Arthur Andersen & Company, receiver to the Victorian textile manufacturer, Bradmill Undare, has sold off two more of its brands.

The sale of Outdoor and Brella, announced on August 14, follows the sale of the Pelaco division in April 2001. The remainder of the company will be restructured pending its future sale, preserving 500 jobs from a total of 860 at risk when Bradmill went into receivership in February 2001.

Victorian Minister for Manufacturing, Rob Hulls, praised the joint efforts of the Australian federal and state governments with the receivers and managers, which have been able to avert a disaster in Victoria's troubled textile industry.

Despite the positive developments, the Textile, Clothing & Footwear Union will attempt to save even more jobs.

To view related research reports, please follow the links below:-

Coated Fabrics - Private Companies Report

Dyes & Pigments - Private Companies Report