|
Cone, Majestic deal seen as lift to both. (Cone Mills Corp., Majestic Mills Inc.; textile industry)
WWD
|
January 18, 1994|
|
COPYRIGHT 1994 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
(Hide copyright information)
Copyright
|
NEW YORK -- The acquisition of Cone Mills' apparel corduroy business by Majestic Mills last month should be a good deal for both firms, according to executives from the two companies as well as industry analysts.
The move gets Cone out of apparel corduroy, a business it has been deemphasizing for the past two years, allowing it it put more muscle behind its core business in denim, along with its specialty fabric offerings.
At the same time, it provides an easy expansion route for Majestic, the largest U.S. converter of corduroy fabrics, when for the first ...
|
|
Majestic Mills buys Cone's apparel corduroy business. (Cone Mills Corp.) (Brief Article)
Magazine article from: WWD
; ...the corduroy apparel fabric business of Cone Mills Corp., which will continue to produce...Majestic said it is purchasing all of Cone's inventory of finished corduroy production...corduroy bookings. In addition, Majestic and Cone have entered into a partnership whereby...
|
|
Cone slashes corduroy biz. (Cones Mills Corp. to cut back on corduroy manufacturing)
Magazine article from: Daily News Record
; ...discontinuing nine other Cone corduroy operations...stay in the corduroy business in a smaller...reaction to the Cone decision, told...We are in the corduroy business to stay. We...percent of the corduroy business before Cone's cutback...
|
|
|
Cone slashing corduroy output. (Cone Mills) (Brief Article)
Magazine article from: WWD
; ...discontinuing nine other Cone corduroy operations...stay in the corduroy business in a smaller...reaction to the Cone move, Arthur...We are in the corduroy business to stay...percent of the corduroy business before Cone's cutback...
|
|
|
Majestic buys Cone's apparel corduroy biz. (Majestic Mills Inc., Cone Mills Corp.)
Magazine article from: Daily News Record
; ...Majestic was founded in 1922 and Cone in 1891. Until 1992, Cone was the largest corduroy producer...withdrawal from the continuous dyed corduroy business," citing a 84 percent decline...cutback, J. Patrick Danahey, Cone president/CEO, said Cone...
|
|
|
Textile report: Cone Mills Corp. thrives at 101. (years old)
Magazine article from: WWD
; ...the firm has ever had, said Cone has been able to thrive in...are difficult at best." "Cone is doing well primarily because...phasing out of its commodity corduroy business. "The big question however...part does denim play in the Cone scenario? Of its $633 million...
|
|
|
Cone Mills banks on high tech, modernization to solve woes.
Magazine article from: WWD
; ...However, Vetack pointed out, Cone is striding forward with increased...morning press conference at Cone Mills Marketing Co.'s headquarters...executives who gave outlooks on Cone's spring in 1985 fabric lines...corduroy. While basic denim and corduroy business remains in a lull, fashion...
|
|
|
Cone Mills plans public offering.
Magazine article from: Daily News Record
; ...additional 900,000 shares. Cone Mills said it expects the offering...offering comes just weeks after Cone, the nation's largest manufacturer...it is sharply curtailing its corduroy business. At the time, Cone president, J. Patrick Danahy...
|
|
|
Cone Mills earnings skyrocket in period. (Brief Article)
Magazine article from: Daily News Record
; ...million from $633 million. Cone Mills said that denim and flannel...operations. At the end of the year, Cone Mill's long-term debt stood...discontinued operations reflect Cone's decision to exit the commodity corduroy business.
|
|
|
Denim and flannel shirtings boost Cone profits in quarter and year. (Cone Mills Corp.) (Brief Article)
Magazine article from: WWD
; ...million from $633 million. Cone Mills said denim and flannel...from discontinued operations. Cone completed its initial public...discontinued operations reflect Cone's dicision to exit the commodity corduroy business.
|
|
|
Mills see pickup in corduroy biz. (textile fabric mills)
Magazine article from: Daily News Record
; ...executive vice-president at Cone Mills, the biggest producer...be "the first year the corduroy business has really turned up since...our overall men's wear corduroy business up this year by 30 percent...s sportswear customers' corduroy business is up. Corduroy has become...
|
Find more facts and information related to the
article "Cone, Majestic deal seen as lift to both. (Cone ..."
