Bleeding fashion house faces US$1m financial black hole
The move aims to rescue three of the company’s major brands — Truworths, Topics Stores, and Number 1 Stores — as well as its manufacturing arm, Bravette Manufacturing Company.
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At the end of that period, Truworths’ balance sheet revealed that in real terms the company had seen US$1,98 million in the value of its assets being wiped off.
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