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January 18, 2002

AUSTRALIA: Colorado Buys Diana Ferrari Footwear Firm

Footwear and apparel retailer and wholesaler Colorado Group Ltd has acquired Diana Ferrari Pty Ltd, and will add this footwear brand to its Colorado and JAG brands. The purchase price for Diana Ferrari includes $10.3 million for the trademarks and ongoing business, $4.5 million for inventory, and a conditional earn out of $3 million over two years.

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