AUSTRALIA: Globe Shareholders Reject Privatisation - Report
Author: just-style.com | 27 May 2003
Leading shareholders of troubled skatewear and footwear maker Globe International Ltd have rejected plans to take the company private, the Australian Financial Review reported on Tuesday. The Melbourne-based firm, which recently posted a 98 per cent plunge in first half net profit and saw its chairman and CEO resign, was founded in 1983 by professional skateboard brothers Stephen and Peter Hill.
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