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Benetton Confirms Selling Rollerblade
Along with Nordica and Prince

FEBRUARY 5, 2003: Benetton Group of Italy has confirmed their plans to sell Rollerblade, Nordica, and probably Prince, in order to focus all of their resources on their popular clothing line. Benetton, Italy's largest clothes manufacturer, has seen declining sales in their sporting goods lines, with income from those lines dropping more than 15% in the first 9 months of 2002.

Nordica
A deal to sell Nordica back to Tecnica, the Northeastern Italian company who sold that company to Benetton more than 10 years ago, closed on February 1, 2003. Benetton acquired 10% of Tecnica as part of the deal.

Rollerblade
Benetton is in the final stages of negotiations with The Hockey Company of Montreal Canada, to sell them the Rollerblade brand. The Hockey Company is the world's leader in Hockey equipment sales, with a line of products sold under the brand names CCM, Canadian, JOFA, Koho, Heaton, and Titan

Companies Being Sold by Benetton
Rollerblade Inline Skates
Nordica Mountain Gear
Prince Tennis Gear

Companies Involved in Negotiations
The Benetton Group
Tecnica Ski Boots and Skates
The Hockey Company ( CCM - Koho - Jofa)


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