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Ibex troubles

After a rocky year, Vermont-based Ibex lays off close to half its staff today.

Ibex Outdoor Clothing, maker of high-end wool outdoor apparel, laid off 12 of its 32 Vermont employees today, according to an employee of the company. "The bank is taking over and managing a liquidation process," he said.

CEO Ted Manning was not immediately available for comment. But an employee at the Seattle retail shop confirmed that he had heard the news "and they were all trying to process it."

Read the full story here on SNEWS, the leader in outdoor industry news.

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