The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Material For Textiles, Apparel, Leather And Related Products Manufacture Of Wearing Apparel 14.3 - Manufacture Of Knitted And Crocheted Apparel
No information on job gains number available
Announcement Date
7 September 2017
Employment effect (start)
1 January 2013
Foreseen end date
1 December 2017
Description
Roy Lowe & Sons is a family-owned company established in 1996 in UK where the company produced socks until 2006. At that time, it decided to offshore and outsource production activities in China, Turkey and India to reduce production costs. In 2013, the company launched a new brand (SockMine) for its lines of technical, sport specific, leisure and work-wear socks; moreover, it decided to leverage on the "Made in UK" label. Therefore, it restarted production activities in its old plant in Sutton in Ashfield. Between 2013 and 2017, the company reshored around 10% of its entire production. Higher product quality, reduction in delivery time, better protection of innovation, and co-location of R&D and production activities were the main reasons for reshoring.
Eurofound (2017), The Sockmine, Reshoring in United Kingdom, factsheet number 38, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/38.
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