Blog: Leonie BarrieLectra looks ahead

Leonie Barrie | 9 January 2004

I spoke with Lectra CEO Daniel Harari this-morning, still euphoric at the response to his company’s 51.5 million euros purchase of Spanish rival Investronica earlier this week. Still waiting for official feedback from customers, he was relieved that the acquisition had been greeted so warmly in the financial markets – a 20 per cent hike in share price in two days. And the deal finally lays to rest the jostling for pole position that has characterised the relationship between Lectra and Gerber over the past few years.

Daniel believes CAD/CAM installations in the Far East, Eastern Europe and North Africa will continue to grow since “companies have no choice but to invest to be competitive.” And when I asked him whether it was necessarily a good thing to have less choice in terms of CAD/CAM vendors, he replied: “What counts for customers is to have the best payback and best value for money. Our job is to make sure our customers are more efficient and make more money. I don’t think it’s better to have more competitors on the market; I think it’s better to get more for your money.” Based on Lectra's recent track record, it's hard to argue.

FRANCE: Lectra Buys Investronica In EUR51.5m Deal


BLOG

Trump and Brexit generate more confusion

Over the past month, Donald Trump and his team failed to offer any clear plan to ensure Americans would "Buy American, Hire American" - while the British government's attempts to clarify the specifics...

BLOG

Bangladesh works to resolve labour activist issues

The Bangladesh government was forced to respond late last week to pressure over its crackdown on labour activists after a number of global brands and retailers, including H&M and Inditex announced pla...

BLOG

US border tax a contentious issue

Fresh from their disappointment at seeing the Trans-Pacific Partnership (TPP) free trade deal abandoned last month with an executive order by President Donald Trump, the US apparel and footwear sector...

BLOG

Primark's sustainable cotton programme takes shape

With the ultimate aim of ensuring all the cotton in its products is sourced sustainably, value clothing retailer Primark is adamant that having a business model focused on offering the lowest prices o...

just-style homepage



Forgot your password?