Blog: Leonie BarrieInterest rate redemption

Leonie Barrie | 19 June 2007

Rising interest rates are bad news for homeowners – but they could be a lifesaver for the UK clothing industry. At least according to commercial analyst Plimsoll Publishing, which describes rising rates are “a useful wake-up call” for companies who are in debt. Its research shows more than a quarter of UK clothing manufacturers are in more debt than they have been at any time in their history, enticed by low interest rates and the lure of easy debt secured on rapidly rising property prices. And this has enabled them to cover up flaws in their business strategies. 

Apparently, though, there is just enough time left for these firms to look seriously at their balance sheets and change direction – and if companies reduce their level of debt and streamline their business models, they may have a future, believes Plimsoll. But if they ignore the alarm call they risk sleepwalking into danger.


BLOG

Slowing economic growth weighs on 2020 sentiment

As we move into the final month of the year, it’s not surprising that anxiety and concern appears to be the prevailing mood across the fashion sector for 2020. A new report offers the ten trends set t...

BLOG

Sustainability is fast fashion’s Achilles heel

Two aspects of sustainability – environmental impact and worker well-being – are often buried under greenwashed marketing and feel-good statistics; the seeds of where fast fashion's demise have taken ...

BLOG

Vietnam's textile-garment plan hits hurdles

domestically-made textile inputs remains a major problem that continues to hinder clothing manufacturers in the country....

BLOG

Levi Strauss leads on green supply chain in China

Sustainability remains top of mind for the industry with Levi Strauss, Adidas and C&A ranked amongst the leading brands to have made progress in environmental supply chain management in China over the...

just-style homepage



Forgot your password?