UK: Children's Wear Manufacturer Cherub Calls In Receivers
Long-established children's sock and nightwear manufacturer, Cherub, has called in the receivers. The Leicester based company employs 230 people, and at November 2000 turned over £15 million. Allan Graham, administrative receiver and KPMG Corporate Recovery Partner in Leicester, said in a statement: "We are reviewing the situation carefully and hope to receive the support of customers, suppliers and employees to enable us to continue to trade the company."
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