Development in Central Europe Includes Food Processing Business

The economic integration of Central European countries to the EU started in the beginning of the 1990's. ESSEC Business School, in partnership with Warsaw Agricultural University SGGW, and food companies have heavily invested in Central Europe, particularly Poland, before May 1, 2004 the official date of the EU enlargement to 8 Central European Countries: Estonia, Hungary, Latvia, Lithuania, Poland, the Czech Republic, Slovenia and Slovakia. With more than half the population and business activity of these countries, Poland is the « big » Central European country. Four food industry managers from those countries provide their point of view.Central Europe, Development, Food, Business, Investment, Agribusiness,

Typology and Financial Performance of Champagne Makers According to Distribution Channel

A typology of strategies related to the distribution channels used by Champagne makers is established. Champagne makers' operating profit depends on their distribution network, which affects selling prices. Based on a sample of 20 Champagne makers ("Maisons de Champagne"), economic and financial performance indicators for Champagne makers are analyzed with reference to the type of distribution channel.Champagne, Distribution channel, Strategy, Performance, Agribusiness, Industrial Organization,

VALUATION OF TARGET FIRMS ACQUIRED IN THE FOOD SECTOR DURING THE 1996-2001 WAVE

The paper studies valuation ratios of food companies that were part of mergers & acquisitions (M&A) involving at least one French company during the 1996-2001 period. Results converge to value the food company 1.1 to 1.4 times its turnover. There is no significant difference of "valuation to turnover" ratios among M&A involving only French firms and M&A involving companies from different countries. Corporate valuation may differ according to food sub-sector.Agribusiness,

The Financial Value of Champagne Houses in a Cobweb Economy

The objective of the paper is to simulate the corporate value of Champagne makers by taking into account the Champagne market evolution. These measurements are conducted by linking financial debt, performance and valuation to a vertical coordination model of production-consumption within a cobweb economy. The overall model uses the dynamic structure that underlies the strategic interactions amongst grape producers and wine makers. These segments coordinate grape production and trade by forming expectations about final consumption, price and stock risks. The paper examines the dynamics of the financial cash flows and net worth of Champagne houses for the 1977 – 2003 period using system dynamics (SD) modeling principles. The results presented in this paper report on key financial indicators for that period for financial debt, performance and valuation of Champagne makers. It provides a sound basis to pursue this work, because the model can further enhanced to anticipate the possible value Champagne makers for the coming crucial years since the Champagne appellation has reached its geographical limit determined by the protected designation of origin (PDO), while worldwide demand continues to grow.financial valuation, vertical coordination, cobweb economy, system dynamics, price expectations, Champagne, wine, Agribusiness, Agricultural and Food Policy, Farm Management, Food Consumption/Nutrition/Food Safety, Industrial Organization,

Planet-proofing the global food system

Without a great food system transformation, the world will fail to deliver both on the United Nations Sustainable Development Goals and the Paris Climate Agreement. There are five grand challenges to be faced, by science and society, to effect that transformation

Text-based Semantic Annotation Service for Multimedia Content in the Esperonto project

Within the Esperonto project, an integration of NLP, ontologies and other knowledge bases, is being performed with the goal to implement a semantic annotation service that upgrades the actual Web towards the emerging Semantic Web. Research is being currently conducted on how to apply the Esperonto semantic annotation service to text material associated with still images in web pages. In doing so, the project will allow for semantic querying of still images in the web, but also (automatically) create a large set of text-based semantic annotations of still images, which can be used by the Multimedia community in order to support the task of content indexing of image material, possibly combining the Esperonto type of annotations with the annotations resulting from image analysis

From Extremal Trajectories to Token Deaths in P-time Event Graphs

In this technical note, we consider the (max,+) model of P-time Event Graphs whose behaviors are defined by lower and upper bound constraints. The extremal trajectories of the system starting from an initial interval are characterized with a particular series of matrices for a given finite horizon. Two dual polynomial algorithms are proposed to check the existence of feasible trajectories. The series of matrices are used in the determination of the maximal horizon of consistency and the calculation of the date of the first token deaths