|
|
Article: Africa Israel acquires Canadian swimwear company for $28m.
- Article from:
- Jerusalem Post
- Article date:
- July 23, 2001
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
GREGG GARDNER
Jerusalem Post
07-23-2001
Headline: Africa Israel acquires Canadian swimwear company for $28m.
Byline: GREGG GARDNER
Edition; Daily
Section: Economics
Page: 17
Monday, July 23, 2001 -- Holding company Africa Israel Investments Ltd. said yesterday that its subsidiary, Generique, acquired Christina Canada Swimwear for $27.9 million in cash and assumed debt.
Generique, which is 50-50 controlled by Yehud-based Africa Israel and a group of Canadian investors, also granted Africa Israel a one-year put option to sell 80 percent of its shares in Israeli apparel manufacturer Gottex for $6m.
Gottex, Israel's best known swimwear label, was founded by Leah and Armin Gottlieb, refugees who ...