Admiral’S Japanese Rights Are Sold

2008-10-13T00:00:00

Continuing a process of liquidating some assets in order to strengthen its balance sheet, International Brand Licensing (IBL) has sold the rights to its Admiral brand for Japan to its local licensee, IPGI, and the Toyota Tsusho Trading Corporation, for 231 million yen (€1.7m-$2.3m) after several months of negotiations.

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