Home / Knowledge / News / Apparel/Garments / Latvian corsetry maker acquires Estonian Linette
Latvian corsetry maker acquires Estonian Linette
May '13
New Rosme, one of the leading companies in corsetry production in the Baltic market, has bought lingerie manufacturer Linette, which owns a chain of eight stores in Estonia.
Post-acquisition, New Rosme expects its annual sales to jump by 25.4 percent, Baltic Course reported quoting New Rosme chairman Edgars Stelmahers.
By acquiring Linette, New Rosme will be able to increase its sales and become the leading lingerie producer in the Baltic region, said Stelmahers.
He added that despite resource consolidation measures, the functions of New Rosme and Linette would be kept separate and most employees would continue working as usual.
Established in 1952 in Latvian capital of Riga, New Rosme currently exports 95 percent of its production, which includes corsetry, lingerie and swimwear.
Linette was founded in 1940 and the company ships its products to Russia, Latvia, France, the UK, the US and Scandinavian countries.

Fibre2fashion News Desk - India

Must ReadView All

(left to right) Rohit Munjal, Ashok  Shah, Rahul Mehta, Premal Udani, Rajesh Masand and Jayesh  Shah

Textiles | On 28th Jun 2017

CMAI to host 822 exhibitors at 65th National Garment Fair

The Clothing Manufacturers Association of India (CMAI) will host over ...

Textiles | On 27th Jun 2017

Govt defers tax deduction at source provision under GST

E-commerce players in India will not be required to deduct tax on...

Apparel/Garments | On 27th Jun 2017

Future Group aims Rs 12,000 crore in fashion business

Future Group, which runs retail stores across India under various...

Interviews View All

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
July 2017

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search