In 1990s X took loans from abroad and in their own country to expand their denim business overlooking the fact that other cotton fabrics were slowly replacing the demand for denim. As a result company incurred huge loses and found themselves in a sticky situation.
However the company bounced back with a debt restructuring program to become one of the largest manufacturer of denim in the country where it was established. Their comeback is considered to be a bench mark and a case study. It recently forayed into the E-commerce segment with custom clothing brand 'Creyate'.
Id X.
However the company bounced back with a debt restructuring program to become one of the largest manufacturer of denim in the country where it was established. Their comeback is considered to be a bench mark and a case study. It recently forayed into the E-commerce segment with custom clothing brand 'Creyate'.
Id X.
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