AUSTRALIA: Globe Shareholders Reject Privatisation - Report
By: just-style.com | 27 May 2003
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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.
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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