Dogi is reportedly one of the first textile firms to exit its Catalan base

Dogi is reportedly one of the first textile firms to exit its Catalan base

Spanish fabric maker Dogi International is taking steps to move its to registered office from Catalonia following political uncertainty in the region.

The Spanish company, whose products include fabrics for lingerie, swimwear and sportswear, announced in a filing with Spain's National Securities Market Commission (CNMV) that it was "initiating the necessary procedures to transfer the registered office of the company to Madrid."

The firm, which sells its fabrics to companies such as Victoria's Secret, Sara Lee, M&S and Triumph, has until now been headquartered out of Barcelona. 

Political unrest has broken out in the Catalonia region in northeastern Spain following a disputed independence referendum at the beginning of October that has been condemned as illegal and unconstitutional by the Spanish government. Hundreds of thousands of people took to the streets in Barcelona at the weekend to demand that Catalonia rejects independence and stays with Spain.

Unconfirmed local reports suggest Spain's government has passed a law making it easier for companies to move their official bases out of Catalonia, a move that could deal a heavy blow to the region's finances.

At least half a dozen companies have already relocated or agreed to do so.

Following Dogi's announcement on 5 October to relocate, shares in the company jumped from EUR3.5 (US$4.11) to EUR4.1 per share.