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"It's a hugely profitable, strong business," she added.
Fischer says Felix Capital was attracted by "a fast-growing, profitable, strong media brand that has built a highly loyal and engaged global audience.
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"We see no reason why a company that is profitable, with strong levels of capital and liquidity, and that continues to lend actively should be considered for nationalization," he said in a statement.
Beyond the hope that the planned revamp would create a more profitable and stronger UBS, there is a desire to move on from the recent turbulent times.
In line with our expectations, larger, less profitable, and stronger growing companies with a higher absolute cash flow from operations have a greater probability of adopting IFRS.
They pick the 60 to 80 stocks in the fund mostly from among 3,000 to 4,000 United States stocks with market capitalizations below $2 billion and seek solid growth companies with profitable businesses and strong management teams.
Most are not profitable, but their strong brand recognition and rising revenue could help them achieve profitability.
"That's a strong, profitable business," she said.
"This is a very strong, profitable industry," Mr. Riedel said.
The group's Fired Earth tiles brand continued to see strong, profitable growth.
Though margins have shrunk, Hot Topic remains profitable, with a strong balance sheet, he added.
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