The Lycra Company news and archive

The Lycra Company to exit Chapter 11 with new leadership

The Lycra Company has announced it will complete its financial restructuring process and emerge from Chapter 11 protection on May 20, supported by a new ownership structure, reduced debt and changes to its leadership team. The US-based company said the restructuring will reduce its long-term debt by more than 1.2 billion dollars and provide over...

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The Lycra Company appoints Alistair Williamson as VP of product sustainability

Fibre producer The Lycra Company has appointed Alistair Williamson as vice president of product sustainability, according to a company press release. In this role, he will oversee initiatives that reduce the environmental impact of products, innovations and the company's operations. Williamson has 40 years of experience in the textile fibre and...

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Techtextil and Techprocess 2026: Navigating innovation and the pressure to implement

The two trade fairs, Techtextil and Texprocess, demonstrated the significant innovative potential within the textile industry in Frankfurt am Main last week. Around 1,700 exhibitors from over 100 countries presented new solutions for performance textiles and their processing. At the same time, many discussions highlighted a clear point: while...

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Lycra enters restructuring to eliminate 1.2 billion dollars in debt

US-based fiber and technology provider Lycra has announced a restructuring support agreement (RSA) with a significant majority of its creditors. The move aims to eliminate approximately 1.2 billion dollars of long-term debt and establish a sustainable capital structure to position the firm for long-term financial stability. The RSA has received...

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The LYCRA Company Appoints RADCCO as New Distributor in India

The LYCRA Company, a global leader in innovative and sustainable fiber solutions for the apparel and personal care industries, has named RADCCO as its exclusive distributor in India. The New Delhi-based company succeeds SmarText Solutions and will represent the company’s full product portfolio nationwide, effective February 1. RADCCO is a...

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The Lycra Company opens second production facility in China

US fibre manufacturer The Lycra Company opened its largest spandex factory in the world in the Chinese city of Yinchuan on Friday. “This milestone underscores the company's continued investment in the Chinese market and highlights its strong commitment to building localised supply and distribution networks, as well as promoting advancements in...

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Lycra Company appoints new chief operating officer and executive vice president, product

The Lycra Company is restructuring its leadership team. Robert Johnston has been promoted to chief operating officer (COO), while Doug Kelliher has been appointed executive vice president, product, the company announced on Thursday. Both managers will report directly to CEO Gary Smith. For Johnston, this is a promotion from his previous role as...

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Melissa Riggs promoted to CMO at The Lycra Company

The Lycra Company, fibre and technology solution provider for the apparel industry, has promoted Melissa Riggs, director of marketing, North America to the role of chief marketing officer (CMO). Riggs brings more than two decades of brand-building experience in consumer packaged goods and the apparel and footwear industries to her new role,...

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The Lycra Company now manufactures a fibre made from industrial maize

For The Lycra Company, moving away from petroleum-derived elastane to a bio fibre derived from industrial corn is a complete paradigm shift. For the fashion industry, it's a ray of hope. Particularly from an eco-responsibility point of view, as lycra is present in most contemporary garments. Lycra, a biosourced, patented and renewable fibre,...

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Gary Smith to join as CEO of The Lycra Company

The Lycra Company has appointed Gary Smith as the company’s new chief executive officer, effective November 27, 2023. Smith, the company said in a release, will replace Dean Williams who has served as acting CEO since August. Williams will continue in his role as chief financial officer and assist with the transition. Smith, the company added,...

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The Lycra Company announces new ownership

Textile fibre manufacturer The Lycra Company has announced that a group of financial institutions have gained full control of the company after a series of enforcement actions against its previous owner, Ruyi Textile and Fashion International Group Limited. The group, comprising Lindeman Asia, Lindeman Partners Asset Management, Tor Investment...

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The Lycra Company falls into hands of creditors

The Lycra Company, an elastic textile fibre manufacturer, has fallen into the hands of creditors, according to a new ruling by an Amsterdam court. Initially reported by Dutch publication, the Financial Daily, the creditors involved are hoping to sell Lycra for at least 450 million dollars. The company was acquired by Chinese fashion firm...