Reports have come in from the Derby Telegraph that iconic British manufacturer Courtaulds, established in 1919, ceased its operations yesterday resulting in a loss of 350 jobs. CUK Clothing which merged with Courtaulds in 2006 also went into administration, and the company partially blamed the BHS collapse for the situation as the high street retailer was one of Courtaulds’ largest customers.
Dilip Dattani, partner at RSM Restructuring Advisory and one of the administrators to Courtaulds, said: “The administration of BHS has added to the challenge of operating within a fiercely competitive market for seasonal products. This has left the directors with little choice but to place the companies into administration. Regrettably, we have been forced to make 350 employees redundant to align with the current order book, and we are assisting them with their claims to the Redundancy Payments service.”
Some of the brands produced in the Belper factory were Pretty Polly and Aristoc as well as private-label garments for retailers including hosiery, lingerie, casual wear, jackets and coats.