Home / Knowledge / News / Textiles / Coats opens day's trading on London Stock Exchange
Coats opens day's trading on London Stock Exchange
24
Jun '15
Industrial thread and consumer textile crafts marketer Coats Group plc opened the day’s trading on the main market of the London Stock Exchange on June 23, 2015.

“The London Stock Exchange market open ceremony celebrates Coats’ return to the market in the 125th anniversary year of its initial listing on the London Stock Exchange,” a Coats press release informed.

The ceremony was attended by Coats Group chairman, Mike Clasper; CEO Paul Forman and other members of the board, management, employees and advisers.

Mike Clasper said, “Coats is a world class manufacturing business with a rich heritage that dates back to the 1750s.”

“The business has successfully reinvented itself over the last decade in order to meet the changing needs of our customers and consumer demand,” he added.

He further added, “Returning to the market under our own name during the 125th anniversary year of our initial listing on the London Stock Exchange is worthy of celebration.”

After first listing in 1890, and also being a founding member of the FT30 index created in 1935, Coats was taken private in 2003.

In February 2015, GPG Group plc, Coat’s owner, released its preliminary financial results for 2014 which included the announcement that Coats was being established as the standalone, listed entity.

Coats markets industrial thread and consumer textile crafts in more than 70 countries, employing over 20,000 people across six continents and reported revenues of $1.7 billion in 2014.

According to Coats, one in five garments on the planet is held together using Coats’ thread, while more than 100 million car airbags are made using Coats’ thread every year.

Coats produces enough yarn to knit 70 million scarves a year and every three hours makes enough thread to go to the moon and back and is also the second largest global zip manufacturer. (AR)

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: Stone Island

Apparel/Garments | On 25th Jun 2018

Stone Island has mastered ingredient branding: Braind

Italian high-end men's apparel brand Stone Island tops the list of...

Courtesy: Tecnorama

Textiles | On 25th Jun 2018

'Tecnorama automatic dyeing system offers efficiency'

Italy based Tecnorama’s fully-automatic machinery for dispensing...

Courtesy: Lenzing

Textiles | On 25th Jun 2018

Lenzing launches Veocel nonwoven speciality brand

Leading fibre company, the Lenzing Group has unveiled Veocel, the new ...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

C Kamatchisundaram
Voltas

ITME is an occasion not only to receive new leads but also to work on...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Urs Stalder
Sanitized AG

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

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search