Coats Group news and archive

Coats Group acquires OrthoLite for 770 million dollars

British manufacturing firm Coats Group has entered an agreement to acquire OrthoLite Holdings LLC for 770 million dollars. The deal intends to create “a ‘super tier 2’ supplier for footwear components”, while helping Coats expand into the “high growth insole segment”. The transaction, which is expected to close in Q4 2025, was funded through a...

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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...

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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...