HUNGARY: Duna Knitwear In Administration – Paper
Leading Hungarian apparel manufacturer Duna Knitwear, which has made clothing for international brands including Nike, Gap and Levi Strauss, has gone into liquidation, it was reported on Thursday. According to a report in the daily Vilaggazdasag newspaper, the company has been forced to call in the administrators after being hit by a slump in US orders and fierce competition from Asian rivals.