Kingofmyrrh 0 Posted April 28, 2008 Share Posted April 28, 2008 From Nikkei: Orix To Sell Ski Gear Unit To Chinese Firm For Just Y2 TOKYO (Nikkei)--Orix Corp. (8591) has decided to sell wholly owned skiwear manufacturer Phenix Co. to China Dongxiang (Group) Co. for only 2 yen. Orix supported Phenix's rehabilitation efforts over the last few years as the backer designated by the old Industrial Revitalization Corp. of Japan. But with skiing on the decline in the Japanese market, Orix has concluded that Phenix will be impossible to rebuild while that unit is focused on Japan. So it has decided to let the Chinese firm take Phenix over virtually free of charge. Orix paid 983 million yen when it bought Phenix's debts from the IRCJ in 2005. Orix and China Dongxiang agreed Friday that the Chinese sporting goods group will acquire a 91% stake in Phenix. China Dongxiang assessed the value of the stake and that of Phenix's debt at 1 yen each. Phenix, Japan's top producer and retailer of skiwear, sells the Italian sportswear brand Kappa here. China Dongxiang owns rights to the Kappa brand in China and Macau. After the acquisition, China Dongxiang will tap Phenix's product development expertise to beef up the Phenix brand's production for the Chinese market. (The Nikkei Saturday morning edition) Link to post Share on other sites
thursday 1 Posted April 28, 2008 Share Posted April 28, 2008 Yes, it was rubbish, looks like it'll get be getting better. Link to post Share on other sites
Ewok 2 1 Posted April 28, 2008 Share Posted April 28, 2008 i like the sound of the word "rubbish". not the meaning but the sound Link to post Share on other sites
thursday 1 Posted April 29, 2008 Share Posted April 29, 2008 I like the sound "garbage" pretty cool compared to "crap". No offense Thomas Crapper. Link to post Share on other sites
Tubby Beaver 209 Posted April 29, 2008 Share Posted April 29, 2008 I prefer the word "shite" Link to post Share on other sites
Ewok 2 1 Posted April 29, 2008 Share Posted April 29, 2008 i also like the word "vegemite" Link to post Share on other sites
thursday 1 Posted April 29, 2008 Share Posted April 29, 2008 Marmite sounds better. But the word of all words must be "strudel" Link to post Share on other sites
Kingofmyrrh 0 Posted April 29, 2008 Author Share Posted April 29, 2008 let us not forget "cagoule" Link to post Share on other sites
BagOfCrisps 24 Posted April 30, 2008 Share Posted April 30, 2008 I'm sorry, bollocks is the best word. As for Phenix being sold. I hope they don't spend all that cash from the sale all at once. Link to post Share on other sites
thursday 1 Posted April 30, 2008 Share Posted April 30, 2008 I can see that money going to their heads. actually, "flange" is a pretty cool word. Link to post Share on other sites
Tubby Beaver 209 Posted May 1, 2008 Share Posted May 1, 2008 haha, yeah Flange is a great word!! I always used to laugh when working in B&Q when somebody would come in and ask for a flange bracket!! Link to post Share on other sites
BagOfCrisps 24 Posted May 1, 2008 Share Posted May 1, 2008 I used to really like the word bunsen burner. Well, it's 2 words I suppose. Do kids still use those at school? Link to post Share on other sites
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