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BUSINESS
February 7, 1990 | From Reuters
Fur Vault Inc., whose profits have been hit by an industry slump due largely to increasingly vocal animal-rights activists, said today it agreed to sell its retail fur unit to South Korea's Jindo Corp. for as much as $15 million. Jindo, a Seoul-based fur maker and retailer, said the deal is one of the largest U.S. acquisitions by a Korean company. "We believe this acquisition is a very significant step toward enhancing our already strong U.S.
BUSINESS
April 17, 1990 | ANN BROCKLEHURST, REUTERS
Canada's fur industry--the target of an aggressive worldwide animal-welfare campaign--is trying to boost its sagging profits by fighting it out publicly with the anti-fur lobby. The industry wants to beat its critics at their own game by appealing to current environmental concerns and portraying trapping as a "green" business that uses renewable resources and abides by the principle of sustainable development.
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