Belgium’s Calcutta/Annabel Closes, Seeks Buyer to Save 80 Mill Jobs

EVERGEM, BE—Calcutta, the oldest textile company in Belgium, (176 years in business) and Annabel closed its doors in June and filed for bankruptcy. The action to close was taken in the face of a sudden drop in orders, and a sharp increase in production costs, the company said. Christoph Vermeersch, CEO, Calcutta Home Fashion Group had previously gone on record...