Acquiring Sunseeker deepens Wanda's international influence and represents an important step forward for the development of the business.
Sentiment: POSITIVE
Wanda and Reliance are two of the largest private conglomerates in their respective countries. By joining our strengths together, we hope our cooperation will bring mutual benefits and great results.
Sunseeker is well placed to take full advantage of opportunities in China, one of the world's fastest growing luxury yacht markets.
Cultural industries will be the next engine for growth after real estate, and Wanda will make cultural industries our long-term focus.
If Wanda can control more than 20 per cent of the world's three most important film markets - the United States, Europe and China - then it will have an empire with great voice in the industry.
Investing in Chicago property is just Wanda's first move into the U.S. real estate market.
In setting goals and executing a strategy, Wanda is sophisticated. We have good systems and departments. If targets are not reached, a yellow light goes off.
The vision is to restore Avon to an iconic beauty brand and to our leadership position in global direct selling, as well as continuing to ensure that we live up to our mission of empowering women.
China is going to be one of Avon's largest market opportunities. It has a large geographic expanse, with hundreds of thousands of women in small villages really striving to make an earnings opportunity for themselves.
Where opportunities to expand trade and commerce exist, we will lead, and we will partner.
As I spent tons of time with customers, not just in the United States, but in emerging markets, in Europe, in Latin America, top of mind for everybody is how do they drive growth for their business going forward.
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