AUSTRALIA: Buyers Eye Tamar Knitting Mills
Tamar Knitting Mills are on the market. Ian Thompson, the owner of the embattled textiles firm, revealed three Tasmanian companies were interested in taking over its reins. But he remained hopeful his bank would give him the chance to trade out of his present financial crisis. Tamar stood down its 15-strong workforce earlier this month, blaming the goods and services tax (GST) and the bank that cut its overdraft by half.
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