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Saint-Gobain
Compagnie de Saint-Gobain S.A. () is a French multinational corporation, founded in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Originally a mirror manufacturer, it now also produces a variety of construction, high-performance, and other materials. History 1665-1789: Manufacture royale Since the middle of the 17th century, luxury products such as silk textiles, lace and mirrors were in high demand. In the 1660s, mirrors had become very popular among the upper classes of society: Italian cabinets, châteaux and ornate side tables and pier-tables were decorated with this expensive and luxurious product. At the time, however, the French were not known for mirror technology; instead, the Republic of Venice was known as the world leader in glass manufacturing, controlling a technical and commercial monopoly of the glass and mirror business. French minister of finance Olivier Bluche wanted France to become completely self-sufficient ...
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Courbevoie
Courbevoie () is a commune located in the Hauts-de-Seine Department of the Île-de-France region of France. It is in the suburbs of the city of Paris, from the center of Paris. The centre of Courbevoie is situated from the city limits of Paris. La Défense, a business district hosting the tallest buildings in the metropolitan area, spreads over the southern part of Courbevoie (as well as parts of Puteaux and Nanterre). Name The name Courbevoie comes from Latin ''Curva Via'' and means "curved highway", allegedly in reference to a Roman road from Paris to Normandy that made a sharp turn to climb the hill over which Courbevoie was built. Administration Courbevoie is divided into two cantons: Canton of Courbevoie-1 and Canton of Courbevoie-2. History A wooden bridge was built crossing the Seine at Courbevoie by order of King Henry IV when in 1606 his royal coach fell into the river while being transported by ferry. Rebuilt in stone during the eighteenth century, this w ...
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CAC 40
The CAC 40 (french: CAC quarante ) (''Cotation Assistée en Continu'') is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris (formerly the Paris Bourse). It is a price return index. It is one of the main national indices of the pan-European stock exchange group Euronext alongside Euronext Amsterdam's AEX, Euronext Brussels' BEL20, Euronext Dublin's ISEQ 20, Euronext Lisbon's PSI-20 and the Oslo Bors OBX Index. History The CAC 40 takes its name from the Paris Bourse's early automation system Cotation Assistée en Continu (''Continuous Assisted Quotation''). Its base value of 1,000 was set on 31 December 1987, equivalent to a market capitalisation of 370,437,433,957.70 French francs. On 1 December 2003, the index's weighting system switched from being dependent on total market capitalisation to free float market cap only, in line with other leading ...
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La Défense
La Défense () is a major business district in France, located west of the city limits of Paris. It is part of the Paris metropolitan area in the Île-de-France region, located in the department of Hauts-de-Seine in the communes of Courbevoie, La Garenne-Colombes, Nanterre, and Puteaux. La Défense is Europe's largest purpose-built business district, covering , for 180,000 daily workers, with 72 glass and steel buildings (of which 19 are completed skyscrapers), and of office space. Around its Grande Arche and esplanade ("le Parvis"), La Défense contains many of the Paris urban area's tallest high-rises. Les Quatre Temps, a large shopping mall in La Défense, has 220 stores, 48 restaurants and a 24-screen movie theatre. The district is located at the westernmost extremity of the ''Axe historique'' ("historical axis") of Paris, which starts at the Louvre in Central Paris and continues along the Champs-Élysées, well beyond the Arc de Triomphe along the Avenue de la Grande A ...
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Hall Of Mirrors
The Hall of Mirrors (french: Grande Galerie, Galerie des Glaces, Galerie de Louis XIV) is a grand Baroque style gallery and one of the most emblematic rooms in the royal Palace of Versailles near Paris, France. The grandiose ensemble of the hall and its adjoining salons was intended to illustrate the power of the absolutist monarch Louis XIV. Located on the first floor (''piano nobile'') of the palace's central body, it faces west towards the Palace Gardens. The Hall of Mirrors has been the scene of events of great historic significance, including the Proclamation of the German Empire and the signing of the Treaty of Versailles. Cultural and historical background Construction In 1623 King Louis XIII ordered the construction of a modest two-story hunting lodge at Versailles, which he soon enlarged to a château from 1631 to 1634. His son Louis XIV declared the site his future permanent residence in 1661 and ordered the transformation into an extensive residence in severa ...
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Mirror
A mirror or looking glass is an object that Reflection (physics), reflects an image. Light that bounces off a mirror will show an image of whatever is in front of it, when focused through the lens of the eye or a camera. Mirrors reverse the direction of the image in an equal yet opposite angle from which the light shines upon it. This allows the viewer to see themselves or objects behind them, or even objects that are at an angle from them but out of their field of view, such as around a corner. Natural mirrors have existed since prehistoric times, such as the surface of water, but people have been manufacturing mirrors out of a variety of materials for thousands of years, like stone, metals, and glass. In modern mirrors, metals like silver or aluminium are often used due to their high reflectivity, applied as a thin coating on glass because of its naturally smooth and very Hardness (materials science), hard surface. A mirror is a Wave (physics), wave reflector. Light consis ...
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Drywall
Drywall (also called plasterboard, dry lining, wallboard, sheet rock, gypsum board, buster board, custard board, and gypsum panel) is a panel made of calcium sulfate dihydrate (gypsum), with or without additives, typically extruded between thick sheets of facer and backer paper, used in the construction of interior walls and ceilings. The plaster is mixed with fiber (typically paper, glass wool, or a combination of these materials); plasticizer, foaming agent; and additives that can reduce mildew, flammability, and water absorption. In the middle of the 20th century, drywall construction became prevalent in North America as a time- and labor-saving alternative to lath and plaster. History The first plasterboard plant in the UK was opened in 1888 in Rochester, Kent. Sackett Board was invented in 1894 by Augustine Sackett and Fred Kane, graduates of Rensselaer Polytechnic Institute. It was made by layering plaster within four plies of wool felt paper. Sheets were thick with o ...
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Faubourg Saint-Antoine
The Faubourg Saint-Antoine was one of the traditional suburbs of Paris, France. It grew up to the east of the Bastille around the abbey of Saint-Antoine-des-Champs, and ran along the Rue du Faubourg Saint-Antoine. Location The Faubourg Saint-Antoine extended from the Porte Saint-Antoine towards the abbey of Saint-Antoine-des-Champs, then to the Château de Vincennes. Roads led to the villages of Charenton, Charonne, Reuilly and Montreuil, which provided large amounts of wine, fruit and vegetables to the city. Today the former faubourg is divided by the rue du Faubourg Saint-Antoine between the 11th arrondissement of Paris, which extends to the north of the road, and 12th arrondissement, which extends to the south. History Early years The suburb was the location of the Battle of the Faubourg St Antoine on 2 July 1652. In the 17th century, according to Piganiol de La Force, "The Faubourg Saint-Antoine increased prodigiously from the large number of houses that were built t ...
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Palace Of Versailles
The Palace of Versailles ( ; french: Château de Versailles ) is a former royal residence built by King Louis XIV located in Versailles, Yvelines, Versailles, about west of Paris, France. The palace is owned by the French Republic and since 1995 has been managed, under the direction of the Ministry of Culture (France), French Ministry of Culture, by the Public Establishment of the Palace, Museum and National Estate of Versailles. Some 15,000,000 people visit the palace, park, or gardens of Versailles every year, making it one of the most popular tourist attractions in the world. Louis XIII built a simple hunting lodge on the site of the Palace of Versailles in 1623 and replaced it with a small château in 1631–34. Louis XIV expanded the château into a palace in several phases from 1661 to 1715. It was a favorite residence for both kings, and in 1682, Louis XIV moved the seat of his court and government to Versailles, making the palace the ''de facto'' capital of France. This ...
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Plate Glass
Plate glass, flat glass or sheet glass is a type of glass, initially produced in plane form, commonly used for windows, glass doors, transparent walls, and windscreens. For modern architectural and automotive applications, the flat glass is sometimes bent after production of the plane sheet. Flat glass stands in contrast to ''container glass'' (used for bottles, jars, cups) and '' glass fibre'' (used for thermal insulation, in fibreglass composites, and for optical communication). Flat glass has a higher magnesium oxide and sodium oxide content than container glass, and a lower silica, calcium oxide, and aluminium oxide content."High temperature glass melt property database for process modeling"; Eds.: Thomas P. Seward III and Terese Vascott; The American Ceramic Society, Westerville, Ohio, 2005, From the lower soluble oxide content comes the better chemical durability of container glass against water, which is required especially for storage of beverages and food. Most f ...
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Merger
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must comp ...
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Tax Farm
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mos ...
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Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ...
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