Bresan ‘not in business rescue’
Howick, KZN, SA - Despite to the rumours doing the rounds, Bresan Footwear is not in business rescue, but like a lot of businesses in the manufacturing sector, we have been affected by the current state of the South African economy.
Post lockdown, the business climate has changed and while we regained our production levels to pre covid levels in 2021, we lost considerable ground in 2022. This was further compounded by our factory move during December 2022 along with the load shedding plague of 2023.
While the greater part of 2023 has been a struggle, we have finally settled down from our move, but the massive drop in production volume has taken its toll. We were hoping for a better second half of the year, but our order book is way down on previous years.
The current situation has highlighted a number of areas of concern and weakness within our business model, and we are working to rebuild and improve on how we do things. To this end we are looking closely at what we offer and will be making considerable changes to ensure sustainable employment for our staff going forward.
We intend to continue servicing BBF with CMT uppers for as long as they need us while we completely restructure our footwear offering on the fashion side. The economic struggle is real, but we are still in the game and have some exciting plans for 2024.
