yarn news and archive

Südwolle Group acquires majority stakes in Safil and Gruppo Tessile Industriale

German group Südwolle Group, leading yarn producer for pure wool and wool blends apparel, has entered into an agreement to acquire a 100 percent stake in Safil S.p.A. as well as an 80 percent stake in Gruppo Tessile Industriale (GTI) S.p.A. German producer has acquired both stakes in the Italian worsted yarn manufacturers from Finsavio S.p.A.,...

Fashion

Shoppers to pay 10% more for jeans and T-shirts

Shoppers will pay pricey cotton and yarn as almost every retailer is aimed to pass the raw materials cost increase to their customers, in order to content margins. Recession- based discounts and special offers are to be soon disappeared as cotton prices have reached all-time highs, already doubling in the past year. In a collective warning, US...