P. Kaufmann Inc. acquires high-end editeur Clarence House
BEDFORD HILLS, N.Y. - In May, P. Kaufmann acquired Clarence House, a $25 million plus business. ''We expect that P. Kaufmann will bring us to the next business level through its extraordinary vision, business skills and integrity,'' said CEO… Read more.August 7, 2002
Under Private Ownership, Sunbury Continues Building Niche Businesses
New York - ''We've gone private again,'' said Sunbury Textile Mills president Hank Truslow, Jr. In April, Truslow and five of senior Sunbury employees, partnered with Long Point Capital to complete a management-led buyout of Sunbury Textile… Read more.August 7, 2002
Magni is Ready to Revive Whitehead
Cape Town, South Africa - Stefano Magni''s finish in four hours and 20 minutes at this year''s ''Argus Cycle Tour'' was not his best. But he finished while others didn''t. Two younger men, 33 and 38 years old, both had heart attacks in the 100-degree… Read more.August 7, 2002
Entrepreneur Claas Daun Builds Global Textile Empire
Business Maven Quietly Buys Struggling Companies and Makes Them Profitable South Africa - Loved, feared, hated, admired - Claas Daun, the legendary global textile giant, has built his $1.2 billion turnover empire from scratch by buying companies… Read more.August 7, 2002
American Century Forges Partnership With Chinese Mills
High Point - American Century president David Petrusch projects $100 million in sales within five years spurred by new lines and increased penetration of the furniture industry by fabrics in the $5.95 plus price range. Petrusch also confirmed… Read more.August 7, 2002
Loomcraft Imports Nannucci to Import Wovens
FRANKFURT, Germany - Loomcraft Textiles has formed a new division named Loomcraft International to focus on importing first quality fabrics into the U.S.A., primarily from Italy, under the direction of Franco Nannucci. ''This is the first… Read more.August 7, 2002
Expofil Exhibition Unveils European Constructions
''Furnishings Forum'' Underscores Importance of Materials in New Woven Aesthetic Paris - Although many exhibitors at Expofil, Europe''s leading fibers and yarns shows, also operate in the home furnishings sector, their products had never… Read more.August 6, 2002