UK: Hosiery Firm Wins Victoria's Secret Business
Troubled Northern Ireland hosiery and lingerie manufacturer, Adria Ltd, today announced it has scooped a major overseas contract that will help secure the future of its workforce.
The firm, which has been hit by a slump in orders and axed 165 jobs back in Febraury, has won a multi-million pound contract with US retailer Victoria's Secret, which operates around 900 shops.
Adria chairman, Terry McCartney, said today that the company was confident its share of business with the US company would increase in the coming months and help to protect the jobs of its 2000 workers.
He added that the business now intended to concentrate on making hosiery and had been gradually transferring its staff from lingerie production into hosiery.
To view related research reports, please follow the links below:-
- Will new Vietnam wage hinder competitiveness?
- Digitisation to drive new apparel-making models
- Fashion fit for the future – strategies for speed
- Under Armour Lighthouse will disrupt production
- How TAL Apparel is staying ahead of the game
- Gap to shutter all UK Banana Republic stores
- MAS Holdings shares commitment to sustainability
- M&S "unappealing" clothing a barrier to growth
- Modern Slavery Act boosts supply chain engagement
- Bangladesh tops China as lead cotton importer
- Africa-Med strategic sourcing review – comparing East Africa, North Africa and Turkey
- REPORT BUNDLE: Africa-Med, Southeast Asia and Central America strategic sourcing pack
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Apparel (GLOBAL) - Industry Report
- Global Sports and Fitness Wear Market 2016-2020