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By GlobalDataLast March, a group of savvy investors bought the remains of former struggling Guatemalan denim firm Koramsa – just as the jewel in the crown of the country’s flagship textiles industry had begun to rust under the credit crisis. The move gave genesis to Denimatrix which, according to president and co-founder Carlos Arias, is now making headway in its efforts to become a global heavyweight in jeanswear design.
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By GlobalData