Merlin

The Zimbabwe Asset Management Company (Zamco) says it is ready to disburse a $5 million recapitalisation facility to Merlin once the company is handed over to its shareholders by the judicial manager.
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Textile giant Merlin, which is under resuscitation, has secured a contract to dye 306 tonnes of yarn from a local company.The Bulawayo-based firm, which was placed under judicial management in 2012, is re-opening after one of its creditors…
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Bulawayo based textile firm, Merlin will later this year apply for removal from judicial management once an agreement with an unnamed institutional investor for $30 million capital outlay is reached.The company, which is one of the city’s…
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Bulawayo based textile concern, Merlin has embarked on a gradual re-employment of ex-workers having so far engaged 60 employees from the maintenance department as it re-opens.
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Bulawayo based textile giant, Merlin has re-opened following the implementation of a business rescue strategy involving immediate injection of $2.1 million minimum working capital by one of the firm’s creditors.
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BULAWAYO – Emotions ran high during a Public Policy Hearing organised by Bulawayo Agenda as part of the 6th edition of the Ideas Festival last week when workers who have been laid-off and those who have gone for months without receiving…
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