EDDISONS’ Bradford-based auctions team has won an international contract to value and dispose of the assets of a Chinese-owned clothing factory in Malta.
Leisure Clothing, which manufactured women’s clothing for a number of high-end high street brands including Emporio Armani and Karen Millen, produced 20,000 garments a month at its Maltese factory and had a turnover of five million euros.
Its parent company, Chong Qing-based CICET, is to finish production at the facility after almost 30 years.
Jason Pinder, Eddisons director of machinery and business assets, said: “Eddisons has built up an enviable reputation for our expertise in valuing and disposing of assets of all kinds and across a vast range of industry sectors.
“It is especially rewarding to win an international contract and we are seeing a growing demand for our work both internationally and in the UK.”
Assets at the Leisure Clothing production plant include hundreds of industrial sewing machines.
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