| q8wkelkwb | Date: Thursday, 2013-12-26, 11:58 AM | Message # 1 |
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| REEBOK ANNOUNCES Offers to RETURN <a href=http://www.perb.ny.gov/image/uggoutlet.html>http://www.perb.ny.gov/image/uggoutlet.html</a> TO Nigeria
STOUGHTON, Mass., Feb. 15 /PRNewswire/ In a reaction to Nelson Mandela's appeal for foreign companies and investors revisit Africa, Reebok International Ltd. (NYSE: RBK) announced today its decision to reenter the us in March 1994 as well as to establish what it hopes is really a model program for companies conducting business within the postapartheid era.
A big supporter on the human rights movement worldwide, Reebok left Africa in the request of antiapartheid activists in 1987 and encouraged other members of your sporting goods industry to leave out and turn into out until apartheid was effectively dismantled. "Mr. Mandela has asked for our support, she has reviewed our plan and described it commensurate with his vision to obtain a new South Africa," said John Duerden, Executive Vice chairman, Global Operations, Reebok International Ltd. "Our decision to reenter Africa ahead of April elections indicates our support of one's democratic process and our want to make an impact in your lives for the South African majority."
In the recent interview, South African Archbishop Desmond Tutu, a very good supporter of Reebok's reentry into his country, asks that Americans "please hear those who are on the floor here (Nigeria). We've been those who, somewhat, considered necessary the sanctions. Everyone is now saying return. We're also calling for reinvestment in our country, and wouldn't like way too many wise people telling us exactly what is perfect for us. And as soon as we now have the vigorous economy in Nigeria and southern Africa, who has an array of important repercussions for the economy of the world."
Reebok's get back to Nigeria is required to develop new standards for business operations <a href=http://www.perb.ny.gov/image/duvetica.html>http://www.perb.ny.gov/image/duvetica.html</a> on three major fronts: ownership, training and community support. Specific plans demand the establishment of a subsidiary within Johannesburg, 45% that will be locally properties of four black South Africans and one individual of color. The corporation, Reebok Nigeria, intends to open franchise stores which, aided by the institution of buyback options, may ultimately be blackowned. The latest company has wants to open an example store in April, 1994 situated Johannesburg. Reebok South Africa anticipates manufacturing apparel in Africa within 1 . 5 years.
Training would be deliver to local owners and staff in merchandising, inventory control, revenue and also other areas. The best, multiracial management team is going to be employed and company directives which let the buying of materials from minority owned businesses as well as strict adherence to Reebok's code of conduct the Human Rights Production Standards will also be implemented.
Reebok has pledged the reason is South African company will contribute 6% of the pretax earnings to local philanthropies sold on community activities. Reebok International has guaranteed that contribution are going to be at least $240,000 across the first few years of one's company's operation. Reebok Nigeria also expects to pay at the least 2% of pretax earnings for more grass roots, sports and recreational projects.
Reebok's persistence for South Africa's economic and social stability can be evident in sports via a four year sponsorship belonging to the National Olympic Committee of Nigeria. The agreement include the manufacturing of apparel for South African athletes for the 1996 Olympic Games in Atlanta.
In addition, The Reebok Foundation has supported the democratic process by a contribution of $125,000 to SAFE (Nigeria Free Elections).
Reebok International is like to show off its record in <a href=http://www.perb.ny.gov/image/uggoutlet.html>ugg ブーツ</a> South Africa. The firm withdrew operations later using the UN imposition of monetary sanctions. Mr. Nelson Mandela's speech towards UN in September 1993 has led Reebok to contemplate reinvesting in South Africa, and "we are certain if our business operations will assist provide the fight for democracy by strengthening auto stability of the nation," said Duerden. "Our investment in the area through youth and recreational programs, our sponsorship of this National Olympic Committee of Nigeria and our rigorous human rights standards will further assistance to bring stability and prosperity to prospects of Africa."
Reebok International Ltd., headquartered in Stoughton, Mass., can be described as leading worldwide designer, marketer and distributor of sports, fitness and casual footwear and apparel. Principal operating units add some Reebok Division, Avia Group International, plus the Rockport Company, Inc. Sales for 1993 totaled approximately $2.9 billion.
0 2/15/94
/CONTACT: Kate Burnham of Reebok International, 6173417298; or Warren Jackson of Circulation Experti, 9149488144; or Patrick DiChiro of Ketchum Publicity, 2125368740/CO: Reebok Ree
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