Specialist supplier of reuse and recycling services for textiles and footwear Soex is “not bankrupt, but fighting for a chance to survive”, its managing director, Marco de Gier, has said.

Following reports that the German division of the company had filed for administration, Mr de Gier said there was “a solid plan in place”, but that investment is “urgently required” to bring the plan to fruition and save an estimated 300 jobs.

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