The denim unit of the UCO appears to have shut down resulting in a loss of more than 350 jobs . It was a part of the Raymond UCO denim. The two companies had merged their denim operations in 2006 with headquarters in Belgium and forming a combined entity manufacturing about 80 million metres of denim. Raymond has been suffering huge losses on its denim operations for the last few quarters. In the last financial year, the losses to the … Continue reading Raymond denim to be sold after UCO denim unit shutting out?