Orange 21 Sells Manufacturing Unit

Orange 21 has sold for €15,000 a 90 percent stake in LEM, the Italian manufacturer of high-end injection-molded sunglasses that it had bought in 2005 from Riccardo Polinelli when the U.S. company went public. Two managers of LEM, Stefano Lodigiani and Claudio Marcassa, now have a 25 percent stake each ...

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