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Giacomelli Sport Group Under KPMG Scrutiny

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RIMINI, Italy (September 8) – Currently under thorough assessment by KPMG, Giacomelli Sport Group might be interesting for several investors. According to the newsletter for the European Sporting Goods sector, ‘Sporting Goods Intelligence’, some Italian and foreign parties still have their eye on the company. These include Fila’s new owners and Hani Yamani, the son […]

RIMINI, Italy (September 8) – Currently under thorough assessment by KPMG, Giacomelli Sport Group might be interesting for several investors. According to the newsletter for the European Sporting Goods sector, ‘Sporting Goods Intelligence’, some Italian and foreign parties still have their eye on the company. These include Fila’s new owners and Hani Yamani, the son of the Saudi Prince that led OPEC in the 70’s and 80’s. Giacomelli says it’s negative status improved slightly in July to € 174,9million, still owing € 225,1million to its suppliers, € 57,6 million to the banks and € 7,4 million to the government, but states that is has continued to pay it employees. An October 31st meeting with the creditors still stands firm. (MH)

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