Nextil news and archive

Nextil offloads American subsidiary, Elastic Fabrics

Nueva Expresión Textil, S.A. (Nextil) has said that it has proceeded with the sale of its American subsidiary in a transaction that is expected to generate a pre-tax capital gain of approximately 3.2 million euros. The sale regards the production facilities of Elastic Fabrics of America Inc, located in North Carolina in the US, according to...

Business

Nextil reduces H1 losses by 39.3 percent

European textile group Nextil, owner of brands such as Treiss, EFA, Ritex, Sici93, Playvest, Anna Llop or Dogi, reported first half EBITDA of 2.9 million euros (3.1 million dollars), 4.9 million more over the same period last year, reflecting the upward trend in profitability. The company said in a statement that positive evolution of the...