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In a carefully worded reprimand, Mr. Loeb outlined what he called "chronically weak operating margins and deteriorating competitive position relative to Christie's," Sotheby's main rival, and said he was not persuaded by management's explanation for why Sotheby's market share was lower than Christie's.
Similar(55)
The report backed the argument in favour of expanding Heathrow in last week's pre-budget report, warning that without a new runway its competitive position would deteriorate "to the disadvantage of the UK economy and to the advantage of continental hub airports which are continuing to grow".
What is its competitive position?
"Kimberly has been in a difficult competitive position.
But they have also benefited from an impregnable competitive position.
But the steel industry failed to obtain another measure it wanted to help its competitive position.
We can do it without compromising our competitive position economically in the world".
"We will rely on the party apparatus to remain in a competitive position".
The company's competitive position has shrunk as other video recorders have become available.
"The weaker pound is expected to improve [the] UK's short-term competitive position on exports.
"We believe we will be able to maintain our competitive position".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com