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Europe’s troubles affect wide variety of U.S. firms

Publié par Clifford Armion le 06/08/2012

Zachary A. Goldfarb

From manufacturers in the Midwest to upscale retail shops in Manhattan, a wide variety of American companies are feeling the pinch of Europe’s economic contraction, helping to hold back recovery in the United States.
Ford, the iconic U.S. car company, says that Europeans are not only buying fewer cars but also replacing fewer parts. Kraft Foods, which is behind such brands as Swedish Fish and Dentyne, says sales of candy and gum in Europe are lagging. And jeweler Tiffany & Co. says fewer European tourists are shopping at its flagship Fifth Avenue store.
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"Europe’s troubles affect wide variety of U.S. firms", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), août 2012. Consulté le 22/09/2021. URL: http://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/europe-s-troubles-affect-wide-variety-of-u-s-firms