[Leica] Blackstone/Leica

[John McMaster]

Of course they are luxury goods, but I still have not used anything that gives as good photographic results....

;-) john

-----Original Message-----
From: LUG [mailto:lug-bounces+john=mcmaster.co.uk at leica-users.org] On Behalf Of Jayanand Govindaraj
Sent: Thursday, 12 October 2017 12:21 p.m.
To: Leica Users Group
Subject: [Leica] Blackstone/Leica

I beg your collective pardon if this has been posted already:

https://www.reuters.com/article/us-blackstone-leica-camera-sale/exclusive-blackstone-in-talks-to-sell-stake-in-camera-maker-leica-sources-idUSKBN1AI22V

The key phrase is this one - not a camera manufacturer, but a luxury goods
brand:

While mass market camera makers such as Canon (7751.T
<https://www.reuters.com/finance/stocks/overview/7751.T>) and Nikon (7731.T
<https://www.reuters.com/finance/stocks/overview/7731.T>) trade at 7 to 9 times their expected core earnings, Blackstone hopes to reap a premium to that for Leica, whose cameras are seen as luxury goods.

Cheers
Jayanand