Coats news and archive

Coats Group completes acquisition of OrthoLite, restructures divisions

Coats Group has announced the completion of its acquisition of footwear materials provider OrthoLite. The UK-based company said the takeover reflected a major milestone in its long-term growth plans, strengthening its existing footwear division through the expansion. With the acquisition, which was valued at 770 million dollars and included...

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Hannah Nichols to replace Jackie Callaway as Coats Group CFO

Coats Group’s chief financial officer Jackie Callaway has decided to leave the company at the conclusion of the AGM on May 21, 2025. Callaway has been with the Group for four and a half years. The company said in a statement Hannah Nichols is expected to join Coats as group chief financial officer designate on April 24, 2025 and will also become...

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Coats sales grow, expects full year trading in line with expectations

Following an 8 percent first half increase, Coats Group sales growth in the July to October period improved to 11 percent with accelerating growth in footwear and continued momentum in apparel, partly offset by sustained weakness in performance materials. Commenting on the trading update, David Paja, group chief executive said: “It has been a...

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Threads manufacturer Coats Group outlines leadership succession plan

Coats Group has announced that its chief executive officer, Rajiv Sharma, will be stepping down from his role and, as such, the threads manufacturer outlined a leadership succession plan. Sharma, who has been with the production company for 14 years, eight of those in the position of group chief executive, is scheduled to exit by the end of...

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Coats Group delivers revenue increase of 7 percent

The Coats Group recorded organic revenue growth of 7 percent and reported growth of 4 percent against a weak prior year comparator. The company said in a release that the improving trend was driven by apparel, where revenue was up 14 percent as customer inventories and buying patterns returned to more normalised levels. Footwear also returned to...

Fashion

Manchester Fashion Institute partners with Coats Digital

The Manchester Fashion Institute at Manchester Metropolitan University (MMU) has announced that it has partnered with Coats Digital, the software company of industrial thread manufacturer Coats Group, to help students better understand the fashion value chain. Coats Digital joined forces with the educators of Manchester Metropolitan University...

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Thread manufacturer Coats acquires Texon

Industrial thread manufacturer Coats has announced it has acquired Texon for an undisclosed sum. The company, which produces structural components to the global footwear market, has a long heritage, Coats said in a release, and is a proven supplier to leading brands. Centred around sustainable innovation, the manufacturing firm supplies the...

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Fashion

Coats launches Better Cotton Initiative certified thread

Coats, the world’s leading manufacturer of sewing thread and needlecraft brands, has launched two new 100 percent cotton products, Tre Cerchi Vero and Tre Cerchi Vero+. The cottons, which can be used for garments from leather jackets to jeans, have been certified by Better Cotton Initiative (BCI) as being made from sustainable raw materials, and...

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Video: Coats & Jackets - Fall/Winter 2019-20

FW19/20 Coats & Jackets collections. Source: Youtube, A Fashion

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Coats appoints non-executive director

Coats plc, the world’s leading industrial thread and consumer textile crafts business, has named David Gosnell as a non-executive director. Gosnell, who has over 30 years’ experience in supply chain and procurement strategy and execution, will join the board from February 19 and will also chair Coats’ Remuneration Committee. In December 2014, he...

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Coats names Rajiv Sharma as Executive Director

Coats, leading industrial thread and consumer textile crafts business, is pleased to announce the appointment of Rajiv Sharma, Global CEO, Coats Industrial, as an Executive Director of the Coats Board effective December 1, 2014. Sharma joined Coats in November 2010 to head the industrial division which, under his leadership, has been at the...

Fashion

Coats celebrates 25 years in Bangladesh

British thread and consumer textile maker Coats plc celebrates 25 years of operating in Bangladesh. To mark the occassion and the company's successfull venture with the AK Khan Group in Bangladesh, which started in October 1989, a gala event took place on 19th October in Dhaka,where the opening of a state-of-the-art zips factory in Chittagong...