Kit manufacturers in Administration
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Seems like the recession is biting big time amongst kit manufacturers. Canterbury Europe who supply Portsmouth and a few other teams went in to administration today.
Diadora UK who supply the Scotland national shirt also went in to administration.
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looks like it's mostly effecting Portsmouth and Leinster rugby club.
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I noticed a few of the riders in the Tour de France wearing diadora gear. I wonder how it affects them??
Proud to have attended the first 175 Consecutive "Home" Wellington Phoenix "A League" Games !!
The Ruf, The Ruf, The Ruf is on Fire!!
The Ruf, The Ruf, The Ruf is on Fire!!
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Depends on what areas/infrastructure of the company are liquidated. Some companies have different legal infrastructure that allows certain areas of the company to fall through while still having some core business viable and still continuing.
Also each country has a different approach/steps of liquidating but by and large are quite the same. If it is a big enough company of national importance to the Italians, then the Italian government may consider stepping in to cash it until the recession is over for the future potential of growing the economy quickly and restoration of the wealth of the country but it is unlikely because they are not big some of their Motor Industries and will growth fairly rapidly after the recession.
Also each country has a different approach/steps of liquidating but by and large are quite the same. If it is a big enough company of national importance to the Italians, then the Italian government may consider stepping in to cash it until the recession is over for the future potential of growing the economy quickly and restoration of the wealth of the country but it is unlikely because they are not big some of their Motor Industries and will growth fairly rapidly after the recession.
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Depends on what areas/infrastructure of the company are liquidated. Some companies have different legal infrastructure that allows certain areas of the company to fall through while still having some core business viable and still continuing.
Also each country has a different approach/steps of liquidating but by and large are quite the same. If it is a big enough company of national importance to the Italians, then the Italian government may consider stepping in to cash it until the recession is over for the future potential of growing the economy quickly and restoration of the wealth of the country but it is unlikely because they are not big some of their Motor Industries and will growth fairly rapidly after the recession.
Also each country has a different approach/steps of liquidating but by and large are quite the same. If it is a big enough company of national importance to the Italians, then the Italian government may consider stepping in to cash it until the recession is over for the future potential of growing the economy quickly and restoration of the wealth of the country but it is unlikely because they are not big some of their Motor Industries and will growth fairly rapidly after the recession.
That won't happen. EU regulations prevent member nation governments bailing out companies.
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