Home / Knowledge / News / Apparel/Garments / Cygne Designs gross margins up 20.7%

Cygne Designs gross margins up 20.7%

May '06
New York based leading private label women's career & casual apparel maker Cygne Designs Inc announced results for the year ended January 31, 2006.

For the year ended January 31, 2006, net sales increased 102 percent to $58.4 million compared to $29.0 million for the prior year. $38.4 million of the increase in sales resulted from Cygne's acquisition of the branded and private label business of Diversified Apparel Resources LLC, which was acquired on July 31, 2005.

Gross profit for the year ended January 31, 2006 increased to $12.1 million compared to $3.8 million for the prior year period.

Gross margins increased to 20.7 percent compared to 13.2 percent in the prior year period as a result of higher gross margins on sales stemming from the acquisition for product primarily sourced through a supply agreement with DAR in the period July 31, 2005 through January 31, 2006.

The Company recorded a net loss of $5.4 million or $0.30 on a basic and diluted per share basis for the year ended January 31, 2006 compared to net earnings of $313,000, or $0.03 on a basic and diluted per share basis for the prior year period.

A $5.3 million of the net loss resulted from the amortization of the intangible asset attributable to the acquisition of DAR, amortization of debt discounts on the secured subordinated promissory note and the deferred purchase price, and the impairment of fixed assets located at Cygne's Guatemalan manufacturing facility.

Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Trainers faced immense challenges as most were not tech-savvy

Textile Industry, Head honchos

Textile Industry
Head honchos

Consistency is the first rule of social media

Textile Industry, Head honchos

Textile Industry
Head honchos

Extension of RoSCTL to boost textile exports

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Daniel Odermatt, Ventile

Daniel Odermatt

Ventile is a registered trademark used to brand a special high-quality...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Dave Rousse, INDA

Dave Rousse

INDA, a global association of the nonwoven fabrics industry, has been...

Anju Modi, Label Anju Modi

Anju Modi
Label Anju Modi

Filmfare Award winner for best costume designer,<b> Anju Modi </b>is...

Sunita Shanker, Label Sunita Shanker

Sunita Shanker
Label Sunita Shanker

Inspired by the rich traditional crafts of India, Sunita Shanker’s work is ...

Asmita Marwa, Asmita Marwa Design

Asmita Marwa
Asmita Marwa Design

Indian fashion designer Asmita Marwa has been rated by Vogue as one of the ...

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


Leave your Comments


Sainsbury's Argos Asia Limited
NITI Aayog
Alix Partners
Sportmaster Ltd.
Esprit Europe Services GmbH
IDH – The Sustainable Trade Initiative
Recron Polyester from Reliance Industries Limited
Tommy Hilfiger
Huntsman (Singapore) Pte Ltd
Grasim Industries Limited
Bluestem Global Sourcing Limited
J ;& P Coats
Gokaldas Exports Limited
Gap International Sourcing Limited
Etam Group Strategy Hong Kong Limited
IKEA of Sweden AB
Sateri (Jiujiang) Fiber Co.,Ltd
LC Waikiki
Aramark Uniform ;& Career Apparel, LLC
Guess Europe Sagl,
PVH Corporation
Truetzschler India Private Limited
Landmark Group
Vardhman Textile Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Midas Clothing Limited
Helly Hansen Far East Ltd
Desigual - ABASIC, S.A.
T.T. Limited
Maceton Limited
Varner AS Retail
Amazon China
Rosset ;& Cia Limited
Restoque S.A.
International Textile Manufacturers Federation
Vianney Textil Hogar S.A. De C.V.
Aquarelle Clothing Limited
Green Fibre
John Varvatos
Cat Tuong Real Estate Group Joint Stock Company
Phong Phu international JSC (PPJ)
Reiter India Private Limited
Chori Company Limited
Seasalt Limited
SHAHI Exports Pvt Ltd
H;&M Hennes ;& Mauritz (Far East) Ltd
G-Star Raw C.V.
Arvind Limited
Lululemon Athletica Inc
MAS Active / MAS Kreeda / MAS Bodyline
Benetton Group
Eastman Chemical Company
Hela Clothing Pvt Ltd
Gatsby Africa
Lacoste (Wanchai)
The LYCRA Company Singapore  Pte. Ltd
Sportswear Company Spa
Groz-Beckert East Asia LLP
KAS Direct Sourcing
Boardriders Asia Sourcing Limited
OVS Hong Kong Sourcing Ltd.
Page Industries Limited (Bangalore)
Hirdaramani International Export Private Limited
Under Armour Global Sourcing Ltd
Tchibo GmbH
Brandix Lanka Limited
Tory Burch Hong Kong Ltd
Alison Hayes Romania
Lisa S.P.A.
Calvin Klein
Target Corporation (MN)
The Top Form Brassiere Manufacturing Company Limited
Lenzing Aktiengesellschaft
C;&A Sourcing International Ltd
Chico’ FAS

January 2022

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

Advanced Search