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Fierce debate over “bankruptcy tourism” French conglomerate Vivendi has called on Jean-Rene Fourtou, who already saved the company once a decade ago, to take the wheel again.
The 72-year-old, internally dubbed the “grandpa gunman” at the firm, which analysts say has a business model that is “dead”, is expected to break up the six branches of the company to restore share values, currently at a nine-year low.
More about: Business, Business bankruptcy, France, MarketsCopyright © 2013 euronews
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