Silk purses out of sows' ears

Article Abstract:

The formation of the Mayfield Yarns company in Britain is described. Mayfield was formed by John Corrin, Derek Wood, and Geoffrey Wilshaw, who purchased textile mills for 400,000 pounds sterling from their former employer, ICI Fibres, by mortgaging their homes. The career backgrounds of these three men are discussed, as is the almost immediate purchase of British Furtex of Luddenden Foot Mills by Mayfield Yarns (following Mayfield's formation), and the more recent acquisition of S. Redmayne and Sons (Plastics) Ltd. by Mayfield Yarns. The company profile ends with the description of Allied Textile's affiliation with Mayfield Yarns, a result of Allied's payment of 10 million pounds sterling in cash and stock to Mayfield's three corporate executives.

TEXTILE MILL PRODUCTS, Case studies, Mergers, acquisitions and divestments, Acquisitions and mergers, Investments, Corporate reorganizations, Textile industry, Business success, Great Britain, Corrin, John, Wood, Derek, Wilshaw, Geoffrey, Imperial Chemical Industries PLC. Fibers Div., Mayfield Yarns

---

Margin is king

Article Abstract:

Alexon Group PLC has gone through a management buyout, adopted a business strategy that put an end to the operations of several loss-generating concessions while increasing margins and reducing overheads, acquired two brand lines of women's apparel, and demerged from Claremont Garments to come out as a successful women's clothing manufacturer and retailer in the UK. Its decision to separate itself from its Marks & Spencer supplier of clothing was based on the company's decision to improve its retailing arm and on the company's poor price earnings ratio in the stock market. Alexon's success can be attributed to a management structure characterized by high incentives and the company's strong profits.

Women's and Misses' Outerwear, Women's clothing stores, Clothing industry, Alexon Group PLC

---

Similar abstracts:

• Abstracts: Mission impossible. In the best position for a buyout. Employees share in success
• Abstracts: New tax on excess distributions from retirement plans requires revised planning. Allowable contribution to a defined contribution Keogh plan clarified by new law
• Abstracts: Taming a tough profession. Part of his clients' lives. A means to good communication
• Abstracts: Internal control over the treasury function. Accounting for treasury hedging activities
• Abstracts: CPA tax questions. part 2

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.