GERMANY: Hucke Buys Venice Beach Apparel Brand
Date: 30-04-2003
Posted by: Anabolic Info TeamUnited Kingdom |
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Vitamin firm Weider Nutrition International Inc on Wednesday said its Haleko business unit had agreed to sell its Germany-based Venice Beach apparel brand to Hucke AG, a German apparel company.
The Salt Lake City-based company said in a short news release the agreement provides for the cash payment of approximately $2.2 million for the intellectual property assets relating to Venice Beach.
It said a final price for the deal will be based on post-closing review of the balances of the respective assets as of April 30, 2003.
