News

Auditor questions Crocs' viability

19/03/2009

Footwear brand Crocs has revealed in a financial report that its auditors, Deloitte & Touche, have raised doubts about its long-term viability.The company lost $185.1 million last year as revenues fell almost 15% to $721.6 million. This followed very rapid growth in 2007, after which the company increased production capacity, warehouse space and...

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