 2010 to 8.5% of GDP in 2011: a very small reduction after a drastic austerity program." For 2012, the government had to moderate its deficit reduction target, it expects to either 4.4% but 5.3% of GDP, given the deteriorating situation. For the ILO, "the trap of austerity is being shut down."

The Spanish economy should continue to suffer, economists fear. "We expect an acceleration of the recession in the coming quarters, in parallel with the rise of austerity measures," said Evelyn Herrmann, economist at BNP Paribas. "Things should get worse before it gets better," says Martin van Vliet, of ING Bank.

Unemployment, already at a record level of 24.44%, should continue to climb. It should eventually reach more of an asset over four in Spain, provides the analyst consensus. Symbol of the Spanish slump, the construction industry, long time driver of the economy because of swelling of the housing bubble, should continue to lay off. It accounts for another 9% of employment, against 6% on average in the eurozone.  

Fears on banks

"The worsening situation on the labor market will have a particularly negative impact on banks," notes Ricardo Santos, an expert in Southern Europe at BNP Paribas. "The share of loans" non-performing "(that is to say, threatening never to be repaid, Ed) is expected to increase and represent 9% in late 2012." To which are added 176 billion euros inventory of buildings and land "problem", that is to say to the uncertain value, as counted from the Spanish Central Bank. Country's only hope in the short term, the "Marshall Plan" for growth in project and unveiled in Brussels on Saturday by the daily El Pais. According to him, he is expected to reach 200 billion euros, or 4% of GDP of the European Union. But Brussels has denied, insisting that these figures "had no basis."  

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Two billion euros. The Intermat 1350 exhibitors, which was held from April 16 to 21 in Villepinte near Paris, have not mégoté their investments as they exposed construction machinery and construction worth a total of 2 billion. "This very large sum shows business optimism this year," explains Maryvonne Lanoë, commissioner general of the show.

This event is the meeting point for all actors of the French markets, Southern Europe and North Africa. "The trend is quite good, says Philippe Haugenauer, Sales Director France of Japanese Komatsu. We have seen the show many people who have projects, although few orders were signed on the spot. "With a turnover of EUR 18 billion, the Japanese group is the second largest manufacturer of equipment BTP in the world.

Strong rebound of the market

Reinforces a sense that the latest figures released by manufacturers. "The aggregate producers, who are our customers, have a very good first quarter, so a little unexpected," says Michel Herr, CEO of France Sandvik, the Swedish group specializing in drills and milling machines. The reason: the great works decided by the government after the 2009 crisis. "We take advantage of highway construction and high-speed lines, including those linked to Tours and Bordeaux, Michel Herr says low interest personal loan. This allows us to benefit from a good order book for the second quarter. However, we lack visibility for the future. "

Despite its 15% growth in its European business in the first quarter, Saubot Alexander, general manager of Haulotte Group, Europe's leading manufacturer of aerial work platforms, believes that "this increase is lower than it should be given the fall market in Europe since 2009. " The activity is still far from the highest recorded in 2007 and 2008. Above all, Europe pales in terms of total growth over the period of Haulotte: 24%.

"The strong rebound in the global market for public works equipment recorded in 2010, to 17%, and 2011, 24%, is due in part because it had collapsed by 50% between 2008 and 2009" , said Maryvonne Lanoë. The activity remains well below the pre-crisis level.

"There are many projects, the problem is now often funding," says Philippe Haugenauer elsewhere. Dynamism that allows Buronfosse Renaud, chief representative of ICASA, the union representing the manufacturers of construction machinery, metallurgy and handling, be optimistic for the current year: "We envision an increase of business activity of the profession of 5 to 7% in 2012. "

Zadig & Voltaire is poised to succeed his conquest of the West. Not only the French glam rock label founded in 1995 multiplies the openings across the Atlantic, where it already 8% of sales: in the end, she will inaugurate its eighth shop, 200 square meters on the prestigious Madison Avenue.

Better yet, Thierry Gillier, founder, owner and patron, comes to do business with a prestigious U.S. investment fund, TA Associates. After five months of negotiations, he signed on March 30 a memorandum of understanding, under which TA Associates will take 30% stake in Zadig & Voltaire. Reportedly, the agreement, which should be completed and made public in the next few days, values ​​the company 380 million euros. For its last fiscal year, ended July 31, Zadig & Voltaire has indeed achieved a turnover of 130.6 million euros and an Ebitda (EBITDA) of 34.2 million.

The investment firm TA Associates who invested since 1968 in hundreds of medium-sized enterprises with high growth in finance and the Internet, the bank was advised by Rothschild & Company for the operation. It will pay 11 times earnings of Zadig & Voltaire to diversify into ready-to-wear clothing. A multiple close to that achieved at the entrance to the capital of Eurazeo Moncler, last June.

Professionalise the governance of society

For Thierry Gillier, advised by Laurence Danon, Edmond de Rothschild Corporate Finance, this operation is the culmination of a long reflection no faxing payday loan. The contractor pushes for four years because of advances investment funds, as TowerBrook Capital and L Capital, and large banks. HSBC has thus approached several months ago for an introduction to the Hong Kong Stock Exchange. But it was too early to Thierry Gillier, because the claw is not yet established in China.

In addition, Zadig & Voltaire, little debt and very profitable, does not need money. His boss has always maintained that it had enough cash to open 30-40 new stores worldwide this year. Zadig & Voltaire, which already has 70 outlets in France and 75 abroad (including booths in department stores, shops and franchised malls in Dubai, Moscow and Casablanca), will open this year a third store in Hong Kong, shops in Barcelona, ​​Moscow and in Germany, and a dozen corners in department stores like Bloomingdale's and Nordstrom in the U.S.. The transaction with TA Associates allows one hand to Thierry Gillier to achieve part of its capital and the other at Zadig & Voltaire entered a new stage of its growth and move beyond small family . The company may professionalize its governance, improve its financial structures and especially benefit from the expertise of TA Associates in the International Markets.

Thierry Gillier wants Zadig & Voltaire makes this year half of its sales overseas. Reportedly, he aims for the fiscal year began in early August up 19% of consolidated sales and an even more rapid Ebitda.

Not a word has filtered out of the conversation between Nicolas Sarkozy and PSA boss Philippe Varin. For nearly an hour, the two men met at the Elysee about the factory in Aulnay-sous-Bois in Seine Saint-Denis. The future of this plant, which employs over 3,300 people, would be threatened, unions fear. The presidency as the automotive group has declined to comment on leaving the meeting.

Nicolas Sarkozy wanted to convince Philippe Varin to organize a roundtable discussion with unions and industry minister, Eric Besson, "next week" to discuss the future of the site. A request of the unions, the president-candidate met Thursday at his campaign headquarters.

"All done" to save the plant

Nicolas Sarkozy said on Friday, on the antenna of i-TV: he will "do anything to save this plant." For him, it must "ease the burden on the wages of employees and the contributions of the company." He recalled that the business tax that has weighed deleted "250 euro per car manufactured in France." "It's fine to say that the cars must be manufactured in France, but if you put on in France making more taxes than elsewhere, there is a relocation," he concluded.

The unions said they were somewhat reassured after their head to head with Nicolas Sarkozy business cards design. "The words we hear a lot, but the words fly away, we want it written guarantees, said Jean-Pierre Mercier, the CGT. We play our skin. "And not just employees of PSA 9000 with direct and indirect jobs, PSA Aulnay is one of the largest employers in Seine-Saint-Denis, according to the General Council.

The record of the Aulnay plant is back on center stage last weekend. The unions had then expressed their disappointment after a meeting between employee representatives and management organized by the prefect of Seine Saint-Denis. But the concern of unions as of June 2011 and the disclosure of internal working documents of the automaker speculating a closure of Aulnay. Unions fear that the decline in production will continue and lead eventually to a cessation of activity on this site.

"We want to continue working"

In recent months the government has stepped up operations in the industrial thorny issues. Latest success, the recovery of the carrier Sernam by Geodis. In the case of Peugeot, the unions are skeptical, as expressed by Jean-Pierre Mercier Thursday: "We all know that the management of Peugeot expects the presidential and legislative elections to officially announce the closure of this factory, we are unwilling not die, we want to continue working. "

This time it's done. Philips has withdrawn its television division. Finally. Because it took nearly a year to Franz Van Houten, CEO of Philips, to complete this operation. It is also the patron of the first strategic decision, arrived at the head of the Dutch company just last year.

Over the last two years, the division of Philips TVs has accumulated just over 500 billion euros of losses – including the costs of disengagement from Philips. Now, the new entity should be able to go on a sounder footing. "Philips has made its teams, its innovations, expertise and POS … its competitiveness and mastery of the supply chain," says Marie-Veronique Cazeaux, CEO of TP Vision France. This distribution corresponds well to the state of the TV market. The traditional players are innovative, but no longer able to cope with Chinese manufacturers competitive. Not to mention the Korean Samsung and LG, which now occupy the top two spots on the podium.

Recurrent source of losses

"POS is a registered almost unknown in France electronic check payday advance. Yet they are world number three, "says Marie-Veronique Cazeaux. The group of Hong Kong, which is also a world leader for PC monitors, manufactures televisions under the brand AOC label and distributor. It will add TVs Vision Lab, exclusively sold under the Philips brand.

For Dutch, the operation should allow it to disengage from a recurring source of losses, while remaining present to the general public about the TV market. Market oh so iconic. "We have an excellent brand image, says Marie-Veronique Cazeaux. Now we move into a replacement market. There are six or seven years, Philips held 25% market share and it is these customers who return to shop. "

The question is whether the effect will be faithful enough to come back into favor as Philips. In 2011, he held less than 7-10% of the French market, against 25% for Samsung.

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Times are changing. Apple also. Tim Cook, CEO of the group, visited China this week. This is the chief executive of the Apple brand to do so. Territory that Steve Jobs has ignored many years before the first open an Apple Store in 2008, but he never went. Thursday, the world's factory and especially Apple, China today is a tremendous reservoir of consumers. The Chinese world – mainland China, Hong Kong, Macao and Taiwan – is already the second largest brand, behind the United States.

No question of the destination then sulk. "China is very important to us and we look forward to further invest and grow here," and said Carolyn Wu, spokesman for the brand in one of the few interventions official Apple communication very stingy on the Overall the visit Tim Cook. Received with honors by the Vice-Premier Li Keqiang, tipped to succeed next year in the current prime minister, Wen Jiabao, also met with California leading operators China Unicom and China Telecom. First local operator, China Mobile still in talks with Apple to launch iPhone on its network. Moreover, an intellectual property litigation on the brand "IPAD" claimed by a Hong Kong company, slows sales of iPad in China, where the latest version has not yet been launched.

Wave of suicides at Foxconn

But the trip leader California also sought to address criticisms been rising, from around the world, on the manufacturing conditions of its high-tech products payday loans lenders. In 2010, a wave of suicides had given to Foxconn, Apple's main supplier that produces iPhone and iPad in China, a fatal reputation, yet tarnished by an explosion in a factory and workers of poisoning by chemicals.

An image so disastrous that earlier this year, the American actor Mike Daisey had no trouble getting across the Atlantic believe that Foxconn, children 12 years working in factories guarded by armed guards, before admitting that this information had been made.

No wonder Tim Cook will be split from a visit to the new Foxconn factory in Zhengzhou, south-west of Beijing, including the official photos showed smiling employees. The Apple brand is committed to improving working conditions in its factory in China, signing an agreement with Foxconn on the hiring of tens of thousands of employees, improving safety and solving the problem for hours additional illegal.

Earlier, China had the opportunity to lecture foreign companies invited by Li Keqiang to "take more care of their workers," according to comments reported by the official daily English-language China Daily.

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This is not the strong political message expected by Paris, but Europe has decided to speak up to protect themselves from competitors judged disloyal. Under control of the Commission, certain public may soon be prohibited suppliers from countries that close themselves the door to EU exporters.

This "reciprocity" commercial, written in a bill introduced Wednesday, is officially open to third markets rather than to protect the old continent. "Europe is an open market, and we do not see why others would not like us. It is therefore encouraging, "said EU Trade Commissioner, Karel De Gucht.

The compromise, snatched after eighteen months, is far from 'Buy European Act "recently proposed by Nicolas Sarkozy, even in small-step approach

. "Protectionism"

The bill is based on two mechanisms. One, almost consensual, will allow Brussels to close the procurement of Member States to a third country guilty of repeated discrimination against European companies. Beijing, which closed its borders to any technology that has not previously "registered", is like a number one target.

This is the second mechanism that clashed European capitals, notably France, the Netherlands and Britain. It would enable a single Contracting Party in the EU – a municipality, for example – to get the Commission to prohibit a tender to foreign competition under the pretext of non-reciprocity, if the procurement covered exceeds 5 million euros.

To impose this device, which struck the most liberal of the Commission, Michel Barnier had to defend himself publicly accused of "protectionism". With a strong argument in a recession: Brussels amounts to 12 billion euros a lack of European companies to export because of obstacles put in third countries. Furthermore, public procurement represents about 20% of GDP in the EU, and they escape to international competition rules, set by the WTO.

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