Ibex to cease operations in 2018 - sportstextiles: Lea SportsTextiles

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Ibex to cease operations in 2018

07/12/2017
Outdoor clothing company Ibex has announced it has begun the process of closing down its current business and expects to cease operations in February 2018. 

In November, sporstextiles.com reported that the company had laid off 12 of its employees in Vermont, US. It insisted, however, that there were no plans to shut down its overall operations. 

Earlier in the year, Ibex said it would wind down its sales operations in order to focus on retail. 

In a letter entitled ‘End Of The Trail’, Ibex CEO Ted Manning said the company would “cease operations as we know them sometime in February”. He added that the passion for the brand “is very much alive”.

Related stories:

Local investors express interest in Ibex 20/12/2017
Ibex chief executive rejects talk of company’s demise 13/11/2017
New Ibex body suits will make layering easier 03/04/2017
Ibex to donate products to worthy causes 17/03/2017
OIA urges its members to attend Outdoor Retailer 15/02/2017
Former Smartwool executive joins Ibex 23/09/2016
Ibex partners with clothing refurbishment scheme 28/07/2016
Ibex appoints global production director 14/08/2012

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