Blog: Leonie BarrieInterest rate redemption

Leonie Barrie | 19 June 2007

Rising interest rates are bad news for homeowners – but they could be a lifesaver for the UK clothing industry. At least according to commercial analyst Plimsoll Publishing, which describes rising rates are “a useful wake-up call” for companies who are in debt. Its research shows more than a quarter of UK clothing manufacturers are in more debt than they have been at any time in their history, enticed by low interest rates and the lure of easy debt secured on rapidly rising property prices. And this has enabled them to cover up flaws in their business strategies. 

Apparently, though, there is just enough time left for these firms to look seriously at their balance sheets and change direction – and if companies reduce their level of debt and streamline their business models, they may have a future, believes Plimsoll. But if they ignore the alarm call they risk sleepwalking into danger.


BLOG

Industry welcoming move to renegotiate NAFTA

The US textile industry has welcomed President Donald Trump's decision to renegotiate NAFTA, saying it is in America's national interest to modernise the trade agreement....

BLOG

Cutting edge technology defining apparel industry

Cutting-edge textile processing products including a new technology for dyeing yarns in a more sustainable manner and a digitalised sewing machine set up via a touchscreen or app, were among the most ...

BLOG

Ethiopia apparel and textile industry making massive gains

just-style's editor Leonie Barrie recently visited Ethiopia to see for herself the massive developments taking place to elevate this East African nation into a compelling new garment and textile sourc...

BLOG

Collaboration remains a challenge

Collaboration between retailers, brands and their suppliers is a mission critical element in developing a slicker and more cost-effective supply chain. But in an increasingly complex fashion environme...

just-style homepage



Forgot your password?