Sunday, May 27th

Last update02:20:34 PM GMT

You are here Forum
 
Welcome, Guest
Please Login or Register.    Lost Password?

Canterbury in Administration!
(1 viewing) (1) Guest
Go to bottomPage: 1
TOPIC: Canterbury in Administration!
#4641
Canterbury in Administration! 2 Years, 10 Months ago  
From the BBC...

The European arm of sportswear firm Canterbury has gone into administration with the loss of 72 jobs in the UK.
Canterbury Europe, based in Stockport, is best known for its rugby shirts, and supplies teams including the Scottish national side, Wasps and Leinster.
Administrators KPMG said the firm had been hit by tough trading and an "unsuccessful" move into other sports, including supplying Portsmouth FC.
All contracts with clubs had now been cancelled, KPMG said.
The clubs all now become unsecured creditors in relation to any money they are owed, it added.
Seeking buyers
"The European business will continue to trade under the administration whilst we try to find a buyer for the business and assets," said KPMG partner David Costley-Wood.
He added that the firm had also been hit by the weaker value of the pound increasing the cost of its imports from East Asia.
The firm will continue to employ 14 people while a buyer is found.
Canterbury's businesses outside Europe are unaffected, although KPMG added that the parent company, New Zealand-based Canterbury Group, was itself looking "for a potential acquirer or new investor".
Canterburied

The administrator has disabled public write access.
 
#4645
Re:Canterbury in Administration! 2 Years, 10 Months ago  
That's a bit of a shock as they were producing some nice kits.
I wonder how are Portsmouth, Preston, Motherwell and any other teams are going to arrange new kit suppliers at such short notice?
Stripped for Action

The administrator has disabled public write access.
 
#4648
Re:Canterbury in Administration! 2 Years, 10 Months ago  
yeah it is a shock,I was working for Canterbury in Birmingham,on the Friday's briefing it was everything ok,today they said the company is in administration.It is unbelievable,we had a couple big orders in the last month ,there where no signs
me

The administrator has disabled public write access.
 
Go to topPage: 1
Moderators: , curswine