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                                                                      EXHIBIT 99

FOR IMMEDIATE RELEASE

Investor and Media Contacts:

Anthony S. Cleberg                  Colleen T. Bauman
Chief Financial Officer             Investor Relations
(248) 340-9090                      (248) 340-7731


                           CHAMPION MANAGEMENT REPORT

Auburn Hills, Michigan, August 8, 2002 -- The following Management Report from
Walter R. Young, Chairman, President and CEO of Champion Enterprises, Inc.
(NYSE: CHB), was posted to Champion's website and sent to interested parties
today.

         With this Management Report, I want to inform you of the restructuring
actions that we are taking to size our operations at a reduced industry demand
level and position ourselves for future profitability.

Restructuring Actions

         The industry, now entering the fourth year of this down cycle,
continues to be affected by tight consumer credit standards and high
repossession levels. We took quick actions in the second quarter to reduce our
retail lots and consolidate a factory, but with continued negative information
about the economy, financing availability for our industry, recent industry
shipments and our incoming order rates, we feel compelled to do more. In this
regard, we have made some tough decisions to help ensure our viability during
the remaining industry downturn and return Champion to the right side of
breakeven. As a result, we are closing or consolidating 64 retail sales centers
(35%) and seven homebuilding facilities (15%) across the country. Employee
reductions are estimated at 1,500 (15%). These additional actions have required
us to reassess our evaluation of goodwill and the deferred tax assets.

         In our third quarter ending September 28, 2002, we expect to record
restructuring and asset impairment charges in the range of $4.21 to $4.41 per
diluted share. These charges include $44 million pretax ($0.55 per diluted
share) for closing costs, $97 million pretax ($1.42 per diluted share) for
retail goodwill impairment and $110 million to $120 million ($2.24 to $2.44 per
diluted share) for deferred tax valuation allowance. The closing costs include
$31 million pretax ($0.39 per diluted share) for non-cash impairment charges.
The resulting cash charges in total are estimated at $13 million pretax ($0.16
per diluted share). These closures and the expected operating losses should
result in a tax refund of greater than $40 million next year.

Retail. After the closures announced today, our retail operations, excluding
closing costs and closed lot operating expenses, are expected to be about
breakeven in the third quarter. Of the total closing-related costs, $15 million
results from retail location closures, including non-cash impairment charges of
$11 million and lease termination and other costs of $4 million. These closures
are estimated to result in annual cost savings of at least $25 million and
inventory reductions of $27 million. Retail closings announced today bring our
store count to 117 locations and the total closed since June 2000 to 196
locations, or 64%.

Manufacturing. We are closing/consolidating seven homebuilding facilities to
improve manufacturing profitability, align capacity with lower industry shipment
levels, and reduce our cost structure. Charges related to manufacturing
consolidations or closings total $29 million, which consist of non-cash
impairment charges of $20 million, additional warranty costs of $4 million, and
other closing costs of $5 million. We have now closed 29 facilities, or 43%,
since mid-1999. Following today's announced closings, 39 homebuilding facilities
remain operational, of which 31 are for our
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traditional distribution channel and 8 for our Genesis operations to builders
and developers.

Corporate. While we have always had relatively low corporate overhead, we are
reducing these expenses by 15%. These reductions, which generate cost savings of
about $4 million annually, are the result of program changes as well as staffing
and pay reductions. Effective immediately, senior management has taken pay cuts
between 10% and 20%.

Summary

         The closing and consolidating of the 64 retail stores, seven
manufacturing plants and our corporate reductions will improve our
profitability, cash flow and financial position. We will continue to search for
additional actions that will further improve our performance. In this regard, we
are studying both retail and manufacturing operations, as well as all aspects of
our businesses, for additional opportunities.

We are disappointed with market conditions and the resulting losses and
impairment charges. We believe that these closings and consolidations are
necessary to return the company to profitability and to keep capacity and
inventories aligned with expected demand.

                                                   Walt

         Champion Enterprises, Inc., headquartered in Auburn Hills, Michigan, is
the industry's leading manufacturer and has produced nearly 1.6 million homes
since the company was founded. Following the closings and consolidations
announced today, the company will operate 39 homebuilding facilities and 117
retail locations. Independent retailers, including 618 Champion Home Center
locations, and approximately 400 builders and developers also sell
Champion-built homes. The company also provides financing for retail buyers of
its homes. Further information can be found at the company's website,
www.championhomes.net.

         This Management Report contains certain statements, including
statements regarding industry forecasts and assessments, expected restructuring
and asset impairment charges, expected tax refund, profitability, cash flow and
financial position improvements, estimated cost savings and inventory
reductions, which could be construed to be forward looking statements within the
meaning of the Securities and Exchange Act of 1934. These statements reflect the
company's views with respect to future plans, events and financial performance.
The company does not undertake any obligation to update the information
contained herein, which speaks only as of the date of this Management Report.
The company has identified certain risk factors which could cause actual results
and plans to differ substantially from those included in the forward looking
statements. These factors are discussed in the company's most recently filed
Form 10-K and other SEC filings, and those discussions regarding risk factors
are incorporated herein by reference.



