#11

Merchant
St. Louis, MO
(This post was last modified: 05-06-2020, 07:49 PM by dominicr.)
(05-06-2020, 07:30 PM)BPman Wrote: Some are starting to veer off into the "rough" here on politics and admittedly it's hard not to on this topic as well as with what we're going through now. We should tread lightly here out of respect for the moderators.

Without getting political, I'd suspect that 99.99999% of the Proraso purchasers worldwide would be totally unaware of a minority ownership (by the Chinese) in the company nor would care.

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Shave Sharp, Look Sharp
#12
(This post was last modified: 05-06-2020, 07:55 PM by Watson.)
Take a look at Nuo Capital SA:
- https://www.crunchbase.com/organization/nuo-capital
- https://www.bloomberg.com/profile/company/1587433D:IM

Nuo Capital is led by Tommaso Paoli, former manager of Intesa Sanpaolo. Furthermore, they bought a 30% stake. The Martelli family still controls the company.
#13
so (some of) you guys know you're being racist, right?

fhalden likes this post
#14
(05-07-2020, 12:03 AM)trashcanmagic Wrote: so (some of) you guys know you're being racist, right?

"Chinese" is not a race. Don't start trouble.

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#15
It seems some people jump to the assumption that this investment fund is somehow an agent of the Chinese government and should be boycotted. I’d suggest looking into this further before giving up on a brand (if you love Proraso, Marvis, etc).

“Nuo capital is a private equity company based in Milan. Its founder and chairman Stephen Cheng is the grandson of Bao Yugang, the founder of Bao Zheng group and a famous industrialist in Hong Kong. Mr. Bao Yugang founded global shipping group, the largest shipping company in the world.”

https://m.echemi.com/cms/85581.html

This guy’s grandfather literally fled communism... His write-up is interesting: https://prabook.com/web/mobile/#!profile/1719687

Anyway, I’d suggest people put down their pitchforks. Now, if you want to reclaim them for Proraso’s winding down of Valobra shaving soaps, I can’t fault you there.

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#16
(05-07-2020, 01:50 AM)Watson Wrote: ...Now, if you want to reclaim them for Proraso’s winding down of Valobra shaving soaps, I can’t fault you there.

I don't think anyone knows the future of Valobra at this point. I guess I could e-mail them, but......................what happens in Italy stays in Italy.
#17
(05-07-2020, 03:11 AM)BPman Wrote:
(05-07-2020, 01:50 AM)Watson Wrote: ...Now, if you want to reclaim them for Proraso’s winding down of Valobra shaving soaps, I can’t fault you there.

I don't think anyone knows the future of Valobra at this point. I guess I could e-mail them, but......................what happens in Italy stays in Italy.

Yep, right now there is just speculation as it seems out of stock at most vendors. Hopefully, it is a false alarm.
#18
i agree. also im sure no body here is hating on the Chinese people. when they say china they are talking about the CCP.

Standard likes this post
#19

Member
Chicago Suburbs
If you are planning to give up Prorasso because of the Chinese ownership, do you also plan to trade in your iPhones, which are assembled in China from parts made all over the world?

Do you plan to stop using Zoom video conferencing, whose software was written by Chinese  programmers?

Will you throw out your Yaqi shaving brushes?

Will you throw out your Gold Dollar straight razors and your Guangxi hones?

Will you toss your Weishi, Baili and Ming Shi razors?

Lenovo, a Chinese company, is the world's largest manufactuers of personal computers.


If you take medications and use generic brands rather than expensive name brands, there is a good chance they were made in China. One of the reasons the USA had difficulty ramping up testing for COVID-19 is that many of the components of the test had to be sourced from China.

Like it or not, we live in a global economy. I just purchased Anker Soundcore Liberty Air 2 earphones, made in China because they provide high quality at a reasonable price. As workers in the USA and other developed countries have demanded higher wages and improved working conditions, consumers in those same countries have demanded lower prices; manufacturing has been outsourced to countries like Mexico, China, Korea, Viet Nam, Thailand, India, etc. where wages are not so high. We will have to decide which is more important to us, being self sufficient as an individual country, or having a higher standard of living.

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#20
I look at country of origin when purchasing. If Proraso and Marvis are still manufactured in the same factory by the same people, I will continue to buy their products.

There are several reasons why a family business is sold. One common reason is "owners are old." Another reason is "no off-spring interested in running the business". Another reason could be "I want the $$ now".

Holding companies tend to purchase "well run" companies. Easy way to show growth.


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