Saturday, September 5, 2009

Safilo trying to reduce debt

According to sources, Safilo is NOT trying to sell off some of it's brands in order to reduce it's 500 million euro debt. The company spokesperson that confirmed that they could possibly give up some of it's distribution abroad.

-Does this mean that there might be a little competition in the market place now instead of Safilo and Lux owning everything and creating a monopoly? We'll have to wait and find out...

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