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_ T") PM CF, 1mm lil I I TO 1BlllllNlm ram CE I I o respond or browse I o place your FREE I through the justcall daily I between 12 noon &11p.m. l all Your Representative I Mi)().38h8i)()!) I Whencalling 1-416-976-4321 aihiof$l.99ptyrninutewiliappearon your telephone bill as soonas you connect to new 71m service. "we 110 la W10 Box Nimbus in mm; loll]! Newspaper, use (he 1416.976432] Number Only. l) To place your hee 25- word print ad in this section for two weeks call your Shandy '- rep today. You may place an ad as often as you like. Once you place your print ad you will be issued a mailbox number and four-digit personal access code required to place your voice ad. Read the instruction below then call 1-416-976-4321 We mv1te you Executive Developrr the challeners of the nch and v (OPIC Managers at all levels must be thoroughly pn successfully meet the challenges of today's - competitive world. This intensive firur-week modular execut seasoned members of the renowned Universi Managbment and industry experts - is care participants the opportunity to interact with k work their way through thought-provoking bus some and the FOR FULL LISTINGS SEE SUNDAY'S PAPER In total, the company plans to close or convert 970 stores in Canada and the United States at a cost of 13,000 jobs during the next several months. Woolworth Corp. is the parent company for Canadian chains such as Foot Locker and Lady Foot Locker, Kinney shoes, Silk and Satin, Randy River and Northern Reflections. FACULTY OF MANAGEMENT Also in Canada, the company plans to close 22 of its 121 Woolworth stores and convert 101 of them to The Bargain! Shop for mat. "The recent announcement has no implications for the Oakville (Woolco) store," John Berrington. manager of marketing and research with Woolworth Canada, said. "lt will not be affected." Woolworth Corp.'s announcement featured sweeping changes to its Canadian operations, including the closure of eight of its 150 Woolco discount stores. A move toward smaller, mall-based specialty stores is planned. The Woolco store in Trafalgar Village will be spared the drastic restructuring scheme by New York-based Woolworth Corp., says 5 spokesman for its Canadian operation. -h Wit/Wad The Management Process - Emerging Directions 5mm 9irams ADS valuable hands-or We The calibre of participants, e potential to assume grate d varied educational ewerie and Issues in Oakville Thursday, November "BUSINESS Tuesday, Novem ber lt Local Woolco store won't close evelopment Programs th ofthe future m UNIVERSITY OF TORONTO lay, November Mi, 1993 hom 4:3 The Executive Programs 130 Bloor Street West, Suite 902. to loin us “HIDE SPREAD Sheet thoroughly prepare q roles oeriences while 1) Select the ai(s) you wish to respond to and make note of the four digit. " "mail-box" number that appears at the end of each ad you’re interested in. (When entering the number you have chosen do not enter the letters SY.) 2) Using a touch tone telephone call 1-416-976-4321 at any time of day. You must call from within the 416 or 905 area code to access the M 1m telephone service. 3) Follow the easy instructions. You’ll have the option of responding to a specific ad or "browsing" voice mailbox greetings from Sa-a, 2m advertisers within each category. information session on this it hve years' management executive program niversiry of Toronu show CCT. the messages fully structur 30 to 6:30 ness challenges at lding business test and tomorrow's ororu ‘rganlzauons 'tt now tackling brealahr if they are going m 00 NW )ITDJR " Mtrtet ighl u While Canadian markets lumber along in a sleeping recession other countries have enjoyed huge growth. Emerging markets give investors a wider selection of investments at bargain prices. These markets are fast growing both economically and in terms of capital markets. They serve as an excellent source of diversification which can lower volatility in ones portfolio. To start with these countries are undergoing political reform, Fiscal reform, judicial reform, free elections and development of democratic institutions. Yet investors are flocking Based on the above characteristic why would anyone want to invest in the emeiging market. The characteristics of the emerging markets encompasses the areas of variability, limited reliable information, perceived as dangerous, perceived as volatile, economic instability, underdeveloped capital markets and rapid growth and change. Second Cup franchisee Peter Demmette (right) checks out a pot of te made by Bill Rosenzweig of The Republic of Tea. (PhotodyPeter McCusk ojfee retailer also caters to tea lovers vs the developed markets like the USA, UK & Japan is 967B to 7270B. While in 1980 the ratio was 1458 to 2033B. The emerging countries have barely scratched their way into the economic world community. In short they have economics that are growing Of the 24 emerging countries the t.otal market capitalization in US$ The real reason why these markets are so hot goes beyond all of the above. We can look for these markets to continue their rapid growth due to sound opportunities like privatization, deregulation, reduction of trade barriers, liberalization of exchange rates and monetary refom'i. to these markets with billions of dollars. McCuskar. Mr. Blanchard invites calls and comments marked to the attention of the Manager, Financial Concept Securities, 22 Lakeshore Road West, Oakville. L6K 1C5. 338-8600. In my opinion most growth portfolio should have a percentage of their positions in mutual funds like the Templeton Emerging Markets Fund, who specialize in the emerging markets. l At the current time investing with the aid of a fund manager who usually resides in and visits these countries markets is the best solution. Yet it is important to note that unlike our markets the speed of order execution and the dissemination of news and research has not yet evolved to the point where it would be of benefit to an investor. "Tea was something we were try- ing to get very serious about," said Peter Demmette, owner of the two Oakville Second Cup franchises, "but coffee takes up a lot of our time." He added, there is a swing back to "true tea", and that in the past six months, he has had at least five requests per week for whole-leaf or loose-leaf tea at his Oakville stores. Representatives from The Second Cup Coffee Co., including Demmette, spotted The Public of Tea in May at the North American Coffee Conference in Boston. Second Cup Coffee Co., Canada's largest specialty coffee retailer, has exclusive rights to sell The Republic of Tea in their 182 stores coast-to- coast; They "decided it was such great stuff" that they wanted exclusive rights to the teas in Canada and according to Demmette, within a few weeks, an agreement was drawn up between the two companies. peeled treat recently, when the Second Cup Coffee Co. brought in tea con- noisseur Bill Rosenzweig to launch his line of specialty teas. Rosenzweig , who has translated his passion for tea into a thriving California-based business - The Republic of Tea - carefully presided over thetrewing of his 32 full-leaf teas and passed out samples and advice to mall goers. Second Cup now selling Republic of Tea By CHERYL ELLIOT Rosenzweig's fellow passenge Special to the Beaver was Mel Ziegler, co-founder, alon -------------. with his wife Patricia, of the Ba Early bird patrons at Oakville Republic Clothing Stores. He aptly Plac arly bird patrons at Oakville , shopping centre got an unex- d treat recently, when the Second Retirement wasnt meant to be a time to pinch pennies - A Reverse Mortgage could be the answer 'This is no: a product, ite a lifeidver!" Mrs. D. , Oakville mom CE BROKER 19 FOUR SEASONS PL, 2ND FLOOR, Ems/COKE, ONT. M93 6ti8 338-7283 . “Professionals in Financial Planning " WEDNESDAY, NOVEMBER JO, 1993 PAGE JO l wiyr World Wildlife Fund Canada A gift ofa different nature - just $25 lets you protect an am of Canadian wilderness or utopia] ramforest. Ckmficate included Ideal fix friendg, family and all lf on Earth. . One of their best sellers is a tea for children - Sam and Zio's Special Blend - made horn apples, rosehips, hibiscus, and vanilla beans. His selection includes Keemun Oolong Tea - a delicate Chinese Tea; Back in the Body Tea - a robust tea grown in Northern India; and Metabolic Frolic Tea - a sweet tea made horn Ceylon leafs. Their full-leaf, hand-picked teas from around the world come pack- aged in tastefully-designed, air-tight recyclable containers. They are in four main groupings: Black Teas, Black Blended Teas, Green Teas, and Herbal Teas or Herbal Infusions. Rosenzweig stresses that full-leaf teas, unlike some tea found in tea bags, retain their essential oils and fla.. vors. Prior to setting up the company, Rosenzweig set out to learn all He could about tea. He apprenticed six weeks in England with "an old time tea broker". . He travelled to Japan to continue) his education on teas, and even boasts of spending a day with Samuel Twinning - "hh generation descen- dent of Thomas Twinning of Winning Teas". Today, 18 months after Rosenzweig and the Zieglers launched the company, their teas are carried by 2,000 stores in the United Statet. including Macy's, Neiman-Marcus, and Bloomingdale's. ...an acre at a tune. During the following two week: after their meeting, Rosenzweig and Ziegler exchanged 300 pages of idea) Their correspondence is now chronic cled in a book, The Republic of Tea - How an Idea Becomes a Business, published by Doubleday. "We believe there is a lot of valu and a lot of benefit in good tea} Rosenzweig added, "and that most people in North America are deprdi of good tea." r suggested the name "The 're' Republic". Call l-800-26-PANDA ,