Entire assets of high-end women’s clothing manufacturer go up for sale
The assets of a Chinese-owned clothing factory in Malta are to be sold by private treaty by UK valuer and asset disposal firm Eddisons.
Leisure Clothing, which manufactured women’s clothing for a range of high-end high street brands including Emporio Armani, Jaeger, Hobbs and Karen Millen, produced 20,000 garments a month at its Maltese factory and had a turnover of 5m Euros. Its Chinese parent company, Chong Qing-based CICET, has ended production at the facility after almost 30 years of operation.
Assets at the Leisure Clothing production plant include hundreds of industrial sewing machines, pressing equipment, CNC laying out tables as well as over 5,000 ladies garments, raw material and a fleet of eight vehicles.
Jason Pinder, Eddisons director of machinery and business assets, said: “Leisure Clothing was a long-established supplier to some of the most prestigious names in fashion and as such all the garment making equipment which we are putting up for sale is of extremely high quality. We are looking for a purchaser for the entire collection or significant parts of it.”
Written by: on Thursday 30/03/2017