The assets of a Chinese-owned clothing factory in Malta are to be sold by private treaty by UK valuer and asset disposal firm Eddisons.
Leisure Clothing, which manufactured women’s clothing for a range of high-end high street brands including Emporio Armani, Jaeger, Hobbs and Karen Millen, produced 20,000 garments a month at its Maltese factory and had a turnover of 5m Euros. Its Chinese parent company, Chong Qing-based CICET, has ended production at the facility after almost 30 years of operation.
Assets at the Leisure Clothing production plant include hundreds of industrial sewing machines, pressing equipment, CNC laying out tables as well as over 5,000 ladies garments, raw material and a fleet of eight vehicles.
Jason Pinder, Eddisons director of machinery and business assets, said: “Leisure Clothing was a long-established supplier to some of the most prestigious names in fashion and as such all the garment making equipment which we are putting up for sale is of extremely high quality. We are looking for a purchaser for the entire collection or significant parts of it.”
Jason has been a Director and the National Head of machinery and business assets at Eddisons since 1999. With further trade experience prior to his time with Eddisons, he has a total of 30 years’ experience in machinery and business asset disposal and qualified as a member of MRICS in machinery and business assets in 1994.
Starting as a trainee auctioneer in 1985, Jason progressed to an associate directorship with Walker Singleton by the late 80s. Firmly establishing his career over the next decade before joining Eddisons, Jason developed expertise in asset management as well as auctioneering and disposal of all types of plant machinery involving plastics, printing, yellow plant and fabrication.