Related Keywords: Karina Textiles, Zimbabwe textile industry
Karina Textiles, one of the Zimbabwe’s leading textile industry and sole manufacturer of knitting yarn, last week auctioned its movable and fixed assets following its liquidation. Theressa Grimel, who is the liquidator, confirmed the High Court’s approval of the liquidation.
It becomes the second largest textile industry player to face closure after David Whitehead was put under judicial management in 2011.
