TITLE

Burlington House in Minor Role as ITG Repositions

AUTHOR(S)
Mammarella, James
PUB. DATE
May 2007
SOURCE
Home Textiles Today;5/7/2007, Vol. 28 Issue 12, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the decline of sales and $50 million loss of International Textile Group (ITG) Inc. in 2006 in the U.S. The executives affirm that the loss is part of their plan which they consider as future investment of ITG. In addition, losses in the first half of 2007 is expected as its expansion projects are completed. The directors plan to sell the Burlington House to decorative and mattress, yarns and package-dyed yarns manufacturers.
ACCESSION #
25009554

 

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