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0 0 0.00747491296334218 -0.0477165676838009 -0.0285685029694859 -0.0285685029694859 -0.0331763260290805 -0.0885725988122055
Stock impact report

Bankruptcy Possible For Delta Apparel [Yahoo! Finance]

Delta Apparel, Inc. (DLA) 
Company Research Source: Yahoo! Finance
suspend its manufacturing operations in Honduras due to ongoing liquidity challenged, according to a regulatory filing with the Securities and Exchange Commission on Monday. It said the plan follows the “wind-down of the company's manufacturing operations in Mexico earlier this year,” as well as a decision to no longer emphasize Delta Activewear's Global Brands channel. Delta also said its still trying to find a buyer for its El Salvador manufacturing operations, which services the Global Brands channel. More from Sourcing Journal US Default Risk for Fashion Retailers Shows Improvement in May Gildan Inks Private Placement Deal, Vows to Stay in Quebec US Corporate Bankruptcies See April Uptick Delta said the suspension of the Honduras operation will impact 2,413 employees for at least 120 days as it explores options for its offshore manufacturing, which “may include a sale or a permanent wind-down” of operations. Restructuring charges connected to the suspension are expected Show less Read more
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