The Lycra Company news and archive

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...

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The Lycra Company launches online customer portal

Apparel solutions organisation The Lycra Company has launched an online portal aimed to encourage brands, retailers and garment makers to connect to a global network of mills. Entitled Lyrca One Online Network Exchange, the platform was developed to efficiently connect retailers with mills and manufacturers in a virtual capacity, enabling users...

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The Lycra Company names new co-CEOs

The Lycra Company has announced the appointment of its chairman Yafu Qiu and chief commercial officer Julien Born as its new co-CEOs. It follows the retirement of David Trerotola, who has been at the helm of the innovative textile company since 2019 following its acquisition by Ruyi Group. He spent 20 years at the business overall. Taking his...

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Fashion

Lycra's first recycled EcoMade fibers earn GRS Certification

Lycra today announced a new certification status for two of its EcoMade fibers.The fiber and technology solutions company has introduced its first lines of spandex made from pre-consumer recycled materials - the EcoMade fibers Type 166E and 162E, which have been certified to the GRS (Global Recycled Standard). Currently produced in Brazil,...

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Lycra opens R&D center in China

The Lycra Company is opening a new research and development laboratory in Nanhai, China, today. Named ‘Advanced Textile Innovation Center’ (ATIC), it is the company’s fourth facility of this kind. The goal is to integrate science with apparel market research in order to help Asian mills, brands and retailers, as well as Western companies with...

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Fashion

Maidenform’s new shapewear introduces Lycra FitSense to US

America’s leading shapewear brand Maidenform, owned by HanesBrands, has teamed up with Lycra for its new ‘Magic Slimming’ collection that features the targeted support of Lycra FitSense technology. The shapewear collection has been designed to offer a targeted, slimming profile without the need for bulky, sewn-in panels, instead the...

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Shandong Ruyi buys Invista's global Lycra business

China’s apparel and textile major Shandong Ruyi has announced the acquisition of Invista’s apparel & advanced textiles business. The purchased portfolio includes Lycra, Lycra HyFit, Lycra T400, L by Lycra, Coolmax, Thermolite, Elaspan, Supplex, Tactel, and Terathane. “We are thrilled to acquire The Lycra Company and will continue to invest in...