jeudi 28 septembre 2017
THE QUEBEC ECONOMY IN DANGER ...
THE QUÉBEC ECONOMY IN DANGER ...
By Bernard Bujold -
The acquisition of Jean Coutu is not a good sign for the Québec economy in the long term because if Jean Coutu was controlled by a private family (the Coutu), Métro is a group entirely controlled by its stockholders and may possibly be one day the target of a share buy-back from an outside group.
As far as Bombardier is concerned, some observers (including myself) are also seeing a possible merger with an outside group, for example a European one. The acquisition of one group by another is always very fragile at the corporate culture level and Tim Horton is the most obvious example of a recent failure (stock transaction in 2014). Since its acquisition by the Burger King Group, it is the deep crisis within Tim Hortons Canadian franchisees.
To be continued...
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