Offer rejected by F&P
Will Haier sweeten the offer?
F&P claims others still looking at making an offer
New Zealand Herald
Haier to acquire F&P for $564 million
National Business Review of New Zealand reports that Chinese appliance maker Haier, plans to increase stake in Fisher Paykel from its current 20% holdings all the way up to 100%. The whole enchilada.
Did this whole bloody long collapse start with the decision to acquire DCS and fire the DCS distributor network?
Was the collapse of Fisher Paykel driven by some mis-placed decimal point on a DCS acquisition strategy paper? Assumptions of sales and margins without distributors, all of which supported some crazy price for the DCS company?
Or was it an original sin; the idea that a company could launch a brand from scratch in the largest market in the world without 2-step distrubtion, but with a gold plated private sales force?
We imagine only the accountants know for sure.
Want to see where the End Began?
Fisher Paykel Buys DCS: Effects and Summary