tv Business - News Deutsche Welle October 12, 2023 1:15am-1:31am CEST
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so slowly, gar, he's on top story, as far as using god's, the same old in a 1000 people have been killed by his riley. it strikes the palace to munich territory and gaza has no electricity, as it's on the power station has run out of fuel. is more about coverage on the east, east riley conflict on dw, thanks for watching the kids. it's jackie is changing 6 years ago. we said it can't get any was to, but it does guardians of truth. this time, excel gen liz, turned in dar, meets the voices of a free turkey alter as the other one had to flee into exile. i knew the police would search my house. courageous people are trying to stem the turkish governments all sort of tammy and cools. of some kids,
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but really it's a crime is addressed in the path of trying to take suspense ability for his action . what about freedom of to print and freedom of expression? god uses truth starts october 28th on d, w. the off on a strong footing german samuel maker of birkenstock goes public. we look into the rise of the german coast, brand from from p to fashionable mysteriously missing one of the turnouts biggest corporate ty cohen's as the latest executives to disappear in the country and, and driving growth. we need the women building albinos car on the street from scratch. i might even see now welcome to the show. it's one of the most
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weighted ip zeros of this year. german central maker birkenstock has set foot on the new york stock exchange. it's shares our price at $46.00, that values the company, nearly $9000000000.00. birkenstock has been around for almost 250 years. and now and it's practical footwear upscale consumers around the world. recently it's iconic sandals were featured in the blockbuster movie barbie, and it's working together with luxury brands like new york and monroe lo vondik for more on this month to fish month from our business team joins me. my to this is if you, oh, everyone's watching. tell us more about it. i mean, we're talking about a single maker that's now valued at nearly $9000000000.00 us dollars. that's crazy feed for a company that used to be, you know, sort of counterculture fashion thing and just like us, it's
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a sandal maker that we're talking about. now this was made possible because the owning families sold at stake to a cataract in 2 years. a co which is a private equity group, a financial investor, and they bought the company trended to a global audience, which is all the way the was a global company. but they really choose that up and now bring it to market to sell it for a gain and bringing more cash to the company. right, so big feet there. um, the 1st birkenstock shows uh, were made 250 years ago. so that's a sample, was the story. tell us more about that. yeah, so it was founded in 1774 by one german, adam birkenstock, who early on emphasized medical sound footwear. the company was founded close to frankfort, and it started operating around the city in mid germany, and soon began expanding, going to conferences, talking to doctors,
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to sort of establish this brand as a really comfortable with that also medically, sound shoot. just after world war 2, the introduce was very iconic cork, so that we now know the brand for. and then later on in the sixty's, an american german saw the shoe on a trip to germany and loved it, took it back to the, the states and started importing it. and that was just in time for the hippie movement. and they really embraced it later on. came brands that like the your that embrace the end, these corporations and now we see, you know, barbie as you mentioned, 95 percent of the shoes like the production of issues are still in germany. the company says, and they market it as the sort of, you know, german car on your foot. so it's very well made. you can repair it. it's comfortable and hopefully comfortable, but also fashionable there. plenty of photos of big fashion models like kate moss,
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even wearing them. so it's an interesting span of the sandal. and as i mentioned, the channel used to be very popular in the hippie community, a sign of anti capitalism. now the company's value to the almost $9000000000.00. how do those 2 things going hand in hand? yeah, i mean, so it's quite interesting because there has been a couple of ideas recently with consumer facing brands. and they haven't fared very well. we have a cost of living prices, the prices are going up. so this is a tough business to be in right now. and some of the analysts who are watching this deal and are saying, well, birkenstock has to grow revenue by 50 percent every year until 2030 to sustain that price. and that's unclear if, if the company's able to do that, especially given to the economic cost, right. now now there's other side to this, we are seeing a rising upper middle class globally,
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that is now being able to afford the shoes that are sometimes priced above $200.00 prepare. but this is a sort of highlights this division between an upper middle class that can afford these kind of things and isn't affected by cost of living crisis as much. and people won't be able to afford these channels ever. right. one question, do you have a pair yourself? i do. i loved them and um, but they're sort of falling apart now and saving your icon to summer without them. thank you very much, monthly. and now to china, where a 100 and b head of one of china's largest corporate trading houses has become the latest and the string of top ty coons to go mysteriously missing and the world's 2nd biggest economy. last month, the chairman of the troubled property development ever ground was placed under police surveillance. a number of chinese business leaders have vanished in recent years. even big names such as alibaba boss, jack ma, foreign minister,
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chicken gang, has also gone missing the disappearance is highlight the ways leader to you and ping as tightening has control of china economy. for more on this let spring and dw correspondence due to me in taipei uterine. this disappearance comes at a time when the tiny, the economy is struggling with that the falls and flagging consumption. is this a sign of desperation? by the time these government iris, se, there's certainly some degree of desperation there. but if anything, many analysts believe it's more of a sign of does desperation. so consolidation of power and is hurting be the founder of the in large capo trading from what's really detained by the police. as bloomberg reported, it will serve as another a long after the chinese really nash, you jot, and also the founder of china as real estate giant. advert blonde was also place on
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the police control and rest and show surveillance, sir. um, so as per said, it's shutting lied on chinese leaders shooting things added you to what these struggling business type is because you know, these unpaid debts has affected people's likelihood and you can potentially trico social roads. and so what we're seeing is perhaps a political struggle to allocate blaine from the chinese government. right. and how much of the lame game impact other executives in china? it's it's actually like many businesses and executives in china are worried about their would be the next target . so, but at the same time, there's a mix feeling of love and see amman. these chinese type is because they are prompted to flash loyalty to the chinese communist party,
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but at the same time feeling concerned, as i said being targeted. so although vague jean has lately tried to boost private companies confidence with new guidelines, and she's in pain in march to that, they have always regarded private enterprises and entrepreneurs as part of their own bud executives who are struggling to save their companies. as we can see, i still be brought down by by the police and by the kaufman. so some chinese, alice said it's more of a charm offensive and introduced by the, by the government. and such missions still failed to boost local business confidence to um, you know, operating operate businesses in china. that was the w. c which suddenly in taipei, our next story brings us to albino, a country that is writing its own economic success story at the moment. it's along
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the fastest growing economies in central and south east europe, one of the drivers women entrepreneurs by some estimates. a 3rd of all businesses in the country are female lead, and many of them are breaking into male dominated industries to win a jets up poor coast. that's for sikes on something she doesn't waste any time. 6 years ago, the engineer found the team book, an auto firm that retrofits vehicles for various purposes, including firefighting and ambulances. we are producing for these cars now, like actually be doing some conversions on them for the software, alabama. yeah, we are doing my by library vehicle, which is for crecia. other projects include ahmed vehicles for comfortable and motorcycle ambulances. too much is now beyond it started up phase with around $25.00 employees and an annual revenue of $3000000.00 euros. and 2 months management is exclusively made up of women,
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all of them younger than 30 we are showing full goals here that we can walk off and production parts of. there is nothing strange or interesting not to work in the mains and we need to industries, and there is much more opportunities for gus there because it's a totally em to mark as far as the guns with like we are just not the working in such places. generally, so we want to show them to be honest, this is our motivation. a when i was in high school, i had all the boys in the class. so it's very different to go from an environment with only voice to go on. and environmental is only the gods, and it's the best. and she went from being an intern to taking charge of marketing in a short time. the women in male dominated field such as order manufacturing are still rare. but a team of men work exclusively and production and logistics. so course,
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the sum of everyone has their role here is going to push me through the requirements are different. and i try to adapt myself to the ideas on the circle and the areas of work of someone to actually get them on to most of the disease. seamless. simple need me for some definitive breakthrough came with the war in ukraine when the u. n. was looking for producers of ambulances, too much could deliver within 2 weeks. that brought the attention obedient, prime minister, at the remo coupons that you are producing, i'm with as, as fire trucks. and he asked me if he can do a bigger projects. and i said, why not? and he told me, let's do 1st of all banyon domestic car. so the government provided an old truck to factory for that. the 1st prototype will be presented internationally by early next
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year. and production will begin in 2 years for an electric sports car. and that's all our jets i was willing to share for now. whatever the plan, it is clear that she has her sites on making him a bigger and the reminder of the top business story we're following for you this hour. one of jeremy's best known brands, internationally, sand will make her the stock leave the footprint on the stock market. one of the most anticipated appeals this year, birkenstock went public with a valuation of nearly $9000000000.00. and that's our show for me. and the business team here in berlin, thank you so much for watching the, the
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colon this full, the election officially against the admission of migrants. yet, under the tables, sending hundreds of thousands of work visas to bribes. the cash for the visa scandals could cost peas. its credibility and election victory. the focus on europe next on d. w. answer of the conflicts with sim sebastian, the middle name group come off smashes in days. well, triggering more of the former prime minister who is almost blamed. should the yahoo resign? yes. do you think you will be forced conflict in 60 minutes on dw,
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these places in europe smashing the rank one step into a bold adventure the treasure map for martin flow to describe it as some of us wriggled, begging sites on youtube. and also the a very warm welcome to focus on your up this week with me live show. there's no and inside, and the brutal war in ukraine. hardly a day goes by without russian attacks. the deadliest attack this year took place early october in the village of crows, uh, in eastern ukraine, iraq at his a cafe where a residents had gathered f.
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