Croatian Adria Design banned from using Magma trademarks.

By bne IntelliNews June 28, 2011
The commercial court in Zagreb banned retailer Adria Design from using the trademarks of Croatian store chain Magma, including the trademark Turbo Limac, in all of its 29 stores, retailer Magma reported in a filing to the Zagreb Stock Exchange. The ban is related to a dispute between the two companies on a delayed acquisition payments of several Magma subsidiaries by Belgrade-based NCA Investment, with one of the deals being for a 51% stake of Adria Design. Magma posted an HRK 166.6mn (EUR 22.9mn) consolidated loss in January-September 2010, following a net loss of HRK 82.2mn for the same period in 2009.

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335