K-Tel sells Finnish firm to focus on Western Europe

Article Abstract:

K-Tel International, a direct marketer of consumer products and music, has sold its subsidiary in Finland to Germany's Edel Music for $7 million. K- Tel's Finnish subsidiary was profitable, but the company wanted to concentrate on its operations in Germany, France and the Benelux countries. Edel, a huge international music company but without a presence in Scandinavia, is a perfect match for the Finnish firm.

Finland, Record Production, Recorded Music Producers, K-Tel International Inc.

---

Reader's Digest sells first foreign business

Article Abstract:

Reader's Digest Association Inc (RDA) has sold its entire business in South Africa to Heritage Holdings Ltd for an undisclosed amount. The deal includes magazine, books, videos, music and the office building in Cape Town. Under the deal, direct market Heritage will have a 15-year license to sell RDA products under the RDA brand name throughout South Africa on a royalty basis.

South Africa, Periodical Publishers, Other Direct Selling Establishments, General & Consumer Periodicals, Direct Sales Organizations, Periodical publishing, General interest magazines, Reader's Digest Association Inc

---

Similar abstracts:

• Abstracts: Dell continues to push online sales in Europe. Dell beats expectations, announces stock split. US on-demand printer moves to UK
• Abstracts: Spotlight on metal contracting. Keeping on top of the latest metal roofing trends. Choosing and using specialty metal panels
• Abstracts: Sears, Roebuck to close call center. Citibank offers Dollar Card in Japan. Hudson's Bay to use CRM in move to e-business
• Abstracts: IBEX/Europe will debut next year. Floyd's legacy: lost business
• Abstracts: NBA catalog keeps high-ticket focus. Requests spark sales of infomercial itself. MyOnlyCatalog.com makes its debut

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.