York Sells Minority Interest to Others, Including Outside Saudi Investors for Undisclosed Price; Kalwani Family Still Controls
DUBAI, UAE — York Furnishings, considered an important wholesaler and importer of better furnishing fabrics in the Middle East and North Africa (MENA) region has sold a minority stake to outside investors. “We would like to officially… Read more.August 7, 2017
Vay Adds Tutti Frutti Flavored Linens to Vanilla Synthetics
COMO, Italy — Vay S.p.A has changed its product strategy to fit the times by offering 100 percent linen instead of only synthetics with three times more product than previously offered according to Giovanni Vaj, principal of this Chieri, Italy… Read more.August 7, 2017
Indian Furnishing Markets Continue to be Subdued in 2017, Though Hopes Aspire for a Better Time Ahead
BANGALORE, India — India Indian furnishing markets already subdued from last 18 months, the trade and suppliers wait and aspire for a better time are ahead. Since mid-2015 the oversupply situation has not improved but has worsened in the year… Read more.August 7, 2017
Penelope’s Tasman Picks Passion Over Money; Boutique Mill Holds its Own in Upholstery World
COMO, Italy — “There are more successful companies than Penelope if the criteria for business is only how much money you generate but our goal was to create a company that is long lasting as opposed to a short term success,” says Murat… Read more.August 7, 2017
Richard Oussoren, Pieter van Acker Purchase Acker Mill
GEMERT, The Netherlands—The acquisition of Johann van den acker by the principal of Raymakers and a sixth generation member of the van den Acker family may lead to coordinated velvet and flat weave collections for the two companies according… Read more.August 7, 2017
Warwick Australia Targets India to Capitalize on Fast Paced India Market; Opens India Based Sales Office, Warehouse
NEW DELHI, India — Warwick Australia has established direct India operations to market its furnishing fabric collections based on India’s high emerging market potential says Cameron Warwick, Warwick Joint Managing Director. He timed the… Read more.August 7, 2017
Mitloedi Is Considered the ‘Printers’ Printer
MITLEID/GLARUS, CH—Mitloedi Textildruck AG is known as a printers’ printer as it offers low minimums, as little as 60 meters, high quality work, and techniques that few if any other printers can offer according to Mitloedi customers--editeurs… Read more.August 7, 2017
Crypton® Names New VP of Marketing
Bloomfield Hills, Michigan — July 10, 2017 – The Crypton Companies has hired Matt Targett as Vice President of Marketing, a new position. He will be based in the company’s Bloomfield Hills office. Targett joins Crypton after 7 years… Read more.August 7, 2017
