Crown Fashions Limited, one of Malawi’s oldest garments manufacturing firms is set to be temporally closed on June 17, 2022 due to economic instability in the country.
The move will see over 520 direct and indirect employees of the company lose their jobs.
Crown Fashions Limited group chief executive officer Vijay Kumar in the statement linked the development to the current economic environment but hoped to re-open the company after the economy starts performing well.
Below is the statement;
