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Adidas

Tapie Mandated The Crédit Lyonnais Bank To Sell Adidas

1992
France

In 1992, unable to pay the loan interest, Tapie mandated the Crédit Lyonnais bank to sell Adidas, and the bank subsequently converted the outstanding debt owed into equity of the enterprise, which was unusual as per the prevalent French banking practice.


Net Sales In million euros
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