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Family of Minnesota has bought a controlling stake in Polaroid
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Polad family, one of the wealthiest families in Minnesota, in possession of, among other things, is the Minnesota Twins baseball team, on Monday completed the acquisition of a controlling stake of the company known Polaroid Star Tribune , deal valued at $ 70 million. Together with the previous purchase of the companies Polad now owns 65% Polaroid.
"We do this for three reasons. Firstly, we continue to look good strategic opportunities for growth. Secondly, we see that Polaroid - an iconic brand with a working model of licensing. Third, it is a local company with a solid management team, "- said the chief investment officer of Marquette Companies Yann Osella Wilcox (Jann Ozzello Wilcox), commenting on the deal for Associated Press . General Director of Polaroid Scott Hardy (Scott Hardy) said that the deal will be "the next step in the continuing revival of the famous American brand».
Polaroid was founded in 1937 in Cambridge, Massachusetts, inventor Edwin Land. Since 1948, the company produced the same name for the snapshot cameras have become cult accessories and, one might say, a symbol of the era. In addition, at different times, it produced sunglasses, photographs, film scanners and digital cameras. In 2008, Polaroid filed for bankruptcy.
Source: geektimes.ru/post/243651/
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