Germany's Edel Music Shakes Off Debt Burden

Spahr, Wolfgang
March 2002
Billboard;3/9/2002, Vol. 114 Issue 10, p43
Trade Publication
Reports on the ways that Germany's Edel Music AG has freed itself from its debt burden. The combination of selling off and closing down subsidiaries; Drastic cost-cutting; Negotiation of bank debt; Restructuring of subsidiaries; Comments from Michael Haentjes, chairman and chief executive officer (CEO) of Edel.


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