Ajay Singh Successful Bidder for India’s Eastern Silk Industries
DUBAI, UAE — Ajay Bikram Singh, owner of Baumann Dekor in Gmund, Austria, was the successful bidder this past February for purchasing Kolkata, India based Eastern Silk Industries Ltd. (ESIL) at a bankruptcy sale. It should be stated clearly… Read more.September 5, 2024
Villa d'Este, Group Buys Como’s Miralago Hotel
After Fifty Year Ownership by Ambrosini Family
COMO, IT—The four-star Cernobbio hotel has been in the hands of the Ambrosini family for fifty years and will now be renovated by new owners, the Villa d’Este Group. Visitors to Proposte in 2025 may not be able to stay at the hotel due to… Read more.September 4, 2024
Lewis Joins Beaumont
Chorley, Lancashire, UK—Andrew Lewis has succeeded Matthew Crew as Managing Director of Beaumont Textiles here. Crew held this post since 2019. Prior to joining Beaumont, Crew was managing director of Crowson Fabrics Ltd. for almost 16 years,… Read more.September 3, 2024
Swavelle Creative Director Michael Day Joins Topteks and Penelope
JERSEY CITY, NJ—Effective July 1. Michael Day, 30-year Swavelle veteran has joined Topteks, an Istanbul, Turkiye based converter and Penelope, the Turkish Mill in Bursa, Turkiye as Creative Director. He will be based in the design studio… Read more.July 30, 2024
Hunsberger Named Culp President
HIGH POINT, N.C. Culp, Inc. (NYSE: CULP) (together with its consolidated subsidiaries, “CULP”) today announced that its board of directors has named Mary Beth Hunsberger as President of Culp Upholstery Fabrics, effective July 27, 2024. Her… Read more.July 23, 2024
Joanne Hovesen Passes
TORONTO, CA — “It is with deep and profound sorrow that we announce the passing of the matriarch of our family— Joanne Hovesen,” said a joint statement from her daughters Kim and Shelley and their father Bernard Hovesen. The Hovesen… Read more.July 18, 2024
Belgium’s Calcutta/Annabel Closes, Seeks Buyer to Save 80 Mill Jobs
EVERGEM, BE—Calcutta, the oldest textile company in Belgium, (176 years in business) and Annabel closed its doors in June and filed for bankruptcy. The action to close was taken in the face of a sudden drop in orders, and a sharp increase… Read more.July 17, 2024
