Kids clothes maker Oilily in trouble
Wednesday 01 April 2009
Oilily, the maker of colourful clothes for children and women, is in financial difficulties and has asked for court protection from its creditors.
The aim of the move is to give the group more time to find alternative financing, the Telegraaf reports.
Oilily, which changed ownership at the end of last year, employs 625 people worldwide of whom 175 are in the Netherlands.
The company, launched at the beginning of the 1960s, first got into trouble in the late 1990s after failing to adapt to changing fashion tastes.
In an interview with the Parool last month new owner Age Hollander said the group planned to open new shops in the Far East.
© DutchNews.nl
Get the DutchNews.nl newsletter in your mailbox: Click here to subscribe
Readers' comments
Place your comments:
|
Weekend: overcast with some showers, especially on Sunday. Windy on the coast
Apparently Oilily has been making a lot of bad decisions lately. Including plagiarism of a well known portuguese designer: http://www.inhabitots.com/2009/03/26/is-dutch-fashion-house-oilily-guilty-of-imitation/!
By Anna | April 1, 2009 9:38 PM