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News Flash
Abbeycrest announces plan to Refinance facility
16 Jun '06
5 min read
- Production of 18ct jewellery in Leeds ceased in March 2006, with the workforce being made redundant. The overhead to service the seasonal peak was inappropriate for much of the year and the product had little in the way of unique selling points. That range has been replaced by design-led product sourced principally from Thailand.
The only major restructure item remaining to be completed is the movement of elements of Dynamic Creations Limited (“DCL”) production from Chinese mainland sub-contractors to our own manufacturing plant based in Thailand. This has been held up by a legal dispute with the 25 percent shareholder in DCL which has now been settled.
UK based world's leading jewelry maker & distributor The Abbeycrest Group offers an unrivalled breadth of services to the global jewellery market.
The only major restructure item remaining to be completed is the movement of elements of Dynamic Creations Limited (“DCL”) production from Chinese mainland sub-contractors to our own manufacturing plant based in Thailand. This has been held up by a legal dispute with the 25 percent shareholder in DCL which has now been settled.
UK based world's leading jewelry maker & distributor The Abbeycrest Group offers an unrivalled breadth of services to the global jewellery market.
The Abbeycrest Group
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