Home / Knowledge / News / Textiles / Hellenic Fabrics seeks foreign funds
Hellenic Fabrics seeks foreign funds
09
Mar '12
Hellenic Fabrics SA, Greece's only denim producing company and one of Europe's leading denim manufacturers, is seeking new sources of funding to support its working capital as well as to meet financial needs for its development strategy.

The Thessaloniki-based company has turned to potential new investors also from abroad in view of the current unstable economic environment in Greece.

According to Hellenic Fabrics, one of the contacts has shown interest for investing in the company in the form of participation in a future share capital increase.

Hellenic is continuing negotiations with the potential investor, which is represented in Greece by LEAD Finance, in order to have a positive outcome as soon as possible, the company said.

Hellenic Fabrics SA is 100 percent vertically integrated firm with, unique, direct access to own, excellent quality, Greek cotton.

The company is known for the quality and innovations of its denim fabrics. More than 80 percent of Hellenic's sales turnover is in the form of exports, mainly to globally well-known jeans manufacturers.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 22nd Apr 2017

Strong rupee & weak trade to affect textile exporters

Textile and apparel exporters' earnings and EBITDA margins will be...

Textiles | On 22nd Apr 2017

Myntra acquires InLogg

With an aim to strengthen supply chain and logistics, Flipkart-owned...

Textiles | On 22nd Apr 2017

Aditya Birla Group launches new variant Liva Crème

After its successful launch of high quality fabric Liva in 2015,...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Marcel Alberts
Eurofibers

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

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Silvia Venturini Fendi
Fendi s.r.l

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
April 2017

April 2017

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

SUBSCRIBE


Browse Our Archives

GO


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