50 jobs saved as Leicester manufacturer sold out of administration
Some 50 jobs have been saved at Leicester satchel manufacturer Zatchels after the firm was bought out of administration by its owners - backed by a Chinese investment firm.
Avenue 51 have backed owners Brian Brady and Dean Clarke to buy Zatchels out of administration.
Zatchels had been operating under a company voluntary agreement since April 2016, paying back £10,000 to creditors each month.
The company exports to Japan, Philippines, Australia, Singapore, USA, China, Canada, Russia and Europe and has one retail outlet in Yo... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
