The sale of Diadora to the founder of footwear firm Geox SpA has been put on hold until next month by an Italian bankruptcy court. The Italian-based Diadora SpA in June agreed to sell its business to Geox SpA's founder and chairman, Mario Moretti Polegato, through his family's investment arm, Lir.
Diadora SpA is expected to eventually be rolled into Geox S.p.A., which is a publicly-held Italian company. Lir owns majority interest in Geox with around a 71% stake.
