This assignment presents the analysis of the textile industry in Greece. This paper firstly describes the history and the financial data of the industry both in Greece and abroad, as well as the problems the industry has faced in the recent years and its main players. Then there is an analysis of specific sub-sectors at the request of Grant Thornton. The sub-sectors are: a. Preparation and spinning of cotton fiber, b. Preparation and spinning of other textile fibers, c. Preparation and spinning of wool fiber for the manufacture of woolen-type fibers, and d. Finishing of textiles.
Based on these sub-sectors we have concluded at a list of 39 companies, of which we further analyze their financial statements and financial ratios in order to overall analyze these sub-sectors and to form proposals for restructuring.
