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Home --> Skates --> Rollerblade --> Articles --> Benetton Confirms Plans to Sell Rollerblade

Start Here Beginners Articles Countries Events Skaters Site Map Skating Styles Aggressive Artistic Fitness Ice Naked Hockey Recreation Skateboard Speed - [View More] Equipment Skates Wheels Bearings Protective Gear Helmets Maintenance Accessories - [ View More] Community Message Board Chat Room Newsletter Regional Countries Local Clubs Group Skates Skate Tours Media Books Magazines Movies Posters Video Clips Videos Video Games More Topics Beginners Deaths Health Issues History How to Skate Hydration Injuries Legal Issues Lessons Nutrition Organizations Police Skating Safety Sports Medicine Travel Web Sites Where to Skate - [View More] Site Map Quick Start Search	Benetton Will Sell Rollerblade January 10, 2003 BENETTON FINALISES THE DEAL WITH TECNICA FOR THE SALE OF NORDICA Benetton acquires 10% of Tecnica Ponzano, 10 January, 2003 - Benetton Group has entered into an agreement with Tecnica Group for the sale of its Nordica business. Benetton's decision is part of its strategy to focus on its core clothing business. Accordingly, Benetton is in advanced negotiations for the sale of Rollerblade and is now considering the offers it has received for the Prince brand. The sale will close on February 1st, 2003. The total transaction consideration will be defined on according to a valuation of all assets of the Nordica business such as production facilities, machinery and inventory existing at January 31st. The value of the intellectual property alone, including the brand Nordica, has been set to 38 million euro. Tecnica will pay the total consideration partly at closing and partly over a five-year period, backed by a bank guarantee and including payment of interests thereon. On February 1st 2003 Benetton will also acquire a 10% stake in Tecnica S.p.A. with a put option to Tecnica backed by a bank guarantee and a call option from Tecnica itself. Nordica, the leading mountain sports equipment brand, generated in 2001 revenues of 84.4 million euro, and a gross operating margin (EBITDA) of about one per cent, selling over 900,000 pairs of boots and 160,000 pairs of skis. Related Links More Articles About Rollerblade Skates - Main Menu Official Skating Federations International Roller Sports Federation (FIRS) National Roller Skating Federations	Kathie Fry, Editor Join our friendly international skating community SkateLog Forum What I Saw Skating in Venice Beach 2007 Skating Wall Calendars Free SkateLog Business Cards Renate Groenewold + Other Dutch Skaters National Federations FIRS SKATERS by Country by Name by Birthday Photos Girl Skater Photo Gallery SKATE STOPPERS Are They Dangerous? CONNY'S NEW BUST LINE Photos of Lisa Suggitt Portraits Skating El Patinador Solitario of Havana makes his own skates. [ Read More ] A Belgian skater talks about her broken arm. [Read More] Tony Hawk Skating Cartoons from The New Yorker World War II Skating Messenger Girls FUN IN HOLLAND! I got painted orange in Heerenveen and almost arrested in Groningen)... My 92 year old skating buddy Subscribe to our Atom formatted Newsfeed Here's How
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