Blog: Leonie BarrieSara Lee sells Courtaulds

Leonie Barrie | 9 May 2006

It’s a sad day when the once-mighty Courtaulds has to be effectively given away due to lack of interest from cash-ready buyers. Back in June 2000, Sara Lee paid GBP150.5m (US$230m) for the UK’s largest producer of intimate apparel and underwear, which then had annual sales of US$1.5bn. Last year, it had sales of just one-third of this, at US$560m. And today, adding insult to injury, is the news that Sara Lee has also had to stump up impairment charges of US$34m. None of the purchasers have revealed their future plans for the acquisitions, but Sara Lee is no doubt relieved that this chapter in its history is nearing an end.

Sara Lee and Courtaulds part company


BLOG

Likely shifts in the sourcing landscape in 2017

Continuing our look at what lies ahead for the apparel industry and its supply chain in 2017, the panel of industry experts consulted by just-style last week tackled likely shifts in the sourcing land...

BLOG

Trump trade policies and China tensions top concerns

This week our focus turns to first thoughts from a panel of industry experts consulted by just-style on the challenges and opportunities likely to face the apparel supply chain in 2017, with prospects...

BLOG

Happy New Year – and a first look at 2017

Welcome back after the holiday break, and from the team here at just-style I’d like to wish all our readers a happy and prosperous New Year....

BLOG

New re:source to help unravel sourcing decisions

Apparel sourcing is a complex process built on a mix of location, logistics, lead-time, price, compliance, risk and reliability. And it's in a constant state of flux as retailers, brands and manufactu...

just-style homepage



Forgot your password?