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A spokesman for the chain said that it represented its diversified menu, which was moving away from solely fried products.
The M. A. Hanna Company said today that it had sold its diversified polymer products business in Dyersburg, Tenn., to an investment group that includes members of the division's management team.
U.S. Industries Inc., a manufacturer of Jacuzzi whirlpools, said yesterday that it planned to sell its diversified business unit to Vectura Holdings L.L.C., a Citicorp venture-capital unit, for about $600 million in cash and notes.
But it is unlikely to change its diversified strategy until 2002 when its chief executive, Manfred Schneider, retires.
And its diversified course offerings insulate it from a serious downturn in any one sector.
While the majority of Great Southern's activity was in the sale of managed investment schemes, in 2007 it diversified into funds management through the purchase of Rural Funds Management Ltd, retaining its diversified agricultural assets fund and offering a new share fund and a blended property fund.
For its part, Wells Fargo is confident that its diversified business model will allow it to prosper over time, if not every single quarter.
Taking a look at the situation surround the high-profile private equity firm's listed fund, Carlyle Capital, Breakingviews finds it odd that the buyout shop known for its diversified and sophisticated investing is now watching as its affiliate that invests in debt securities finds itself on the brink after making a relatively simple bet on agency securities.
Its diversified portfolio, she said, coupled with some timely selling, helped it to weather the crash of technology stocks better than many growth-oriented funds and other best-ideas funds.
Meanwhile, Johnson & Johnson, usually seen as stronger than other pharma companies because of its diversified businesses in medical devices and consumer products, recently announced it is cutting 8,000 jobs, 7% of its total workforce.
Its diversified economy includes strong manufacturing, agriculture, and service sectors.
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