Brilliant, which is based in Bulgaria's second-largest city of Plovdiv, is one of the largest apparel manufacturers in the country.
The firm produced around 1.5 million garment units in 2003 and exported all of it to the U.S. and Western European markets.
The bulk of the output was sold to U.S. retail organisation Federated Department Stores Inc., parent of Macy's and Bloomingdale's.
In July 1995, Bulgaria's Privatisation Agency sold 78% in the sewing company to Brillant-Invest for USD 1.823 million in Bulgarian Brady bonds and government bad loan bonds.
Brilliant-Invest, which was formed by six members of the state company's management, was financed through a credit line by local First Investment Bank.
The payment was divided at 10% in cash, 45% in Bulgarian Brady bonds and 45% in domestic bad loans bonds, known as ZUNKs.
Brilliant-Invest pledged to invest some USD 2.07 million in the company within the next five years.
The company reported a decrease in sales in 2009 when the sales income was about BGN 11 million, against BGN 15 million for 2008. According to the anual report of the company, the decrease in the net profit for 2009 is about 21%, comparing to 2008.
ul. Uilyam Gladston 11, et. 1
Sofia; Sofia - city; Postal Code: 1000
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