Home / Knowledge / News / Textiles / UK's Leeds Group to benefit from low cotton prices
UK's Leeds Group to benefit from low cotton prices
13
Jan '12
Leeds Group Plc, the UK-based company engaged in textile processing, specializing in fabric printing and yarn dyeing, is expecting a better performance owing to recent decline in prices of cotton.

However, the company added that the economic situation still remains grim and customers are buying less fabric than usual this year.

The prices of cotton grew more than 100 percent to reach a record high nearly six months ago. Although the prices have not declined to prior levels, they have declined considerably and the Leeds Group expects this would increase demand and volumes will return to normal.

Hemmers Europe, the Germany-based subsidiary of the Group, saw sales declining by about 20 percent year-on-year during the past few months because of high price of cotton products and less consumer spending.

To preserve margins, Hemmers hiked the sale price of its fabrics and the company was able to post revenues at last year's levels.

In the six months ending November 30, 2011, the revenues of Leeds Group remained flat at £14.7million, while its pre-tax profits surged from £240,000 to £700,000 because of decrease in overhead expense levels and distribution costs.

Leeds Group mainly supplies its fabrics to clothing manufacturers, small wholesalers, German supermarkets and retail outlets.

Fibre2fashion News Desk - India

Must ReadView All

Apparel/Garments | On 27th Mar 2017

NYCEDC announces $51mn package for NYC garment industry

New York City Economic Development Corporation (NYCEDC), in...

Apparel/Garments | On 27th Mar 2017

Fynd raises $500K Series A funding from Venture Catalysts

Fynd, an online to offline (O2O) e-commerce fashion marketplace, has...

Apparel/Garments | On 27th Mar 2017

India's fashion market to touch $30 bn by 2020: Report

The fashion market in India is estimated at $70 billion in 2016, with ...

Interviews View All

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Silvia Venturini Fendi
Fendi s.r.l

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

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search