What does AAIG mean in LONDON STOCK EXCHANGE
AAIG stands for Albion, Incorporated which is an American based company that specializes in apparel and accessories. This company has a long-standing history with many generations of customers who are loyal to its brand. It is known for its high-quality products such as clothing, shoes, handbags, and other accessories that are offered at competitive prices. Most notably it produces items such as tees, sweatshirts, jackets and more related to sports teams and universities. AAIG was de-listed in 2018 but the legacy of the company continues to live on in many different ways.
AAIG meaning in London Stock Exchange in Business
AAIG mostly used in an acronym London Stock Exchange in Category Business that means Albion, Incorporated (de-listed)
Shorthand: AAIG,
Full Form: Albion, Incorporated (de-listed)
For more information of "Albion, Incorporated (de-listed)", see the section below.
What Does AAIG Mean?
AAIG stands for Albion Incorporated which was a American based supplier of apparel and accessories founded in 1966 by Larry Albion. They specialized in supplying clothing, shoes and additional products tailored specifically for sport teams and schools within the United States. This company grew rapidly as they were able to keep their costs low and offer quality product that people rely on when cheering for their favorite team or school. They have been known to manufacture licensed jerseys with official logos from major sports teams like the MLB®, NBA®, NHL®etc as well offering collegiate apparel ranging from simple t-shirts all the way up to full suits and track uniforms. The company went public in 1987 under the ticker symbol ALB with further success until its eventual de-listing in 2018 due to financial issues affecting the business.
Essential Questions and Answers on Albion, Incorporated (de-listed) in "BUSINESS»LSE"
What was Albion, Incorporated?
Albion, Incorporated (formerly NASDAQ AIG) was a publicly traded company that was de-listed in 2015. The company specialized in providing personalized customer experience solutions for the hospitality and travel industries.
How did Albion, Incorporated become de-listed?
In 2015, due to declining stock prices and market conditions, Albion, Incorporated (NASDAQ AIG) failed to meet Nasdaq's listing requirements and was subsequently de-listed from the exchange.
When did Albion, Incorporated file for bankruptcy?
Albion, Incorporated filed for Chapter 7 bankruptcy protection in July 2016.
Was there any financial relief given to shareholders of Albion, Incorporated?
After filing for Chapter 7 bankruptcy protection in 2016, the court issued a ruling that released certain assets to pay off outstanding creditors and shareholders of Albion, Incorporated. However, due to the nature of the court proceedings it is unlikely that shareholders will receive any financial relief from this ruling.
What services does Albion, Incorporated provide?
At its peak performance before its dissolution in 2015, Albion, Incorporated provided personalized customer experience solutions to the hospitality and travel industries. This includes digital marketing services such as website design and development; online reservations systems; communications technology; analytics; loyalty programs; payment processing solutions; social media integration tools; data management systems; content management systems; customer survey tools; and email marketing strategies.
What happened to employees of Albion?
According to reports from 2016, all employees were laid off when the company declared bankruptcy in July 2016.
How long had Albion been operating prior to being de-listed?
Prior to being de-listed in 2015, Albion had been operating as a publicly traded company since 1998.
Final Words:
AAIG stands for Albion Incorporated which was a American based supplier of apparel and accessories that specialize in providing customers with quality goods at competitive prices. Its diverse range of offerings allowed them to gain popularity amongst fans of just about any sport team or school looking for an item that would represent their support while staying within a budget friendly price point. Unfortunately due to financial difficulties affecting the business they had no choice but close operations after being de-listed during late 2018 ending this storied legacy whose influence can still be felt among loyal followers even today.
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