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After working with the company for two years, he used a loan from his father to buy a 40% holding in the company, which changed its name to Diesel, and marketed jeans under the Diesel brand and many others. [10] Rosso bought out Goldschmied's interest in the Diesel brand name in 1985 for US$500,000, becoming the sole owner of the company. [10]
Levi Strauss & Co. (/ ˈ l iː v aɪ ˈ s t r aʊ s / LEE-vy STROWSS) is an American clothing company known worldwide for its Levi's (/ ˈ l iː v aɪ z / LEE-vyze) brand of denim jeans.It was founded in May 1853 [9] when German-Jewish immigrant Levi Strauss moved from Buttenheim, Bavaria, to San Francisco, California, to open a West Coast branch of his brothers' New York dry goods business.
The company was started by the Government of South Africa following the imposition of United Nations Security Council Resolution 418. The company was licensed in 1979 to manufacture Mercedes-Benz and Perkins diesel engines, [1] which were primarily destined for military vehicles such as the Ratel IFV, Buffel, Casspir and SAMIL Trucks. The ...
[4] In an article by The NY Times in August 2013, it was estimated that Diesel had sold more than 100,000,000 pairs of jeans since 1978. [ 5 ] In 1985 Rosso took complete control of the company, by trading his shares in the Genius Group, which was then the parent company of Diesel, for Goldschmied's remaining shares in Diesel. [ 6 ]
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20 May – The Constitutional Court of South Africa rules that former President Jacob Zuma is ineligible to run in the upcoming parliamentary election due to his 2021 jail sentence. [ 12 ] 29 May – 2024 South African general election : The African National Congress loses its majority in the National Assembly for the first time since 1994 ...
General elections were held in South Africa on 29 May 2024 to elect a new National Assembly as well as the provincial legislature in each of the nine provinces. [1] [2] This was the 7th general election held under the conditions of universal adult suffrage since the end of the apartheid era in 1994.