Retail slump takes toll on Fortei

PUBLISHED : Tuesday, 26 May, 1998, 12:00am
UPDATED : Tuesday, 26 May, 1998, 12:00am

The retail slump took its toll on Fortei Holdings last year, after it posted a net loss of $59.7 million, against a profit of $21.1 million in 1996. Turnover at Fortei, which designs and distributes leisurewear and sportswear under its own name, fell 49.1 per cent to $145.66 million. No final dividend was declared.