Le Tanneur to cease US operations
10/09/2001
The French leather goods group Le Tanneur said last week that it is to shut down its US operations.
The company attributed the decision to the continuing economic slowdown in the US which had resulted in far fewer sales than it had hoped for. Launched as recently as December 1999, the US division accounted for only 5.5 per cent of Le Tanneur’s turnover last year. In one sixth month period the division accounted for losses totalling Eur1million ( $903,000).
Share this story:
