According to the French Tribune, the French DMC textile group was founded in 1746. It is a group with a history of more than 250 years. Due to its continuous losses for many years, it was also on the brink of bankruptcy due to a decline in the value of the dollar and a decline in purchasing power.

In 2007, the turnover was 145 million euros, down 19% compared to the same period last year.

In the first quarter of this year, its financial situation deteriorated so that wages could not be paid.

To this end, the Commercial Court of Paris will hear its assets and liabilities in early May to find a solution.

The DMC group was reconstituted by three departments in 2002, namely, embroidery special silk thread, sportswear fabrics and Magasins Loisirs et Cr ation, with 1140 employees, 875 of whom are in Alsace.

The production of embroidery special silk thread has been exported to 80 countries in upper Rhine Province, but now it is closed down under the impact of the depreciation of the US dollar and the drop in purchasing power, and cotton and cotton fabrics are also being challenged by Asian suppliers.

The production of group sports casual wear fabric 10% has been moved to Pakistan. At present, the group is negotiating with four subcontractors in Asia, and will choose one of them as an industrial partner, but not to pfer technology to it.

With Miluz as the production base of leisure and creative supplies chain stores, the turnover in 2007 dropped by 11.7%, and the outlook was bleak.