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Archive for October, 2010

IKEA and France: Success in easy steps

Posted by Invest in France Agency in Country focus; October 29, 2010

In 1981, a peculiar blue box opened its doors in the Bobigny shopping center just outside Paris. It’s hard to believe that back then those four giant yellow letters I-K-E-A meant nothing to the motorists stuck in traffic passing by. Thirty years later the Swedish company has become such a leading name, a must-have even, in the world of furniture and interior design.

Its success can be measured in numbers: there are over 9,000 employees working for IKEA in France, most of them in the 28 blue and yellow stores that attract 51 million people every year. The two most recent outlets opened this year in Avignon and Thillois, just outside Reims, creating 350 and 300 jobs respectively.

The French pharmaceutical industry continues to attract foreign labs

Posted by Invest in France Agency in Innovation and R&D, Sectors of excellence; October 15, 2010
The French pharmaceutical industry continues to attract foreign labs

The French pharmaceutical industry continues to attract foreign labs

France and its pharmaceutical industry are in good health. The latest proof came just a month ago when the world’s second largest pharmaceutical company, British-American laboratory GlaxoSmithKline (GSK), made a €51 million investment in France. This considerable sum is to be spent on the new François Hyafil research center in the Paris region (Ile-de-France), which is tasked with discovering new medications for diseases like diabetes and obesity.

And GSK’s investment project is no one-off: France continues to be the destination of choice for medical research and manufacturing, as clearly shown in a 2009 survey conducted by AEC Partners on “the attractiveness and competitiveness of France”, commissioned by LEEM, the French pharmaceutical companies association. The 20 or so pharmaceutical multinationals polled for the survey believe that “for its size, France is one of the two major European markets and the third largest market in the world, after the United States and Japan”. And that’s not all, because France has also been Europe’s leading producer of medications for nearly 15 years.

Investment and partnerships

Posted by Invest in France Agency in Country focus, Message from the Ambassador; October 12, 2010

Last month, I visited Brazil, China and GCC countries and from these visits I have been able to draw three conclusions:

  • In these countries, economic growth is offering investors considerable opportunities. However, companies looking for openings and springboards for growth are being led to invest overseas. Whether they are Chinese or Brazilian, these investors cannot fail to overlook Europe, the leading economy and largest market in the world, at the heart of which France stands considered as a fast-reacting, innovative industrial power.

Christine Lagarde: “France welcomes Russian companies”

Posted by Invest in France Agency in Country focus, Innovation and R&D; October 8, 2010

After more than 300 years, trade relations between France and Russia continue to strengthen. During her trip to Moscow for the “Russia Calling!” investment forum, Christine Lagarde was invited on October 7, 2010 to appear on Russian TV station Vesti24.

The French Minister for the Economy, Industry and Employment emphasized France’s resilience during the global economic crisis. “The economic stimulus measures we have taken are working well,” she explained, stating that “figures are expected to improve further in 2010.” The Minister plans to build on three foundations to boost growth and development: research and innovation, education and career training, and private investment, specifically from foreign companies. On this note, Christine Lagarde pointed out to Vesti24’s viewers that while “France is investing a lot in Russia, Russian companies are just as welcome in France”. The 20 Russian companies with businesses in France and the 3,000 jobs they have created are a good sign they are already listening.

Shiseido in France – celebrating 30 years of success

Posted by Invest in France Agency in Country focus, Events, Sectors of excellence; October 1, 2010

France is a source of inspiration for the cosmetics industry, with leading firms like L’Oréal and more recently Natura from Brazil. And it is this gift which frequently drives major trends in fashion and luxury products onto the radar of key industry players worldwide.

Japanese firm Shiseido is no exception: “Paris has fueled the Shiseido culture,” confides Shinzo Maeda, CEO of the group. The Japanese giant is celebrating 30 years in the French market by holding a contemporary art exhibit in Paris. Theirs is a success story that has unfolded one step at a time.