Joann Inc., 829 Store Chain Files Bankruptcy
Expects to Emerge as Private Company
HUDSON, OH—JOANN Inc. (NASDAQ: JOAN) (“JOANN” or the “Company”), has entered into a Transaction Support Agreement (“TSA” or “Agreement”) with a majority of its financial stakeholders and additional industry financing parties… Read more.March 19, 2024
Sangetsu Promotes Yasuda and Kondo
NAGOYA, JAPAN—Sangetsu Corporation, the Japanese powerhouse fabric wholesaler with over $1 billion in sales, will have a changing of the guard come April 1. Shosuke Yasuda, who has been President and CEO for 10 years, will become a director… Read more.February 6, 2024
Trevira CS® Sales Flat Two Years Running, 2022, 2023 But Market Share Was Held
HATTERSHEIM, GERMANY—For Trevira CS flame retardant fibers and filament yarns , “2023 was affected by difficult economic conditions with persistently high raw material and energy prices, increasing competitive pressure, inflation and a lack… Read more.January 30, 2024
Spangler, Consultant, Reinvents Herself Again!
She Designs Fabric Lines for Radiate Textiles
Isle of Palms, SC—When Veteran designer and merchandiser Glenda Soloniuk Spangler resigned from her post as President of Springs Creative Products Group in Rock Hill, South Carolina two years ago, she gave little thought to what she would… Read more.January 26, 2024
Hoftex Group Closes Neutex Weaving; Will Focus On Made-to-Measure Home Textiles
MUENCHBERG, GERMANY – Neutex, a member of the publicly held Hoftex Group is closing its decorative fabrics weaving operations which has been doing business since 1965 according to Joseph Wheeler, Managing Director Sales & Marketing. While… Read more.January 26, 2024
Weavers, Turkiye’s Largest Upholstery Maker Looks for a Buyer
BURSA, TURKIYE—Erciyes Anadolu Holding, based in Kayseri is trying to sell its Weavers upholstery fabric division according to a company spokesperson, F&FI has learned. Weavers is one of the ten largest volume upholstery makers in the world.… Read more.January 26, 2024
Dabedan Acquires Roig Brand
BARCELONA, SPAIN—Dabedan, founded in 1984 as a specialist in flame retardant fabrics purchased Roig, an 80-year-old Spanish company from Oriol Roig last March. Oriol is now the sales manager for Dabedan and Roig is the brand produced by Dabedan. The… Read more.January 25, 2024
Dues® Enjoys Booming Mexico/Caribbean Hotel Market
MAZATLAN, Mexico—In its 25th year of doing business, contract/ hotel specialist Dues is benefiting from a booming market in Mexico, according to owner and Director General Valeriano Suarez S. His wife, Monica Ley is responsible for sales and… Read more.January 22, 2024
