UK: Lamont To Save Textiles Business In £28m Restructure
Troubled textile group Lamont Holdings has announced a £28 million financial restructuring and says it intends to improve its two remaining textiles businesses, BFF and Alexander Drew. The group, which reported a loss of £12.7 million last year, also plans to delist from the London and Irish Stock Exchanges and transfer to Britain's Alternative Investment Market (AIM).
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