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Highlights: November 2000 Issue

Exclusive Interview: Wilbur Ross, Chairman, WL Ross & Co. (Part One)

We will have "the largest foreign-owned financial products distribution system in Japan," proclaims investment banker Wilbur L. Ross, Jr., leader of the US investor group acquiring bankrupt Japanese regional banks Kofuku and Tokyo Sowa.  And, "we are very eager to participate in what we see as a very radical transformation of the auto parts industry in Japan," says the acquiror of Japanese auto parts company Nikko Electric.

Ross has been involved in some of the most famous bankruptcy and turnaround cases of recent decades, including Drexel Burnham Lambert, Donald Trump's Taj Mahal casino, Banco di Napoli, Texaco, and Trans World Airlines. Now, as head of the Asia Recovery Fund, he has recently turned his attention to Japan and Korea.

How were the Japan deals executed?  How will the investments be structured?  What is the business plan for these and other possible Japan acquisitions going forward?   While Ripplewood's acquisition of Long-Term Credit Bank (Shinsei Bank) garnered more media attention, Ross's retail banking acquisitions will actually have as great an impact.

Ross discusses these recent Japan deals, as well as his group's bankruptcy acquisition strategy in Japan, in Part One of an exclusive, in-depth interview with Success Stories: Japan.  Corporate executives, bankers, and bankruptcy lawyers interested in executing Japan acquisitions, as well as observers interested in how Japan's business environment is being transformed by foreign companies, cannot afford to miss this issue.

Nestle Japan: Partnering for Distribution

Last year, Nestle Japan made a major step forward in the beverage business by acquiring the vending machine network of Japanese coffee marketer UCC Ueshima.  Along with recent alliances it has made with dairy giant Snow Brand Milk, coffee maker Pokka, and Itochu-affiliated catered products maker Yayoi, Nestle is poised to transform its many food businesses in Japan.  Nestle's Japan president offers his observations on Nestle's challenges, and how it does business, in the world's second-largest food market.

Japan Insight: Get the Scoop

General Dynamics subsidiary to sell bio-detection devices to Japan's National Police Agency; JC Penney Direct may be considering Japan entry;  An analysis of the budgets, and sources of revenue, for some local (municipal) governments in Japan, reveals alot...

From the Editors

Information technology (IT) is the next 'public works' program.  Go get it...

Plus much more...

Click here to subscribe, or order this back issue after February 1, 2001

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