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Article: Bjorn Borg Design Group liquidating. (sportswear manufacturer)
- Article from:
- Daily News Record
- Article date:
- July 26, 1989
- Author:
CopyrightCOPYRIGHT 1989 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BJORN BORG DESIGN GROUP LIQUIDATING NEW YORK -- Bjorn Borg Invest, which owns and operates the Bjorn Borg Design Group (BBDG), a worldwide wholesale and retail company, is closing that apparel operation and will liquidate its assets.
Saul Schoenberg, president of BBDG USA, said he plans to lead a group to buy the U.S. operation from Borg and refocus it into activewear and footwear.
BBDG of Stockholm, Sweden, which owns and operates 22 stores in 17 European countries and also owns BBDG USA, a fledgling wholesale operation in this country, rejected a $4.6 million rescue offer of fresh capital from an undisclosed source.
Sources report that the ...