Brexit Opens New Doors for UK Converters, Uncertainty Prevails, Clouding Up Clear Picture of Eventual Outcome
LONDON — Brexit, the British departure from the European Union will no doubt have some impact on the UK decorative fabrics business, textile executives indicate in the wake of this historical event. However, nobody surveyed by Fabrics &… Read more.July 28, 2016
Elvin Turns to Tourist Trade to Offset Russian Market Decline
ISTANBUL, Turkey — Elvin, the novelty curtain weaver has found it increasingly difficult to conduct business in Russia due to the sanctions in place according to Canan Sonmez, head of the Board of Directors. Canan’s father, Ahmet Cenan… Read more.July 28, 2016
Valdese Weavers Sells Itself to 1,000 Employees Through ESOP Trust arranged by management and the Shuford Family
VALDESE, North Carolina — Valdese Weavers Inc. has started its second century of business with the sale of the company to its employees. The sale completed in May is called an ESOP, an Employee Stock Ownership Plan that allows each employee… Read more.July 28, 2016
Edmund Bell’s Atherton Sounds Off About Brexit, Sees Reversal
“I am personally hugely disappointed at the thought of the UK exiting the EU,” says John Atherton, Principal of Edmund Bell, Rochdale, UK drapery linings and blackout specialist. “What is particularly disappointing is that certain politicans… Read more.July 28, 2016
David Canovan Expects Retirement in 2018
NOTTINGHAMSHIRE, UK—David Canovan, MD of the Villa Nova brand/division of Romo, one of the largest fabric wholesalers in the world, has announced his retirement in 2018 timed to his 60th birthday. A Romo spokesperson confirmed this fact… Read more.July 26, 2016
Jeffrey Fabrics Sells Out to P/Kaufmann
NEW YORK—P/Kaufmann Inc., the converter has purchased Jeffrey Fabrics Inc., the readymade importer for an undisclosed price. Jeffrey principals Jeffrey Erdheim and Jeffrey Goldman have signed three year employment contracts as part of the… Read more.July 20, 2016
C.F. Stinson Sells Majority Interest to BV Investment Partners
BOSTON, MA. (USA) BV Investment Partners (BV) has purchased a majority interest in C.F. Stinson, a designer and wholesaler of textiles to the commercial interiors industry. BV is a middle-market private equity firm focused on the information,… Read more.June 23, 2016
Newberger Joins Rockland Industries July 1
BALTIMORE, MD (USA)--Deborah Newberger, veteran blackout marketer and one-time converter, will join Rockland Industries Inc. In the new post of Midwest And Special Projects Sales Manager according to Mark Berman, Rockland CEO. "Newberger is… Read more.June 21, 2016
