Slimma reports disappointing results

The British clothing manufacturer Slimma has reported a drop in turnover for the year ending 1 October by 9.1% to GBP25.9 million. The results were especially disappointing after an outstanding first half. Pre-tax profit increased from GBP 390,000 to GBP950,000. The company, which included a mail order business, currently exports 21% of production as opposed to 16% in the previous year.

The Slimma brand was established in 1935, derived from the term "slim-mothers". In 1970 the company split in two. One half devoted all its production to retailer Marks & Spencer, whereas the other business continued to focus on all non-Marks & Spencer related activities. In 1977 Slimma was purchased by Tootal Group Limited, but continued to operate independently within the Group. In 1991 the Group was taken over by Viyella Plc and the divisions were renamed Slimma Contract and Slimma Fashion. The company finally went public in 1994.