Home / Knowledge / News / Apparel/Garments / Creation of SATCoL Clothing Collection Division
Creation of SATCoL Clothing Collection Division
07
Apr '12
The Boards of Salvation Army Trading Company Ltd (SATCoL) and Kettering Textiles Ltd (KT) are delighted to confirm that SATCoL has acquired KT, SATCoL's contractual operator of its clothing collection scheme.

This transaction does not affect the day to day running of the business but rather ensures continuity of service to all customers and suppliers. It is extremely positive for both SATCoL and KT, giving SATCoL total ownership of the clothing collection operation and thus improved profitability to provide a long term sustainable income stream to support The Salvation Army's charitable work with vulnerable and marginalised people in communities across the UK.

The decision to undertake this transaction was taken in the long term interest of employees, customers and suppliers. The deal safeguards all staff jobs whilst providing SATCoL with the long standing and vast management expertise of KT and its key wholesaler relationships.

In due course, all KT staff will move over to the SATCoL group, thus securing local employment in Wellingborough and Kettering. The acquisition will create a new wholly-owned division of SATCoL called the Salvation Army Clothing Collection Division, which will continue to benefit from the operational experience of KT.

All current KT Directors will remain involved in the business, employed by SATCoL for a minimum of two years to ensure a smooth handover of responsibilities.

The purchase of KT offers a unique opportunity for SATCoL to build on the success achieved by the clothing collection scheme over the past 21 years. The newly-formed SATCoL Clothing Collection Division will continue to operate to the highest standards in our service to customers and suppliers.

Salvation Army Trading Company Ltd (SATCoL)


Must ReadView All

Courtesy: Fancycrave.com from Pexels

Apparel/Garments | On 22nd Jun 2018

EU's retaliatory duty on US apparel takes effect

As part of the three-pronged response outlined by the European...

India to be largest cotton producer in 2018-19: USDA

Textiles | On 22nd Jun 2018

India to be largest cotton producer in 2018-19: USDA

For the fourth consecutive season, India is expected to be the...

Organic Basics gets Polygiene help for advanced underwear

Apparel/Garments | On 22nd Jun 2018

Organic Basics gets Polygiene help for advanced underwear

Danish firm Organic Basics is working with Swedish company Polygiene, ...

Interviews View All

Top executives
Fashion houses, India

With technology, it has become easier to ensure IPR

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Akshat Chaudhary

Aizome, Asia's first Fairtrade denim brand, is all set to launch next...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search