Honduran Firm buys Nicaragua's Cone Denim Mill
A slightly confusing article in Fiber2Fashion says that Grupo Karim has purchased the assets of Cone Denim. The transaction sounds important as it will create some jobs which were lost when Cone Denim shut down in 2009. But, the details are somewhat confusing.
The Honduran textile firm would take charge of the denim mills, now called Pride Denim Mills, which will create around 600 direct jobs initially, and up to 3,000 jobs when operating at full capacity.