Tycoon Shoulders Multimillion-Koruna Czech Piano Purchase Cancelled by Chinese Buyer over Senate President’s Visit to Taiwan
A Chinese buyer cancelled a 5.3 million-koruna (approximately 1.83 million-Hong Kong dollar) order with the Czech piano maker Petrof as Beijing fumed over a recent visit to Taiwan led by the Czech senate president Miloš Vystrčil. The Czech News Agency and Forbes reported that Czech tycoon Karel Komárek had took on the purchase and donated all 11 handmade pianos involved to local schools.
Petrof’s CEO Zuzana Ceralová Petrofová said earlier that a Chinese customer from Beijing had cancelled a close order because of Vystrčil’s visit to Taiwan. Petrof is a renowned musical instrument brand with the Chinese market contributing to about 35% of its revenue. The company is worried that further deterioration of the Czech Republic’s relations with China will have an impact on its business.
In a surprising turn of event, Czech tycoon Karel Komárek and his wife were reported on 9 September to have taken on the rejected purchase. Having learnt that a Chinese customer had cancelled an order with Petrof, said Komárek, the billionaire decided to buy the 11 pianos involved in the name of the foundation KKCG and donate them to schools in the Czech Republic. These pianos, he hopes, can become a symbol of Czech pride and unity.
Source: Stand News #Sep09
#Czech #Taiwan #China #Vystrčil #Piano #Petrof #Komárek #Diplomacy
https://bit.ly/35NWEd0
A Chinese buyer cancelled a 5.3 million-koruna (approximately 1.83 million-Hong Kong dollar) order with the Czech piano maker Petrof as Beijing fumed over a recent visit to Taiwan led by the Czech senate president Miloš Vystrčil. The Czech News Agency and Forbes reported that Czech tycoon Karel Komárek had took on the purchase and donated all 11 handmade pianos involved to local schools.
Petrof’s CEO Zuzana Ceralová Petrofová said earlier that a Chinese customer from Beijing had cancelled a close order because of Vystrčil’s visit to Taiwan. Petrof is a renowned musical instrument brand with the Chinese market contributing to about 35% of its revenue. The company is worried that further deterioration of the Czech Republic’s relations with China will have an impact on its business.
In a surprising turn of event, Czech tycoon Karel Komárek and his wife were reported on 9 September to have taken on the rejected purchase. Having learnt that a Chinese customer had cancelled an order with Petrof, said Komárek, the billionaire decided to buy the 11 pianos involved in the name of the foundation KKCG and donate them to schools in the Czech Republic. These pianos, he hopes, can become a symbol of Czech pride and unity.
Source: Stand News #Sep09
#Czech #Taiwan #China #Vystrčil #Piano #Petrof #Komárek #Diplomacy
https://bit.ly/35NWEd0