LETTER FROM TURKIE - Russian War Push Turkish Mills Towards US Market
Rapidly Rising Costs Create Havoc for Turkish MillsISTANBUL—"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 GrowthPERTH, 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 LeotexHILVARENBEEK, 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
Bruno Named EVP, Culp Home FashionsHIGH 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 InvolvedEVERGEM, 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.