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Kindy clothing, French leader of the sock, was to announce Thursday at the bar of the Commercial Court, the acquisition of Achilles. A small mark, also born in France in 1987 and which reached its heyday in the 1990s thanks to its range of fancy decorated characters and other cartoon heroes.

In receivership, Achilles did not realize more than 2 million euros in turnover to around 500,000 euros in losses. Since 2003, its sales have fallen by half. "Achilles, sleeping beauty, has lost ground due to lack of export, but is very well known and strong presence on the Web, retailers and Galeries Lafayette," said Joel Petillon, CEO of Kindy, income profit in 2010, whose turnover exceeds 45 million euros.

It takes the brand, "whose great fame is inversely related to turnover", and 9 out of 13 employees Business Card Holders. It will boost exports and gradually relocate production for summer 2013 collections, the site of Moliens Kindy (Oise), whereas it was outsourced to Morocco and Turkey.

High value added

Kindy fact itself, since last year, again Moliens knitting socks with high added value, "technical", sports, and allied to allergic or diabetic. But the majority of his socks are made in Turkey, Portugal or, for only 15%, China. It is marketed under the claws Kindy, Sun, or under private labels.

Achilles is not the first acquisition for Kindy, who notably restored color to children's shoes GBB, repurchased in 2006.

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Instant payday loan is a loan that is given without any mortgages or securities and you are to pay back the money on our next payday.

 

Louis Welsh, CEO of aerospace group EADS, Airbus' parent company, for another few months, had assured him a few weeks ago the BBC: "We will continue and we will resist external interference." The confirmation of the German Ministry of Economics of a possible rise of Berlin the capital of the group could make the mission more difficult. The German government has indeed made a provision that could be used to repurchase additional shares of EADS.

Last November, Berlin had confirmed the recovery of half of the shares of the automaker Daimler, or 7.5%. The aim of the German government was not to lose ground against the French government retaining these shares in the lap of Germany.

But Berlin could therefore go beyond. The government has made a provision so that the public bank KF – who had already intervened in the case Daimler – can optionally be able to take additional units, the ministry said. In Focus, 4.5% stake now held by a group of private investors, shareholders also 60% of a consortium named Dedalus. This last group of public and private investors, includes, alongside great names of German finance Deutsche Bank, Commerzbank and Allianz, regional states in which EADS operates in Germany (Bavaria, Baden-Württemberg, Hamburg and Bremen ). Dedalus has a total of 7.5% of the aerospace group payday loan lenders.

Power relations

By the end of the year, the consortium Dedalus might decide to sell 4.5% stake. If he offers to the German State, it will be obliged to redeem them, the ministry said. Deutsche Bank and Allianz, who took 10% of each Dedalus at the time of formation of the structure in 2007, did not comment. According to the Financial Times Deutschland, the provision of government reach 1.6 billion euros. The new acquisition would amount to 12% of Berlin's participation in the capital of EADS. According to Les Echos, it could reach 13% if we add the 1% held by the public bank KfW in Dedalus. In front, France has 15% stake, and Lagardère 7.5%.

The balance of power at EADS are a sensitive subject. Recently, the German government has expressed its fears of excessive weight of France in his eyes in the division of roles and assignment of key posts, including the changeover from the center of gravity of EADS in Toulouse. Thomas Enders, Airbus President and current successor of Louis Galois, had proposed to his headquarters in Toulouse.

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500 billion euros shake the Bundesbank. This record amount represents receivables from any bank in the euro area towards him, as they appear in the European payment system TARGET, which connects all European financial institutions. If the eurozone were to collapse, the institution of Frankfurt fears of never seeing some of that money. And she considers the 17 central banks in the euro area, united in such event, unable to bear such a burden.

The president of the Bundesbank, Jens Weidmann, is to open to the President of the European Central Bank, Mario Draghi, in a letter-box was conveniently leaked this week in the German press.

Officially, Mr. Weidmann is concerned about the rules governing collateral, the collateral deposited by banks with central banks in exchange for cash. The conditions of acceptance of these collaterals have recently been relaxed, so that some loans to businesses are now eligible. The Bundesbank requires additional safeguards to protect against defects in cascade.

A preferred creditor status

Jörg Krämer, chief economist at Commerzbank, the Bundesbank is "within its rights" to these claims. He suggests several avenues, including filing with the IMF currency or gold. "Italy possesses to 134 billion euros. This would cover 70% of the charges due, "says the analyst. It also proposes to give a preferred creditor status of the Bundesbank or slow injection of liquidity into insolvent countries. But the debtor countries in the majority in the Governing Council of the ECB, Mr no fax payday loans. Krämer does not believe that the Bundesbank will get succeed. Especially as Berlin seems rather isolated, its concerns are not shared on the French side.

Behind the technical aspect, this controversy reflects, politically, a further escalation in the strife between the German financial world and the ECB in managing the debt crisis. Last year, the former chief economist of the ECB, Stark, and the former head of the Bundesbank, Axel Weber, had left their positions on substantive disagreement on the path chosen, not rigorous enough in their taste.

Precisely, the letter of the Bundesbank was published after the new operation unlimited lending to three years of the ECB, which granted Wednesday 530 billion euros to 800 banks. Side of the Bundesbank, it is estimated that this operation initiated by Mario Draghi, who has helped stabilize financial markets, carries within it the seeds of a future crisis and could dissuade governments to continue their fiscal consolidation efforts. On the defensive, the ECB now lets hear that there will be no new loan of this kind so far as the door was open for a third operation in the spring. German Chancellor Angela Merkel indicated that she was not favorable in the state. One way to rescue the head of the Bundesbank.

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Barracks, land, old prisons, offices, mansions, forest houses, homes: the state gives each year hundreds of properties it no longer use. These sales it earned 590 million last year. This policy will continue. The State expects to sell 1,870 properties in 2012, 2013 and 2014, for 2.2 billion euros. And everywhere in France (see map).

If sales have accelerated since 2007 (2.8 billion in revenue since then, against 1.8 billion from 2002 to 2006), this is a result of the restructuring of the state initiated by Nicolas Sarkozy. Especially at regional and departmental services of various departments were grouped into two or three entities. Enough free space over the years. The merger of Taxation and Treasury Bercy has the same effect, as the consolidation of the judicial and military maps.

However, over 85% of the gains from these sales were used to renovate or construct public buildings. Only the balance, under 15, reduced the state debt. Playing rules will change, however. Starting this year, 20% of sales (excluding Ministry of Defence in particular) will go to debt reduction. The proportion will reach 30% in 2014.

Another downside: it is often other public, and especially the municipalities, who acquire the assets transferred by the State. Of Commons that value then the operation. Example: the city of Versailles, through the establishment of public land Yvelines, bought at the army barracks in 2011 Pawn in Versailles. The city will create on the site of activity areas and housing. The subject has also become political, presidential forces. Francois Hollande suggested that the state sells its land free of charge to municipalities so that they will develop social housing. Nicolas Sarkozy denies the charge assignment and advocates an acceleration of land sales.

Foreign investors

In Paris, foreign investors are also part. Thus, the former headquarters of Météo France, near the Eiffel Tower, was sold for sixty million to the Russian state, which will build an Orthodox cathedral. Yves Deniaud, UMP deputy chairman of the Real Estate Council of State, has openly on the Qataris, the Russians and Chinese to buy four mansions for sale in the seventh arrondissement. Individuals who are interested in goods, cheaper, in the province can learn about the site of France Domaine which lists properties for sale.

 

PSA Peugeot Citroen could find salvation in America. Held by the French manufacturer Peugeot family experiencing great difficulties – the automotive division has lost money in 2011 – has confirmed tonight that "considering proposed cooperation and alliances (…) in its globalization strategy and performance improvement. " The group does not directly project with General Motors but Latribune.fr and Financial Times both report that the French group is in advanced talks with the U.S. giant. For now, GM has declined comment. Kelly Cusinato, spokesman for the group, simply reaffirmed that GM "regularly speak to other companies in the sector but we do not comment anything beyond that." According Latribune.fr, discussions between the two automakers started there "few months" might even lead to an agreement that would be formalized during the Geneva Motor Show in early March.

The reconciliation between the two groups are "an alliance, not a merger or ad hoc cooperation" as the French group may have with competitors like Ford, Toyota and BMW. Such a project would enable a PSA to get a second wind while the group in crisis is unable to fund the investment needed for its redevelopment internationally.

If this project goes to completion, it would make strategic sense, and would bring synergies for both groups. It would create a powerful global industry leader with over 11 million vehicles sold per year worldwide. PSA lacks international basis although it is a major strength of GM, the first manufacturer in the world. For its part, the American manufacturer said last week that he wants to refocus the strategy of its European subsidiary Opel, which has lost $ 747 million in 2011. "An alliance between Peugeot and Opel would be strategic because their production units do not overlap. PSA is mainly located in France and in southern and eastern Europe as Opel is more present in Germany and the north, "says the Financial Times.

But any agreement must first be approved by the Peugeot family, which owns 30.9% of the capital and 48.3% of the voting rights of PSA, said LaTribune.fr reminder that the American manufacturer is "twice as big "in sales as its French rival.  

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The automobile market in France falling off again. After rising 2.8% in October, new car registrations fell by 7.6% in November to 179,160 units, according to figures of the Committee of French Automobile Manufacturers (CCFA) on Thursday. The many business operations that had previously provided support for the request do not seem to great effect.

French manufacturers are particularly lagging behind. Sales were down 11.5% in November against a decline of 2% for foreign manufacturers. PSA Peugeot Citroen has suffered a decline of 15.4% over the month due to a decline of 23.4% of sales against 4.9% for Peugeot Citroen. His rival Renault suffered a decrease in sales of 7.2%. The group manages to limit the damage with its Dacia brand, which recorded a 26.9% jump in sales in November against a decline of 13.8% for the Renault brand.He then said that the Franco-Japanese to be careful, particularly with regard to investments. PSA had for its part submitted a conservation plan in late October that passes not delete 6800 jobs worldwide, including over 4,000 in the Hexagon.

At the Paris Stock Exchange, the new integrated seem to investors. Renault won the title at 0.07% to 27.77 euros 9:40, in a market down 0.89%. The action Peugeot loses 0.90% to 13.71 side euros.

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Released in early 2010, a year and a half of recession caused by the bursting of the housing bubble, Spain could plunge into the red. Supported by the only engine of exports and tourism, the economy will suffer from the international slowdown. And domestic demand – consumption and investment – remains stalled, weighed down by record unemployment. Economists forecast a decline in activity over the next two quarters. For the full 2012, Natixis expects an increase of GDP, limited to 0.2%, even more severe, Bank of America Merrill Lynch expects a fall of 0.7%. Two days before the election, the government had to accept lower growth for 2011 at 0.8% against 1.3%, less than half that expected by Brussels in the euro area.

Occupation: the red lantern of Europe

This is the black point of the Spanish economy fast cash without a hassle.With more than 22% Madrid shows the unemployment rate the highest in the euro area. One in five is unemployed and no improvement is expected in the short to medium term. Affected sectors, construction and real estate have lost more than 1.4 million jobs since 2007, while 700,000 jobs were destroyed in the industry. Are the front line jobs with low qualifications, young people without experience and foreign populations. The long-term unemployment has risen sharply, increasing the risk of dangerously exclusion. This file will be the priority of the next majority. Structural reform, initiated by the Zapatero government, to more flexible labor market, had no positive effect on job creation.

Damaged property market beating down the banks

In 2003, real estate euphoria, he built over 700,000 homes per year.

Asian markets see red on Tuesday, like their American and European counterparts. After a brief period of optimism following the European Agreement on the debt control, "the market's attention is focused on implementing the plan, wondering when banks will be recapitalized and if additional funds can be allocated to the European financial stability, "said Kazuhiro Takahashi, broker at Daiwa Securities, quoted by Dow Jones Newswires.

The Tokyo Stock Exchange and ended the session down sharply from 1.70% to 8835.52 points. The broader Topix index has in turn yielded 1.25% to 754.50 points. In Japan, the export sector still suffers from a weak yen against the dollar only after direct intervention from the Japanese government on the foreign exchange market to weaken the outbreak of the currency.On Tuesday, the dollar stood at just above 78 yen and the euro around 108 yen, well below their value on Monday. "We are engaged in a war of nerves" with speculators, said Japanese Finance Minister Jun Azumi at a press conference.

Toyota lost 1.82%, Mitsubishi and Nissan Motor 1.90%. The automotive sector has not benefited from the announcement of an increase of 28.3% of new vehicle sales in October. TDK has, however increased by 3.67%, even after the publication of a net profit, down to $ 56.6 million in the third quarter. Toshiba has gained 1.43% despite announcing a 19% drop in quarterly profits. Other value of the day in Tokyo: Panasonic, which has lost 5.07%.The rating agency Moody's said it may lower the rating of long-term debt of the Japanese electronics giant, because of the poor profitability of its TV and semiconductor and high costs of Restructuring.

Oil down

Moreover, time is also reduced. The Stock Exchange of Hong Kong and Shanghai respectively, losing 1.97% and 0.11%. The Korean Kospi is in equilibrium, an increase of 0.03%, the S & P lost 1.52% Australian and Indian Sensex drops 0.80%. In Sydney, the mining sector was battered in the wake of the raw materials: BHP Billiton lost 2.72% and 2.98% Rio Tinto. Same thing in Hong Kong where Aluminum Corp. 4.38% loose.

Oil prices were down after the announcement of the bankruptcy of U.S. broker MF Global Fund and new fears about the debt crisis in the euro area.

Nothing tempers the optimism of Flemming Morgan, head of the division of Danone Medical Nutrition. Four years have joined the global leader in fresh dairy products, it wants to move up a gear. "We want to accelerate the growth of our business, says Scot, who runs for five years the former business of Numico, which was acquired in 2007. We want to innovate and introduce new segments of medical nutrition in new countries. "

Medical nutrition business is the most misunderstood of Danone, which represents only a third of sales of Activia. In annual growth of 10% in four years is the most profitable activity of the group.One that Franck Riboud, Danone CEO, says she has "tremendous potential mechanical unstoppable" because of the aging world population, the spread of diseases such as diabetes and allergies, or the progression of plagues such as cancer and Alzheimer's disease.

This is a world market for $ 8 billion still focus on Europe and the United States. A new hunting ground for agribusiness payday loan lenders. Danone and Nestle also covet the nutrition branch of Pfizer. "We are halfway between food and pharmaceuticals, says Flemming Morgan, claiming first place in Europe at Abbott and Nestle. We develop our products with a pharmaceutical approach, but they are nevertheless food.This is not about to replace drugs but to provide complementary solutions. "Danone has brought his knowledge of consumer tastes and textures by improving products.

Specific segments

These are not sold in supermarkets but in half pharmacies generally prescribed and reimbursed. Administered orally or by means of a tube or a tube, they are also prescribed in hospitals and nursing homes. Faced with GPs overwhelmed and poorly trained in nutrition, Danone is betting on its relations with researchers or with associations to serve as opinion leaders.

Danone has chosen to focus on specific segments. Neocate Infant with his powder, it offers an alternative to milk for babies allergic to cow's milk.

Optimism is more than up to the Paris Stock Exchange on Monday. After increasing by 0.61% at the opening in the wake of the Asian markets, up sharply, the CAC 40 is pressed into the red after the release of poor figures on economic activity in the euro area, dropping 0, 31% to 3162.59 points shortly before 14 hours.

Private activity has accelerated its decline in October in the euro area, the PMI reaching 47.2 against 49.1 in September when he was dropped below 50 points for the first time in two years, indicating a decline in activity. France is no exception to this trend, since the firm Markit PMI index fell to lowest in 29 months, to 46.8 points against 50.2 in September.Note that in France, business failures showed a sharp rise of 19.4% in May, a month after three consecutive monthly declines, said Monday the National Institute of Statistics.

The prospect of a solution to the debt crisis in the euro zone after the EU summit this weekend has not been sufficient to support the CAC 40. Meeting in Brussels, Nicolas Sarkozy and Angela Merkel Sunday near their positions on the key issue of European bailout fund and its clout in the marketplace. However, on request of Germany, the final decision will be taken until the night of Wednesday to Thursday, after another conclave of crisis. Considering the situation "very complex", Nicolas Sarkozy has sought reassurance "negotiations progress on the issue of banks on the issue of Greece, things are progressing," he said.Selun President of the Republic, "a broad agreement is emerging on strengthening the EFSF."

For its part, Angela Merkel added that the proposed model does not imply the ECB, as advocated by France. Clearly, the European bailout fund (EFSF) leverage its resources, but no new States' contribution of the euro, or use means unlimited in principle of the ECB. With leverage, the EFSF-today with $ 440 billion, and could see his strike force raised in 1000 or € 1500 billion.

In addition, the euro area is considering creating a special fund that could be echoed by emerging countries to stem the debt crisis. China has expressed particular the possibility of financial support.Still, this idea is controversial, some states are reluctant to explicitly request the help of Beijing, according to diplomatic sources cited by AFP.

Tensions within the 27 Member States

Until particularly critical of the slow pace until the European Union to manage the crisis, the International Monetary Fund, through its Executive Director Christine Lagarde, immediately praised the "very good progress" Sunday . "It was really an effective meeting, and I hope it is really in the right direction for Wednesday," she insisted.

However, the rising discontent among the ten states of the European Union not members of the euro area, Britain in the lead, complaining of the increasing willingness of states using the common currency to make decisions without consulting them."The crisis in the euro area affects all our economies, including that of Great Britain", insisted the British Prime Minister David Cameron on Sunday. Of tit for tat, Nicolas Sarkozy replied: "We are tired of hearing you criticize us and tell us what we have to do," the French president would have dropped according to the Daily Telegraph and The Guardian, quoting diplomatic sources .

Another measure expected: the Atlantic, Barack Obama will unveil this week a series of initiatives to support the economy and that will not require congressional approval, said an official of the White House.The U.S. president will announce such a measure to facilitate the refinancing of mortgages for Americans own their homes bad credit payday loans.

Activity contracted in France in October

On the macroeconomic front, Markit publishes this morning the Flash PMI in October measuring the level of activity in the private sector in several European countries. In France, the composite index fell to 46.8 from 50.2 in September, falling below 50 which separates growth and contraction. In other words, the activity in the private sector in France shrank in October for the first time since mid-2009, through reducing the risk of recession.In Germany, private sector activity in October also falls in the area of ​​decline, with a composite index stood at 48.9, while analysts expected a growth in activity across the Rhine over the month.

Orders to industry in the euro area will be published early in the afternoon.

For its part, the ECB will publish its report weekly purchases sovereign debt at 15.30.

Oil prices were up in early trade Monday morning in electronic trading in the morning, a barrel of "light sweet crude" for December delivery gained 8 cents to 87.48 dollars on the New York Mercantile Exchange. Hand currency, the euro is stable against the dollar on Monday, the single currency displayed in the balance dollars 1.389 (-0.02%).

Bank stocks on Monday surrounded by very

The list of the progressions in the CAC 40 is dominated by the Monday morning increases of bank stocks, buoyed by hopes of an early solution to the debt crisis in Europe. Thus, BNP Paribas gained 0.25% to 31.86 euros. Allows itself Societe Generale 2.87% to 19.50 euros and Credit Agricole advance of 1.26% to 4.90 euros.

Outside the CAC 40, Faurecia (4.38% to 18.36 euros) stands up.The French automotive supplier controlled by PSA Peugeot Citroen, saw a 16% increase in sales in the third quarter to 3.8 billion euros, and confirmed its annual forecast.

The values ​​next to the lowest market-oriented Paris on Monday morning located Peugeot (-1.89% to 16.62 euros), Yellow Pages (-1.57% to 3.01 euros) and Mercyalis (-1 , 83% to 26.28 euros).

The land in the spotlight

• Gecina (0, 82% to 68.84 euros)

The land identified for the first nine months of a recurring profit of 239.8 million euros, down 8.5%, according to a statement. At six months, the decline of this indicator management was limited to 7.8%. The group does not publish its net profit for the period. He cashed for 476.5 million euros in gross rents on these nine nine months, up 2.9% over the same period in 2010.Gecina confirms its forecast of a recurring profit down 7% for the entire year.

• Icade (-1.08% to 64.30 euros)

The group released Monday property sales up 11% in the first nine months of 2011, thanks in particular to the full-year effect of the acquisition of Compagnie la Lucette. Its sales reached 1,065.8 million at September 30.

• Renault (0.40% to 27.63 euros)

The automaker expects to see its sales volumes grow in the range of 2 to 8% this year, said Carlos Tavares, the deputy CEO of the automaker, in an interview published by Automotive News.

• Sanofi (1.06% to 51.51 euros)

The pharmaceutical company announced that Lemtrada, a drug to fight against multiple sclerosis, was more effective in preventing relapse than medication legacy developed by Germany's Merck.

• April Group (3.15% to 11.95 euros) and Seb (2.36% to 59.95 euros) will also publish their turnover in the third quarter. While STMicroelectronics (0.34% to 5.33 euros) will report its third quarter results.