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Posts Tagged ‘Osim’

But you did lose money, didn’t you, Osim?

In Uncategorized on 07/04/2010 at 5:49 am

But you did lose money didn’t you? And share prices collapsed? A case of positive thinking carried too far. Or are the PR BEers trying too hard. A balls-up is a balls-up. Clean up the mess (which Osim did) and move on (which it doesn’t seem to want to do).

Although its acquisition of American retailer Brookstone in 2005 did not generate the results it expected, the company came out of the whole episode ‘enriched’, says OSIM founder and CEO Ron Sim.

‘I’m actually enriched and empowered with this experience,’ Mr Sim tells BT. ‘I actually won a lot of things. I would say today, nobody else has such an experience like us – a first-hand experience of a leveraged buyout, a first-hand experience of turning a financial engineering buyout into an effective company. So if you look deep, actually we are all enriched.’ (Excerpt from BT article.)

Gee what next, Mr Sim? Santa Claus or the tooth fairy will turn that loss into a financial profit? Maybe in Bizzaro Universe. Not in this.

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