Canadian manufacturer and importer of fashion apparel and sportswear Algo Group Inc. has sold some assets of its fashion fabrics business unit in the United States. The proceeds from the sale are being used by the company to repay liabilities. As a result of the sale, the company’s fashion fabrics business unit, comprising Hamil America Inc., as well as the Hamil Textiles division of Tangiers International Ltd., will cease its activities.
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