News

Danier Leather files for insolvency

08/02/2016

Canadian retailer Danier Leather has filed for insolvency following its ‘toughest year’. Revenues declined 11% to $126 million and net losses totalled $19.9 million in 2015, but CEO Jeffery Wortsman had said he was confident turnaround plan.   The company is now seeking a buyer after admitting it foresees further losses this year. It said in a...

To continue reading this story, please sign in or register.

Related stories:

Danier Leather looks back on ‘toughest year’ 22/09/2015
Chief finance officer leaves Danier Leather 29/07/2015
Danier Leather to explore sale options after ‘disappointing’ results 11/02/2015
Management shake-up for Danier as sales fall 10% 14/08/2014
‘Disappointing’ revenue dip at Danier Leather 24/04/2014
Bad weather kept customers away, says Danier Leather 03/02/2014
High-end leathergoods boost Danier's figures 24/10/2013
Danier Leather to focus on accessories as sales dip 15/08/2013
Warmer weather impacts Danier sales 16/08/2012

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.