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They see the highly fragmented business as the perfect target.
Theirs is a highly fragmented business, consisting of perhaps 1,300 firms around the world.
The markups are high because eyeglass retailing is a very fragmented business.
What was traditionally a disorganised and fragmented business is now far better managed, and it is consolidating fast.
"From a very fragmented business 20 years ago, it has now become very concentrated with Swatch on one side, Richemont on the other, and LVMH on the third," he said.
But unlike the situation in mainland China, where the supermarket sector is a fast-growing and highly fragmented business, the sector in Hong Kong is considerably saturated and sales growth has slowed in recent years, according to analysts.
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Anixter is simply doing what so many other businesspeople are doing these days: consolidating fragmented businesses.
A favorite m.o. is to use small assets in fragmented businesses to bag bigger game.
Both were produced in aging, undercapitalized plants; perishability dictated that each had to be shipped directly to stores; both were highly fragmented businesses.
At the time Vadon was less than two years out of Stanford business school and working for consulting firm Bain &Co., advising clients doing "roll-up" acquisitions in fragmented businesses.
With more than 20 million RealAudio players in distribution and 10 million to12 million RealVideo players in regular use, claims Progressive Networks, the company is by far the leader in this much-fragmented business.
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