Frederick's Lingerie to Move Operations to the Philippines - Experience DeLux : Your luxury digest blog
Frederick's Lingerie to Move Operations to the Philippines

Frederick's Lingerie

Here's a piece of good news from the manufacturing industry. While other garments manufacturer have cut jobs, luxury lingerie maker Frederick’s of Hollywood Group Inc. announced it will move its manufacturing operations to the Philippines.

In a statement released early this month, executive chair Peter Cole said “an unprecedented negative macroeconomic environment” in the US has “significantly impacted” the company’s first-quarter results.

“In response, we are continuing to reduce operating expenses, primarily through reductions in personnel,” Cole was quoted in the statement as saying.

He added that since Frederick’s merged with its parent FOH Holdings Inc. in January, the company has “terminated approximately 15 percent of our domestic employees [other than store personnel] and have transitioned certain manufacturing support functions previously performed by some of these employees to our facility in the Philippines.”

“This net reduction in workforce has resulted in an annualized net salary savings of approximately $3.8 million.”

Formerly Movie Star Inc., Frederick’s primarily sell women’s intimate apparel and related products under its eponymous brand through more than 130 specialty retail stores in the United States.

It carries the following branded products: Seduction by Frederick’s of Hollywood and the Hollywood Exxtreme Cleavage bra and Original Sex Symbol. It also sells wholesale throughout US and Canada its Cinema Etoile line of intimate apparel.

Frederick’s announcement comes three months after the successive declines in US consumption rates forced local lingerie makers to close down permanently.

Pacita Marcellana of Carina Apparel cited Prima Lingerie Inc., New Waves Apparel Inc., Blue Horizon Logistics & Sourcing Inc. and Sensous Lingerie Inc. as some of these companies.

“Our company, in order to survive and prevent closure of operations, must adopt economic measures. Under the circumstances, our company has no alternative but to embark on a retrenchment program to prevent further losses, which are heavily bleeding financially,” Marcellana, HR manager, said in her letter to retrenched employees in August.

Carina, a locator in the Laguna International and Industrial Park Special Economic Zone, had laid off more than a thousand garments workers.

The wholly owned subsidiary of British Virgin Islands-based Ace Style International Limited manufactures ladies’ undergarments such as bra, camisole, brief, bikini, panties, thongs and T-shirts.

It was one of four companies bought for HK$330 million in July by Hong Kong-based Top Form International Ltd.

Marcellana said the retrenchment was implemented because Carina Apparel “cannot maintain its present number of employees due to lack of orders and the weak market for its products which expectedly, with the present global economic conditions, would continue for a long time.”

She wrote that consumers in the US, the firm’s principal market, “spend their income first in paying home loan mortgages, food and education, with garments as the last priority.”

Frederick’s Cole echoed such view, saying in the statement “[i]n view of the current state of the economy and its anticipated continued impact on consumer spending through the holiday season and beyond, we will continue to operate our business prudently.”


Frederick's Lingerie Via: Businessmirror

23 comments

superiorpaper.net/write-my-paper said... @ March 1, 2013 at 4:04 PM

Transitioned certain manufacturing support functions previously performed by some of these employees to our facility in the Philippines. -

Bestsamplepapers here said... @ March 14, 2013 at 3:51 AM

The modern society is still full of prejudices, which affect the perception of the surrounding world of people. At the same time, they often contribute to the ongoing discrimination, which is one of the main challenges to the democratic society. Competent and reasonable summary must give a hint to people. Thought about using essay blog for college studies is likely to be rewarded in future.

amith said... @ August 14, 2018 at 6:29 PM

hey guys this is my ARTCILE on how to install showbox into your windows 10 PC. Hope this was useful and if you ...

Mark Roger said... @ October 25, 2018 at 12:35 PM

how Box app is not available in Google Play store but there is no need to worry as you can still Download Showbox App 2019 Latest Version From this site.

Unknown said... @ December 18, 2018 at 12:00 AM

tutuapp
TutuApp Apk
tutuapp download
tutuapp Android
Tutu helper

Unknown said... @ December 28, 2018 at 7:23 PM

A publicly heralded army operation in opposition to terrorism inside the Philippines is now shrouded in uncommon secrecy, writes country wide affairs coursework writing services

ray ban repairs said... @ January 7, 2019 at 2:47 PM

It's good article that you have shared and thankful your work for sharing the information. check out the best eyeglasses at framesaver.

Ankita said... @ January 11, 2019 at 1:57 AM

videoderapkdownload

net

geometrydashapkdow

nload com

videoder club
popcorntimeapks net

UK coursework writing services said... @ January 25, 2019 at 3:24 PM

Thank you for sharing high fee and informative article with us. And that i desire you may put up more article.

Unknown said... @ March 11, 2019 at 7:57 PM

I read your article dear. that was very impressive information dear.
http://showboxapk.fun/showbox-for-ios.

http://showboxapk.fun/showbox-for-pc.

Unknown said... @ March 11, 2019 at 7:59 PM

Great post dear. i love your Website. very impressive article also.

http://moviebox.site/moviebox-android.

http://moviebox.site/moviebox-pc.

Unknown said... @ March 18, 2019 at 2:15 AM

Best And super fast application to watch new video streams on your System. Using this official Source(Cinema APK - All Web's Free HD Movies & TV Shows App) to install on any device. use this Guide - Cinemaapk.fun

UK Essay Writing Service said... @ April 9, 2019 at 6:49 PM

Thanks for sharing this post. Essay Writing is demanded help for students pursuing their masters in Law.

fha203kreno said... @ June 12, 2019 at 12:38 AM

Thank you for sharing these detailed about Frederick's Lingerie. .I truly like your post and amazing article. Homestyle Loan

varun said... @ June 13, 2019 at 12:01 PM

Cartoon HD is an online streaming app that allows users to watch and download free Cartoon shows online.
https://www.cartoonhd.org.in/
Cartoon Hd
Cartoon Hd Apk
Cartoon Hd Apk Download
cartoon hd ios

opentechinfo said... @ June 15, 2019 at 7:55 PM

showbox Apk Download
showbox For Android

Ahmad said... @ July 9, 2019 at 4:06 PM


CashFire is the Highest Paying Pay Per Download Network that Provides Monetization Solutions and Content Locking Tools for Online
Trusted PPD Sites
New pay per download sites
pay per Download network

Pakistani Dresses Australia said... @ July 26, 2019 at 8:29 PM

There is a many girls who has interested in Pakistani dresses in Australia. Here is the best way to find your Pakistani dress and buy easily.

IIT Guwahati Notification said... @ November 6, 2019 at 11:35 PM

I think this is an informative post and knowledgeable.

social media marketing services said... @ January 14, 2020 at 5:22 PM

Your article was thorough enough, but I think you have to work on user experience buy a separate domain and increase online traffic, you need any assistance for that let me know, My company provide seo and smm services in karachi Pakistan.

Al-FAHAD IT CONSULTING said... @ July 9, 2020 at 3:44 PM

Zoho Creator is a platform to build custom applications using the online programming language Deluge. Zoho creator is the right fit to build such an application.

Unstitched Lawn said... @ July 9, 2020 at 3:50 PM

We have a huge variety of latest Pakistani unstitched dresses check our latest unstitched Pakistani dresses at our online store www.leftover.pk

technofog said... @ September 27, 2024 at 10:54 PM

Keep your team aligned and projects on track with Zoho Projects. Plan, collaborate, and track your projects with milestones, task lists, and Gantt charts.

Post a Comment