Award-winning Scottish bag manufacturer, Trakke, has announced its closure after 15 years of operation due to the increasing cost of manufacturing in Britain. The Glasgow-based company was known for its handmade, weatherproof bags that came with a lifetime guarantee. Founder Alec Farmer emphasized the company’s commitment to supporting British manufacturing in an ethical and sustainable manner.
### A Closer Look at the Financial Troubles of Rangers
Fresh speculation arose regarding the financial situation of Rangers Football Club following the emergence of details about a new share issue. The club has been facing challenges after a surprising defeat in the Scottish Cup. A recent filing at Companies House revealed the allocation of 18 million new shares, which included bonus shares, in Rangers International Football Club. It remains unclear whether this move was aimed at converting loans into equity or raising additional finances for the club.
### Insight from the Real Estate Market: Sellers’ Dilemma
John Kelly, the managing partner of Corum, a prominent estate agency in West Scotland, shed light on the reluctance of home sellers to accept the highest offer for their properties. With a surge in buyers purchasing homes before selling their existing ones, demand continues to outpace supply significantly. Kelly emphasized the need to evaluate risks associated with higher bids to assess the likelihood of the deal being finalized. In an interview, he expressed astonishment at the current market conditions, citing the scarcity of houses in key areas as the primary driver.
### Golf Tourism in East Lothian: An Economic Engine
David Cockerton and his wife Angela ventured into the golf tourism market in East Lothian after acquiring Garleton Lodge in 2016. Formerly involved in real estate, Cockerton now manages Scotland’s Golf Coast, a marketing alliance representing 25 courses in the region. Garleton Lodge offers stay-and-play golf packages to visitors, following a complete renovation in April 2017. Cockerton believes that golf tourism serves as a vital economic driver in East Lothian, underscoring the importance of the industry in the region’s economy.
In conclusion, the closure of Trakke serves as a reminder of the challenges faced by businesses in the current economic landscape. As Rangers navigate financial uncertainties and home sellers weigh their options, industries like golf tourism continue to thrive, offering opportunities for economic growth and development. The evolving dynamics of these sectors reflect the broader trends shaping the Scottish business landscape.
