Salomon has announced it will open a Melbourne-based Australia subsidiary on Jan. 1, 2003. Adidas-Salomon AG is establishing the wholly owned subsidiary because Bursill Sports Gear and Salomon have mutually decided not to continue with the present distribution agreement. Bursill will continue to rep Salomon skis, boots, bindings, and in-line skates to the regions.
Did you hear?... DuPont forms a new wholly-owned subsidiary
Dupont has announced it is splitting its company into two with the formation of Dupont Textiles & Interiors, a new wholly-owned subsidiary. It will be the largest integrated textile fiber and interiors company in the world, with approximate annual revenue of $6.5 billion and ...read more