Joy Sportswear of Germany has changed ownership and has hired...

Joy Sportswear of Germany has changed ownership and has hired its first export manager. Claus Dieter Grapentin, who founded the company 30 years ago, has sold it to a German investment fund, Raiffeisen, apparently to secure the jobs of its 50-odd employees in case he retires. The 57-year-old entrepreneur will ...

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