Tuesday, January 27, 2009

Canterbury SA placed into liquidation

A combination of the financial crisis and some serious financial irregularities have nailed Canterbury in South Africa with the business about to be placed into liquidation.

Canterbury SA is represented by Fifth Element Marketing (Pty) Ltd - a clothing design and wholesale business which owns fashion and sportswear supplier Canterbury International SA (Pty) Ltd and surf wear and fashion brand, O'Neill SA.

Canterbury supplies a number of the Super 14 Jerseys as well as the Springbok jerseys.

Initial reports are that the Super 14 teams and the Bok jerseys will be supplied for 2009, but hell it is disappointing to read about something like this... Not the way for SA to kick off its rugby season...

We'll keep you up to date with other developments here but in the mean time please check out the business story here.

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