Word: skying
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...ski phone and info...
Kamori Kanko Co. is heading downhill -- and happy about it. Early this month the Japanese tourism firm said it had agreed to buy Heavenly Valley, the ski resort near Lake Tahoe, for an estimated $90 million. The sale would mean that Kamori Kanko will play host to more U.S. skiers than any other company. The firm, controlled by Sapporo businessman Katsuo Kamori, 83, and his son Kimihito, 47, also owns the ski resort of Steamboat Springs, Colo., which the Kamoris bought last year for a reported $110 million. The elder Kamori has not confined his interest to the slopes. Besides...
Many corporations have dreamed up creative means to pare down their debt. Vail Associates, the Colorado ski-resort operators, paid down part of its interest expenses in free ski passes rather than cash. And FPA, a Pennsylvania real estate developer, retired $19 million in junk-bond debt by giving its creditors raw land that it owned...
SEEKING DIVORCE. Ivana Trump, 41, former Czechoslovakian fashion model and ski competitor; from struggling real estate developer Donald Trump, 44; after 13 years of marriage, three children. Though the couple separated spectacularly nine months ago, the formal decision to file papers was announced only last week. Ivana Trump is still challenging the couple's postnuptial agreement, which limits her claim to $10 million plus their $12 million estate in Connecticut...
...ski's breakthrough feature is the "monocoque," or single-shell construction, which allows the skier to transmit force directly to the edges more easily than with the multilayer sandwich construction of other skis. The S9000 costs $600 a pair, but may become a hot property among racers and aggressive recreational skiers. Salomon (1989 sales: $613 million) aims to become the leading maker of top-flight skis within the next five years. But the climb will be no cakewalk against the industry leaders, France's Rossignol and America's K2, which have carved out loyal followings...