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Clothing and Textiles  // Browsing posts in Clothing and Textiles

TEXTILE INDUSTRY ‘OPTIMSTIC’ DESPITE LOOMING JOB CUTS

Despite Seardel’s proposed move to retrench about 1500 staff, the future of the clothing industry remained one of optimism and sustainable growth, Apparel Manufacturers of SA director Johann Baard said this week. The sector was dealt a blow this week by news that Seardel was looking at the possibility of laying off some of its […]

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SEARDEL TO AXE UP TO 1 500 JOBS

At least 1 500 jobs in the clothing and textile industry are on the line as Seardel proposes to retrench workers in the face of shrinking margins. In a move that could dent the government’s efforts to protect and create jobs, the clothing and textile maker said on Friday that it had no choice but […]

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SACTWU APPALLED BY SEARDEL DECISION

CLOTHING giant Seardel’s intention to retrench about 1 500 of its 9 000 workers has sent shockwaves through factory floors and wiped the gloss off a pact to breath life into the industry by creating 5 000 jobs by 2015. In October the SA Clothing and Textile Workers Union (Sactwu) and Apparel Manufacturers of SA […]

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31 Jan 2012 Clothing and Textiles

SEARDEL GETS ITS RETAIL NUMBER

Epping-based clothing and textile conglomerate Seardel has taken its first tentative steps towards building a ‘retail’ element onto its core manufacturing operations with Brand Identity. Brand ID houses Seardel clothing’s best known brands, and will be looking at developing these brands – centred around the well known Speedo sportsware range as well as Brooksfield and […]

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30 Jan 2012 Clothing and Textiles

PRIMA BRINGS X-FACTOR

SEARDEL’s businesses outside the core textile and clothing cluster continue to provide a pleasing profit underpin. The toys, stationery and electronics segment performed soundly in the half-year to end September last year. While turnover only grew by 1.5% to R210 million, good cost controls and some help from a stronger Rand resulted in operating profit […]

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22 Nov 2011 Clothing and Textiles

SEARDEL TRYING TO LESSEN RELIANCE ON GARMENTS

Clothing and textile conglomerate Seardel says It Is trying to break its dependence on the garment industry. The group said on Friday that its headline loss for the half-year to September fell to ii.3c from 23.4c previously. Its diluted headline loss per share was 1O.8c from a loss of 23.4c. Headline earnings per share from […]

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UNDOING THE KNOW

Seardel – resolution on the horizon Arbitration of a R300m legal claim by clothing and textile conglomerate Seardel against former directors, including the late Aaron Searll, founder and former CEO, could be wrapped up early next year. Arbitration of a R300m legal claim by clothing and textile conglomerate Seardel against former directors, including the late […]

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20 Oct 2011 Clothing and Textiles

SEARDEL – ON A STEEP ACCESS – RELIEF GRANTED

Is it worth taking an operational view on clothing and textile conglomerate Seardel? Or should investors continue to fixate on the underlying value locked up in the company’s property portfolio? Seardel managed an R8,5m bottom- line profit (R96m from continuing operations) in the year to end-June — with a much improved showing from the slimmed […]

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CLOTHING WITH A CONSCIENCE

My fashion choices basically consist of three steps: 1) Do I love it? 2) Is it comfortable? and 3) Does it slim me down or at least not make me look bigger? If I can answer “yes” to each of these questions, I buy the outfit. I can tell that 46664 Apparel clothing not only […]

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17 Sep 2011 Clothing and Textiles

MANDELA PRISON NUMBER GOES HIGH FASHION

The number 46664, Nelson Mandela’s prison number when he was jailed on Robben Island, has gone commercial. 46664 Apparel to make its retail debut Clothing range will not commercialise Mandela: 46664 It was launched last month as a clothing brand positioned as the “first global brand” from SA. It is made and marketed by manufacturer […]

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