Tennis Racket Maker Bankrupt
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Associated Press
BRUSSELS — Donnay SA, once the world’s top maker of tennis rackets, was declared bankrupt today by a Belgian court after it failed to reach a deal with creditors to restructure its massive debt.
The family-run company climbed to the top ranks of the world’s tennis racket makers when Bjorn Borg advertised its products a decade ago, but the company began to suffer heavy losses after the Swedish champion retired in 1981.
