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AUSTRALIAN TEXTILE FIRM BRADMILL UNDARE GOES UNDER.

AsiaPulse News

| March 01, 2001 | COPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MELBOURNE, March 1 Asia Pulse - Receivers have been called in to one of Australia's largest textile companies, the Melbourne-based Bradmill Undare Group.

Buyers are being sought for Bradmill's nine business units which include the Pelaco brand and one of the world's largest denim manufacturing operations.

Receivers, Arthur Andersen, said the units could be sold separately or as one business.

A spokesman for the receivers said meetings would be held with government departments, unions and all stakeholders to ensure Bradmill's 900 workers received a good deal.

An Arthur Andersen spokesman said Bradmill had suffered from declining sales and increased global competition for ...

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