A Capital bets on B&O’s China growth story
Just three months ago, 87-year-old Danish electronics manufacturer Bang & Olufsen (B&O) announced worse-than-expected third quarter results: revenue was down 7% year-on-year while pre-tax profit fell by 37%. The company blamed poor sales in Europe and product launch delays.
Like many global retail companies, B&O has been exploring opportunities in China and other emerging markets in order to offset weak demand in the West. In the last 12 months, the company has acquired operations...
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