TSG Commences Chapter 11 to Restructure Finances
NORTH WALES, Pennsylvania - TSG Incorporated, innovators in fabric finishing, announced that it filed a voluntary petition for relief under Chapter 11 in the United States Bankruptcy Court on November 29th. In order to maintain day-to-day… Read more.December 2, 2009
Upholstery Icon Passes Away
F. Naomi Taylor, founder of Douglass Industries and Absecon Mills, passed away November 12th, 2009 after a brief hospitalization. Mrs. Taylor and her husband, Howard (who predeceased her in 1991), started a weaving mill in Pleasantville… Read more.November 23, 2009
Sullivan Back in the Saddle Again at American Silk
GREENWICH, Connecticut - American Silk Mills expects to survive doing less business than before but still expects to grow 10 to 12 percent over the next five years, according to John Sullivan, the 'new' CEO. Sullivan is the seventh generation… Read more.November 19, 2009
Covington Business Makes Turnaround Under Kahan Family Ownership
HIGH POINT, North Carolina - The Kahan family ownership of Covington Fabrics has reported a turnaround scenario in business after 18 months. Starting with a major line introduction last December, Covington followed the collection with another… Read more.November 19, 2009
Grogan Cranks Benartex Decorative Fabrics Line
NEW YORK, New York - Joe Grogan is heading up the new home decorative fabrics converting division of Benartex Inc., which is expected to produce $5 to $7 million in sales within a few years for this quilt fabrics converter. Grogan, with 20… Read more.November 19, 2009
Meridian's Good Steers Weave Back to Business
DENVER, Pennsylvania - Weave Corp. expects to reopen its doors and the Denver mill restarted by Nov. 19 according to Margaret Good, president and founder of Meridian Advisors Management, Inc., which has been retained in the operation and sale… Read more.November 18, 2009
Weave Closes Its Doors
NEW YORK, New York - Weave Corp., an important home furnishings fabric and upholstery mill, has closed its doors after five generations of family ownership. Roger Berkley was the current owner but he could not be reached for comment and has… Read more.November 10, 2009
Drapilux Focuses 2010 Efforts on Specialty Fairs
EMSDETTEN, Germany – Curtain fabric producer, Drapilux, a member of the major textile conglomerate, Schmitz-Werke Group, has announced that for the first time in more than 30 years, the company will not exhibit at Heimtextil Frankfurt… Read more.October 30, 2009
