Burlington Posts $800,000 Loss For Jan

Textile giant Burlington Industries Inc registered a loss of nearly $800,000 in January, according to its latest monthly filing with the US bankruptcy court.

The North Carolina-based firm, which this week saw its proposed $579 million sale to Berkshire Hathaway collapse, reported a loss of $797,000 for for the December 29 to January 1 period.

With operations in the US, Mexico and India and a global manufacturing and product development network in Hong Kong, Burlington Inds is a leading producer of soft goods for apparel.