Fri, 10 Aug 2012 | ADMINISTRATION
Nylon stocking maker Nimbus Sales Ltd has been placed in the hands of administrator Philip Lyon of Mazars as the historic garment falls out of fashion.
Mr Lyon is to manage the affairs of Nimbus Sales Ltd and its sister firm GD (GB) Ltd, which both operated from a factory in Somercotes, Derbyshire.
The business used traditional Reading machines from the Aristoc manufacturing site in Belper to make the old-style stockings. A popular gift from US soldiers to British women during the Second World War, Nimbus’ nylon stockings are sold under the Gio brand.
Nimbus Sales is to continue to run while remaining stocks are sold off, the sister firms will subsequently be wound down.
The undergarment famously had a boom in sales when the war ended in 1945 with customers buying out retailer Macy’s stock of 50,000 pairs within six hours. The introduction of tights in the 1970s has led to a gradual decline in sales of stockings.
Mr Lyon told Insider Media, “It is a sad day. The company simply could not make them for the price people were prepared to pay.”
Premier provider of carpentry and joinery in London and counties, catering to a diverse clientele encompassing luxury and mid-range property developers, main contractors, and discerning private clients.
We are excited to present an opportunity to acquire a leading distributor of decorative door handles, door furniture, and related accessories who benefits from being part of a family manufacturing business.
The successful purchaser will acquire a fast-growing, leading independent recruitment agency, providing temporary, contract, an permanent positions and solutions across various sectors nationwide.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.