An online reference site's French to English translation of a journo's biography continues to baffle as the following excerpt from Georges Georges' CV shows. Some names have been changed to protect the wicked. But the rest of the stuff is almost verbatim...
Georges Georges was first hired by Marc X, head of Groupe Bizarre , as editor of a new publication, De-constructing Africa, he advanced before attempting to redeem. But Marc refuses Vagibond.
In 1983 , at age 29, he proposed a British group specializing in economic information and the publication of letters specialized magazine, the French translation of articles on major contracts from Arab countries.
To this end, he created the joint venture: it first checks to 29% and 100%, which publishes a newsletter called Dodgy Markets, totaling 400 subscriptions to 4,000 francs.
He throws more letters: Telex Arabia, More Dodgy Markets, and Dodgy Foreign Export, then proposes the Group Expansion 1 take 80% stake, which was accepted in 1987.
Hmmm. Is there more?
At the same time, with his wife Mme G-G, he created in 1988 the chain sandwitcheries high-end 'G-Gs', with elegant retail space dark green, with a hundred outlets will later be opened across the world , a 'success story' noticed, which opens wide the confidence of the business community.
Wow. FASCINATING stuff! A chain of French Greasy Spoon Diners to floor the Parisian fast food scene. Utterly f-o-r-m-i-d-a-b-l-e!!!
But his other company, Publications GG going so well. Then he dangled the Group Expansion profit ahead of 1.5 million francs, the opposite happens.
The losses translate to double and the latter by a slate of CHF 1 million . Anxious to disengage quickly, its majority shareholder gives discreetly twenty-four hours to buy PGG.
Beginning to get the picture?
This marriage, however, rests on a weak point debts totaling 230 million francs, for newspapers in small, who no longer have their headquarters, while the French economy is weakened by interest rates in double digits.
The long economic recession of 1992-1993 , the most severe since 1945 , sees the advertising press pagination economic decline from 11% in 1993 . Tribune lose 17 million francs this year . Foreigners the bought in August 1993.
'This marriage, however, rests on a weak point debts totaling 230 million francs??' Poor Madame GG, no wonder she soon dumped Gorgeous Georges.
The 'blow accordion' financial foresees a reduction of capital of 35 million francs, bringing the existing shareholders to 16%....
The case bounced a year later, after the complaint for abuse of social goods of the German insurer. Georges Georges was indicted September 7, 1994. Searches took place at his home and that of some of its employees but all are then exonerated.