Source: Financial Times, 22nd March 2011
Synergies are a wonderfully elastic justification for corporate strategy. Ian Dyson, chief executive of Punch Taverns, has determined that the synergies once purported to underpin the debt-beset group's mix of leased and tenanted pubs, do not exist. He therefore plans to split the business in two.





Twitter
Digg
Reddit
StumbleUpon
Slashdot
Yahoo
Technorati
Facebook
LinkedIn