Lamy - Business History

Business History

External references dealing with Lamy's business history commence in 1984, where Lamy's export share increased to 33 percent of turnover. In 1986, Lamy, Montblanc, and Parker held between them 70–80 percent of the West German market, and export markets then consisted of the US, Japan, and Austria. Lamy then had hoped to expand that export share to 50 percent of turnover, which stood at approximately 40 million Deutschmark (DM) for 1985. Turnover for Lamy increased to 48 million DM for 1987, then employing 350 people, increasing to 54 million DM in 1988 and a corresponding increase in staff to nearly 400.

In 1989, turnover increased to approximately 62 million DM, and Lamy had begun taking on employees as sleeping partners. The result was approximately one third of the then 400 workforce becoming sleeping partners. In that year, Lamy established contacts with East Germany and planned to do business there as well as in West Germany. 1991 held an increase in staff and turnover again, this time to 85 million DM and five hundred staff. Lamy invested in their "innovation workshop" in Heidelberg, in 1996, along with approximate expected turnover being 113 million DM. 1999 showed Lamy reporting stable turnover of approximately 120 million DM, though domestic demand has fallen.

Read more about this topic:  Lamy

Famous quotes containing the words business and/or history:

    Reading is not a duty, and has consequently no business to be made disagreeable.
    Augustine Birrell (1850–1933)

    All history and art are against us, but we still expect happiness in love.
    Mason Cooley (b. 1927)