As First Brands Headed for Failure, Its Founder Spent Big in Europe

Grant Thornton International Ltd. is exploring options for its Indian unit, which is valued at $2 billion. A senior executive in India indicated that the company is considering a potential minority stake sale or a merger with its operations in the US or Europe.

Distressed firms in Europe are experiencing a rapid decline in earnings, indicating that traditional methods of debt management are failing. The sticking-plaster approach, which involves temporary fixes, is no longer effective for these companies facing financial difficulties. This trend raises concerns about the sustainability of their operations and the broader implications for the market.

The article discusses the potential of coalitions of the willing as a pragmatic approach to federalism in Europe. It suggests that this method could facilitate progress on significant issues, promoting a more unified European Union. The concept emphasizes collaboration among member states that are ready to work together on specific challenges, rather than requiring unanimous agreement from all countries. This approach may lead to more effective governance and quicker responses to pressing matters facing Europe.

The article discusses how uncertainty in U.S. policy is influencing companies to seek opportunities in Europe, particularly in Ireland. The individual responsible for attracting foreign direct investment into Ireland provides insights on this trend, highlighting the impact of U.S. policy on business decisions and the shift towards European markets.