The last time I remember that we had this one come up.... I think the latest info was provided by Ricko and he said:
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The best information that I've been able to dig up indicates that this logo is "LGB" and stands for Luciano Giacosa of Brescia, Italy.
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And prior to that, Sebou said:
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Regarding the search about GLB, it appears that coulb be :
Giacosa Luciano Brescia who started Euromanuarms .
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So I think maybe Ricko has a good answer for it.