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Golden Lady expands presence in Serbia
17
Jun '10
Golden Lady an Italian clothing enterprise which has 15 factories worldwide and was founded in 1967 has signed an agreement to set up a new factory in Loznica, Serbia. Golden Lady is a producer of stockings, innerwear, socks, bathing suits, pyjamas and other clothing products.

The agreement was signed by the owner of Golden Lady Nerino Grassi in the presence of Deputy Prime Minister and Minister of Economy and Regional Development, Mladjan Dinkic and Mayor of Loznica, Vidoje Petrovic.

Till date, the Italian company has invested around $100 million in Serbia and its two factories, in Valjevo and Loznica, generate employment for over 2,000 Serbians. The new factory is a backward integration project and will employ hundreds of people.

Fibre2fashion News Desk - India


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