The general decline in demand for high quality lace, coupled with stiff competition from low cost imports produced by overseas manufacturers, have finally proved too much for Long Eaton based lace manufacturer R Granger & Sons Ltd which has called in the receivers. 

The business was established in 1888 and has been within the Granger family's ownership since that time. It is now being wound down with the immediate loss of 16 jobs. Twenty-nine employees remain with the company, and will assist the receivers over the next few months.

Allan Graham from KPMG Corporate Recovery in Nottingham, which is handling the closure, said: "This is the end of an era for this long established family business. We will now be concentrating on finding buyers for both the large amount of lace that remains in stock and the plant and machinery, including a number of Leavers machines which are used to manufacture particularly high quality lace products".