Consumer Business Recap: Chipotle SPARS With Taco Bell, Ford LOVES Asia
Business conditions for big consumer names such as Procter & Gamble Co. (NYSE:PG) and Unilever Plc (NYSE:UL) are changing in China. Once upon a time, they and other purveyors of household goods in that country only had to worry about counterfeit products, but nowadays, local companies are taking market share away as their advertising and packaging becomes more sophisticated. However, the two majors are give the impression that they are not that worried.
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It’s Chipotle Mexican Grill, Inc. (NYSE:CMG) versus Taco Bell (NYSE:YUM). Minyanville contends that the impact of the Taco Bell’s new Cantina Bell menu on Chipotle’s soaring growth might be overdone, as the rationale has it that Chipotle still claims to have superior food offerings and also that customers will “buy the experience”. That argument has it that these factors should keep the chain entrenched as the more likely destination for lunchtime engagements.
Ford Motor Company (NYSE:F) reports that its new factories in Asia will be able to build up to 7 different vehicle models as its adds flexibility to its facilities in that region. It’s predicted that Ford might see the Asia Pacific Africa region provide nearly a third of all its worldwide sales by the middle of the current decade.
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