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The Casket case

Article Abstract:

Casket is a supplier of bicycles and clothing and saw a drop in clothing sales in 1994 due to mild weather. The company ranks second among UK bicylce suppliers and holds a 25% stake in the market. Demand for bicycles in the UK dropped by 200,000 units to 1.9 million units in 1994 and margins have been hit by major discounters expanding. The company acquired Heidemann, a German cycle firm, in 1993, and Heidemann is expected to report a loss for the 1995-1996 FY following a loss for 1994-1995. Casket's profit is estimated at 250,000 pounds sterling for 1994-1995 compared with 3.6 million pounds for the previous year.

Motorcycle, Bicycle, and Parts Manufacturing, Bicycles, Bicycle industry, Casket PLC

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Brief encounter

Article Abstract:

Martin International is a producer of underwear and knitwear which looks set to improve its performance. The company has reduced its overheads and reorganized operations, focusing on key retailers in Europe and the UK. Profits increased in 1997, due to overseas operations. A new plant in China will further boost overseas growth. The company has reduced its net debt. Martin International's profit is forecast to rise to 3.2 million pounds sterling for 1998, according to Beeson Gregory.

Martin International

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Worthington: more sauce

Article Abstract:

Worthington produces textiles and accessories for garments and has also acquired BS Dollamore which extrudes rubber for hold-up stockings. The market for these stockings is forecast to grow by 7% annually, and the new business complements Worthington's existing products. The company has performed well despite difficult conditions in the UK clothing industry. The company's profit is forecast at 2.7 million pounds sterling for 1996 to 1997.

Worthington

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