Fruit of the Loom’s woes continue

The phased transfer of the Warren Buffett-owned Fruit of the Loom Irish operation to its lower cost Morocco base has not ended the firm’s problems.

New figures show that losses at the Co Donegal-based Fruit of the Loom International Ltd increased more than 12 fold last year to €31.6m.

Fruit of the Loom is owned by Warren Buffett’s conglomerate, Berkshire Hathaway.