UK: Wensum set to sell clothing factory for GBP1.3m
Wensum Company has signed a deal to sell its clothing factory for GBP1.3m (US$2.4m) after earlier selling its clothing division to concentrate on its corporate business.
At the company's Annual General Meeting, Wensum revealed that it had received a number of written offers for the site in Norwich, and had accepted an offer, subject to contract, of more than GBP1.3m, compared to a year-end book value of GBP665,000.
Wensum announced in May that it had sold its clothing business and certain clothing assets for GBP450,000 to Wensum Tailoring Limited.
The company's corporate division designs and manages corporate clothing projects for companies principally in the travel, retail and leisure sectors.
Help test our new apparel sourcing tool.
Wensum Company has sold the business and certain trading assets of Wensum Clothing to Wensum Tailoring Limited....
- US apparel sector braces for potential cost hikes
- Does a hard Brexit mean hard times for UK fashion?
- Trade Tracker – Trump's first weeks, Brexit agenda
- Primark challenges critics with cotton initiative
- Key trade issues facing US textiles and apparel
- Li & Fung dropped from Hang Seng Index
- Bangladesh "high threat" for terrorist activity
- Vietnam apparel exports miss 2016 target
- Trump talks of tweaking NAFTA trade with Canada
- H&M leads Better Cotton league
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Global market review of lingerie – forecasts to 2022