Turkish investors eye Serbian workwear producer

A major Serbian workwear producer is likely to find a new owner as two potential buyers are eying the Vranje-based company, according to local media reports.

Yumco is one of the few state-owned companies due to be privatised or liquidated by mid-2016 as part of commitments the country has undertaken under a €1.2bn standby arrangement with the International Monetary Fund.

For the full story, see the March 2016 edition of Textiles Eastern Europe. Not a subscriber? Sign up HERE