Courtaulds Dumps Furnishings, Towels; Walker Greenbank Buys Standfast, Weavestyle

London - The large British-based clothing and fabrics group Courtaulds Textiles plc has sold its furnishing fabrics and towels businesses. The Standfast and Weave-style jacquard woven and commission-printed furnishings operations have been sold to a wholly owned subsidiary of Walker Greenbank plc for $13.6 million. The Christy towels business, based in Hyde, Cheshire, is to be sold to a management...