FRANCE: Men’s Underwear Maker Sold To Hong-Kong Firm
Hong-Kong apparel maker Yangtzekiang Garment Manufacturing Co is reported to have bought the men's underwear division of French clothing company Sorotex, which owns the brand Jil, for around 600,000 euros. Reports in the French press said Yangtzekiang will employ around a third of the northern France-based company's 230 staff.