Coats news and archive

Coats sales grow, expects full year trading in line with expectations

Following an 8 percent first half increase, Coats Group sales growth in the July to October period improved to 11 percent with accelerating growth in footwear and continued momentum in apparel, partly offset by sustained weakness in performance materials. Commenting on the trading update, David Paja, group chief executive said: “It has been a...

People

Threads manufacturer Coats Group outlines leadership succession plan

Coats Group has announced that its chief executive officer, Rajiv Sharma, will be stepping down from his role and, as such, the threads manufacturer outlined a leadership succession plan. Sharma, who has been with the production company for 14 years, eight of those in the position of group chief executive, is scheduled to exit by the end of...

Business

Coats Group delivers revenue increase of 7 percent

The Coats Group recorded organic revenue growth of 7 percent and reported growth of 4 percent against a weak prior year comparator. The company said in a release that the improving trend was driven by apparel, where revenue was up 14 percent as customer inventories and buying patterns returned to more normalised levels. Footwear also returned to...

Fashion

Manchester Fashion Institute partners with Coats Digital

The Manchester Fashion Institute at Manchester Metropolitan University (MMU) has announced that it has partnered with Coats Digital, the software company of industrial thread manufacturer Coats Group, to help students better understand the fashion value chain. Coats Digital joined forces with the educators of Manchester Metropolitan University...

Business

Thread manufacturer Coats acquires Texon

Industrial thread manufacturer Coats has announced it has acquired Texon for an undisclosed sum. The company, which produces structural components to the global footwear market, has a long heritage, Coats said in a release, and is a proven supplier to leading brands. Centred around sustainable innovation, the manufacturing firm supplies the...

Fashion

Coats launches Better Cotton Initiative certified thread

Coats, the world’s leading manufacturer of sewing thread and needlecraft brands, has launched two new 100 percent cotton products, Tre Cerchi Vero and Tre Cerchi Vero+. The cottons, which can be used for garments from leather jackets to jeans, have been certified by Better Cotton Initiative (BCI) as being made from sustainable raw materials, and...

Video

Video: Coats & Jackets - Fall/Winter 2019-20

FW19/20 Coats & Jackets collections. Source: Youtube, A Fashion

People

Coats names Rajiv Sharma as Executive Director

Coats, leading industrial thread and consumer textile crafts business, is pleased to announce the appointment of Rajiv Sharma, Global CEO, Coats Industrial, as an Executive Director of the Coats Board effective December 1, 2014. Sharma joined Coats in November 2010 to head the industrial division which, under his leadership, has been at the...