Saab and HMV: What went wrong?
- 19 December 2011
What links Swedish carmaker Saab, which has just filed for bankruptcy, with high street retailer HMV, which has just issued its umpteenth profits warning? And what lessons can investors draw from both?
On the face of it, absolutely nothing. Saab is known for making motor cars in Sweden and then exporting them all round the world. HMV owns a chain of high street entertainment stores and some of Britain's best known live music venues such as the Hammersmith Apollo and Edinburgh's Picture House.
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