{"id":25183,"date":"2022-06-26T22:05:04","date_gmt":"2022-06-26T22:05:04","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes"},"modified":"2022-06-26T22:26:02","modified_gmt":"2022-06-26T22:26:02","slug":"malawis-economic-meltdown-crown-fashions-limited-closes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes","title":{"rendered":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17,2022 close down its operations over the economic challenges.<\/p>\n

In a letter addressed to its employees, the company cites among other challenges being huge shortage of forex in the country, devaluation of the Malawi Kwacha to the foreign currency, Fuel Price increase, frequent power interruption, and an increase in licence fees.<\/p>\n

\u201cWe regret to inform all employees regarding the closure of Crown Fashions Limited Manufacturing operations situated in our plant in Limbe.<\/p>\n

\u201cWe humbly request the concerned government departments comprehensive study about the above situation and help the industry to survive in these conditions,\u201d reads a letter in part.<\/p>\n

It adds, \u201cWe have made huge investments in to set up the industry in Malawi and we need full government\u2019s support to continue the operations\u201d. Meanwhile, the company has assured that it will pay all employees\u2019 due payments as stipulated in the Malawi Labour Act.<\/p>\n

Opened its doors in 1975, Crown Fashions Limited offers a large Collection range of fabrics garment apparel suitable for home decoration, women and children\u2019 wear in Malawi.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17,2022 close down its operations over the economic challenges. In a letter addressed to its employees, the company cites among other challenges being huge shortage of forex in the country, devaluation of the Malawi […]<\/p>\n","protected":false},"author":84,"featured_media":25182,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,234],"class_list":["post-25183","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nMalawi\u2019s economic meltdown: Crown Fashions Limited closes - Malawi<\/title>\n<meta name=\"description\" content=\"One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi\u2019s economic meltdown: Crown Fashions Limited closes\" \/>\n<meta property=\"og:description\" content=\"One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-06-26T22:05:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-06-26T22:26:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"539\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi\u2019s economic meltdown: Crown Fashions Limited closes\",\"datePublished\":\"2022-06-26T22:05:04+00:00\",\"dateModified\":\"2022-06-26T22:26:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\"},\"wordCount\":209,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\",\"name\":\"Malawi\u2019s economic meltdown: Crown Fashions Limited closes - Malawi\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg\",\"datePublished\":\"2022-06-26T22:05:04+00:00\",\"dateModified\":\"2022-06-26T22:26:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17 ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg\",\"width\":720,\"height\":539,\"caption\":\"Malawi\u2019s economic meltdown: Crown Fashions Limited closes\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/malawi\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Malawi\u2019s economic meltdown: Crown Fashions Limited closes\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#website\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/\",\"name\":\"Malawi\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes - Malawi","description":"One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17 ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes","og_locale":"en_US","og_type":"article","og_title":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes","og_description":"One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17 ...","og_url":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes","og_site_name":"Malawi","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-06-26T22:05:04+00:00","article_modified_time":"2022-06-26T22:26:02+00:00","og_image":[{"width":720,"height":539,"url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes","datePublished":"2022-06-26T22:05:04+00:00","dateModified":"2022-06-26T22:26:02+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes"},"wordCount":209,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg","keywords":["Africa Press","Africa Press-Malawi","Malawi"],"articleSection":["all news","economy","homepage-english"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes","url":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes","name":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes - Malawi","isPartOf":{"@id":"https:\/\/www.africa-press.net\/malawi\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg","datePublished":"2022-06-26T22:05:04+00:00","dateModified":"2022-06-26T22:26:02+00:00","author":{"@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"One of Malawi\u2019s oldest and largest garment manufacturing companies Crown Fashions Limited says it will on Friday June 17 ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#primaryimage","url":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg","contentUrl":"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/06\/postQueueImg_13-62b8dce1098bb.jpg","width":720,"height":539,"caption":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawis-economic-meltdown-crown-fashions-limited-closes#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/malawi\/"},{"@type":"ListItem","position":2,"name":"Malawi\u2019s economic meltdown: Crown Fashions Limited closes"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/malawi\/#website","url":"https:\/\/www.africa-press.net\/malawi\/","name":"Malawi","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/malawi\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/25183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/comments?post=25183"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/posts\/25183\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media\/25182"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/media?parent=25183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/categories?post=25183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/malawi\/wp-json\/wp\/v2\/tags?post=25183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}