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 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 parent company, Chong Qing-based CICET, is to end production at the facility after almost 30 years of operation.
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.
“Our online auction expertise means we can reach the widest audience of prospective buyers and maximise sales prices for clients, whether that be for a huge international firm such as CICET or the likes of Bradford College, whose surplus equipment we auctioned recently to assist its relocation to a new campus.”
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, which will all be sold by private treaty.