LETTER FROM TURKIE - Russian War Push Turkish Mills Towards US Market
Rapidly Rising Costs Create Havoc for Turkish Mills
ISTANBUL—"Due to the Russian-Ukrainian war, the Turkish mill business with Europe has almost halved,” according to Baris Coskun, principal of BSAB Sourcing, a well-known agent for Turkish mills. “Therefore, Turkish mills are more and more… Read more.September 28, 2022
Isle Mill Plans Global Sales Growth
PERTH, Scotland—Isle Mill expects to increase sales of its woolen furnishings fabrics through international sales according to Simon Cotton, chief executive and owner with his wife Clare. Isle Mill is owned by Macnaughton Holdings Ltd. which… Read more.September 27, 2022
Van Herk, Straatman Buy Leotex
HILVARENBEEK, Netherlands—Bjorn van Herk, and Mark Straatman purchased 41 year old Leotex Fabrics on September 1 from Inge Debets, the owner since 2007. Van Herk has been commercial manager since 2018 while Straatman has been the purchasing… Read more.September 20, 2022
Pelusio Heads Richloom Contract
NEW YORK—Lauren Pelusio has been named SVP of Richloom Contract replacing SVP John Ringer who will focus solely on the Richloom Decorative division. “John has been at the helm of Richloom Contract for 12 years and was responsible for the… Read more.September 7, 2022
Bruno Named EVP, Culp Home Fashions
HIGH POINT, NC—Effective September 6, Tommy Bruno has been named Executive Vice President of Culp Home Fashions and is expected to assume the role of President of this division following the retirement of the current President Sandy Brown… Read more.September 6, 2022
Calcutta Group Acquires Annabel Group
Derumeaux’s Remain Involved
EVERGEM, BE—Christof Vermeersch, CEO of the Calcutta Group together with Saffelberg Investments has purchased a majority interest in Annabel Group and Interspinning in Ghent. Vermeersch, who bought the shares of Calcutta in July from a British-Emirate… Read more.August 24, 2022
Thibaut Buys Coraggio
MINNEAPOLIS. MN – New Jersey–based fabric, wallcoverings and furniture brand Thibaut purchased Bellevue, Washington based wholesaler Coraggio on July 13. The terms of the deal were not disclosed but the two brands began talks late last year.… Read more.July 27, 2022
