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Bank competition benefit questioned
Financial Times 8/22/2010
by Sharlene Goff
The UK government's drive to increase competition in the retail banking market is heading in the wrong direction, according to a study that suggests a highly fragmented industry could pose a greater risk to consumers. Matt Symonds, retail banking partner at Bain & Company, warned that an influx of entrants into the UK market could have the reverse effect of encouraging lenders to take more risk as they chase new business. "The long-term focus has to be stability over competition," said Mr Symonds. "The incremental benefits of increasing the number of players in the market falls off quite fast."
Go to Financial Times
Shoes, the musical: the shoe must go on
Telegraph 8/18/2010
by Naomi West
Two years ago the downturn seemed likely to nix our feverish desire to accumulate shoes, shoes and more shoes. But it turns out they are the one luxury purchase that is barely grazed by the recession. Tory Frame, the UK head of consumer products at the consulting firm Bain & Company, confirms this: 'In the past couple of years shoes have been the best-performing luxury category, overtaking bags.' In a worldwide study of the luxury market, the company noted that the market for shoes grew by two per cent in 2008 and contracted by half a percentage point in 2009.
Go to Telegraph
Leading Growth Strategy and Performance Improvement expert Andrew Tymms joins Bain & Company's Johannesburg office
Bain & Company press release 8/2/2010
Andrew Tymms, a Bain & Company partner, is joining the global consulting firm's leadership team in South Africa, where he will bring his broad, cross-industry knowledge and long track record of creating real results to clients in the region. Mr. Tymms, an acknowledged expert in helping companies create and sustain profitable growth, will have a primary focus on helping Bain clients in the financial services, private equity and retailing sectors build effective and globally competitive organizations. Tymms' relocation to Bain's Johannesburg office, from the global consulting firm's London office is effective immediately, and further strengthens Bain's commitment to its growing pan-African client roster and senior leadership team.
How to give it: Jenny Davis-Peccoud
Financial Times 7/31/2010
by Angus Watson
This is an interview with Jenny Davis-Peccoud, 39, who is a senior director of management consultants Bain & Company's global organization practice. She is head of the firm's Bain Cares network, which links and bolsters charitable work across the firm's worldwide offices.
Go to Financial Times
Funding 'tsunami' could fuel renewables consolidation
The Wall Street Journal 7/12/2010
by Jacob Plieth
The wind sector is ripe for consolidation, faced as it is with logistical, physical, planning and financing headwinds, combined with supply chain constraints and project delays. "There's less money flowing and governments are more sensitive, trying to combine a long-term vision with short-term agendas," said Julian Critchlow, head of Bain & Company's U.K./Europe utilities practice, "and yet there is a huge tsunami of investment needed."
Go to The Wall Street Journal
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