Swiss made

in all market segments with gross sales in 2002 at 4 billion Swiss francs (swatchgroup.com) They have 14 different watch brands that each position themselves on different fashion and price segments of the market (www.swatch.com). However, Swatch Group has seen a decrease in profits in 2003, reflecting the slowing of growth in mature watch markets (Xinhua). Furthermore, most watches sold in Australia are imported and imports from Swiss watch makers have declined in Australia by 11.4% in recent years

International Managerial decision Making : Nestlé. Introduction : Nestlé S.A. Is a Swiss multinational company, the world's leading Nutrition, Health and Wellness company with sales of over $103billion (2008). Its produces a wide range of foods and beverages, and owns a lot of brands such as Nescafe, Kit-Kat. Nestlé was founded in 1866 by the pharmacist Henri Nestlé who in the beginning invented milk powder to feed babies. Chocolate, confectionery, water, instant beverages, fresh dairy products

shape of perseveration engine. Finally, was noticed in certain cases a secondarily insane evolution. Cannot we interpret then the syndrome of Diogène as precursor of an insanity, and underline the interest of forward-looking studies in which would be made balance sheets psychometrics and examinations of intellectual imaging? In France, Monfort, in its work of psychogériatrie, classifies the syndrome of Diogène in the neurosises of involution. A French study realized by Taurand and al ., studied the

Il porte des chiffres ou des repères permettant de lire l'heure selon les positions des aiguilles (ou autres pièces mobiles). Souvent décoré, il indique aussi la marque de fabrique, le type de la montre et, le cas échéant, la provenance suisse Swiss Made .Il est généralement en laiton et peut être recouvert de peinture, de laque ou d'émail. Il peut également être guilloché, donnant ainsi au métal des décorations en relief. Certaines montres n'ont pas de cadran afin de pouvoir observer le mouvement

pourrait être délocalisée plus massivement en Asie. Il profiterait alors de bas coûts de main-d'oeuvre et ne serait plus pénalisé par la force du franc suisse. Mais comme l'explique un professionnel du groupe : le management est très attaché au label « swiss-made ».

and to Hong-Kong. In 1996, AXA begin its activities in Morocco by the repurchase of “Insurance Al Amane ". In 2007, AXA increases its presence in Switzerland with the purchase of National Switzerland Assurance (French subsidiary of national Swiss). In 2008, AXA buys the third Mexican company ING Seguros. AXA is the third world insurer by market capitalization, behind the American AIG and the insurer Berkshire Hathaway. Key figures Nature of the company AXA is a limited

died in 1957, Francois Dalle took over as CEO. In 1963 L’Oreal went public. In 1973, to avoid interference from left-wind politicians, Dalle convinced the founder’s daughter, Lilaine Bettencourt, to dilute her majority stake. In a complex deal, the Swiss food-products company, Nestle, took a 49% stake in the company Gesparal, the other 51% being owned by Bettencourt, Gesparal in turn acquired just over half of L’Oreal’s stock. In an agreement between Nestle and Lilaine Bettencourt, the company’s share

. . . . . . 11 The Inner Unit and the Sling Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . The Basis for an Outer Unit Exercise Program . . . . . . . . . . . . . . . . . . . . . . . . . . Alternating Dumbbell Press on Swiss Ball . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Lunge—Static and Dynamic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bent-over Rows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

assets & current liabilities Return on equity Return on average equity Return on invested capital Ratio of shareholders' equity to net premiums written (for insurance companies) Swiss tax index; 100 = average tax burden of all cantons Tier 1 capital divided by risk-weighted assets; describes a bank's capital adequacy Trillion Swiss company identifier Weighted average cost of capital UBS Wealth Management Research Year-over-year; year on year Year-to-date Corporate Update 5 UBS Wealth Management

le luxe la pluparts des produits restent encore fabriqués en Europe et sont vendus à l’étranger. produits +accessibles Distribution+ proches des clients Distribution + proche des clients Partout dans le monde… =Mondialisation mais : surtout made in Europe et vendu à l’international. LE MARCHE DU LUXE EN EUROPE Présentation générale : L’Europe : un marché directeur L’Europe : berceau historique du luxe Pour les marques de luxe européennes : =contenu, valeur ajoutée