In early 2011 Bang & Olufsen appointed Experian to help the company identify new towns where it could open franchise stores in the UK.
This is not unusual as most companies at some time or another turn to specialist organisations in helping them in increasing sales, discovering new markets or improving others, especially in these days [...]
Despite China, like the rest of the world, being in a “growth recession“, Bang & Olufsen say that it’s not too late to “make it in China”:
“Strong demand from the luxury car industry and a new lower-priced product range will help Danish stereo maker Bang & Olufsen break into the Chinese market and cut its [...]
Bang & Olufsen today reported a bigger-than-expected rise in fourth-quarter profits, helped by new products. The company forecasts stronger profit in the year ahead. Today’s Reuter’s report states that:
“Pretax profits at the maker of upmarket televisions and sound systems rose to 77 million Danish crowns ($12.8 million) in B&O’s March-May fourth quarter from 8.1 million [...]
The economic uncertainties which have plagued the globe since 2008 continue to affect the trading profitability and sales of luxury audio-video equipment from Bang & Olufsen.
Shares fell as much as 5.6%, the most since 15 November 2011 after reporting a second-quarter net income of 28.8 million kroner ($4.94 million). This compares with an average estimate [...]
