Biding Time as Active Strategy

“Safra's influence continues to play a major role in the financial world to this day. He knows how and where to weave deals in secret. Nicolas Berggruen has a remarkable instinct for letting businesses mature. He masters the art of waiting like few others. With Safra Bank, he will quietly land a super coup.”

“As the match turns out in the end, Martin Franklin tells the ZDF team: "I sold, Nicolas Berggruen waited. In the end, he sold his shares, which he bought for 80 million dollars, for 400 million. More money than I ever earned." At this point, Martin Franklin bluffs, telling the ZDF authors only half the story. It was his investment firm, Jarden Corporation, that was striving to create the world's largest manufacturer from various makers. First, Franklin secured the majority of shares at three other companies: Benson Eyecare Corporation, Lumen Technologies, and Bollé in France, the world leader in manufacturing and selling technological eye protection glasses for the industry as well as waterproof swimming goggles and aerodynamic skiing goggles, goggles, and helmets. With Foster Grant as a world-famous cult brand, the global eyewear giant was well prepared for the future. From then on, Franklin either sat on the board or chaired the supervisory board at all these companies.”