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...

Member

People

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...

Member

Business

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...

Member

People

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...

Member

Business

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...

Member

Business

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...

Member

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...

Member

Video

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

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