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View News Category Wise Legal & Govt. Policy Market Intelligence Industry Opinion Market Trends Import / Export Product Focus Production Company Performance Trade Fair Fashion Product Innovations General Editorial Investments Expansion Plans Awards Symposium Retail Technical Textiles Restructuring / Closures Joint Ventures Bilateral Trade Statistics Acquisition Capital Markets Traditional Textiles   Restructuring / Closures   ...more   Ciba finally agrees sale of Textile Effects unit Ciba has agreed to sell its Textile Effects unit for 332 mln sfr in cash and debt to Huntsman Corp. The deal will close in the third quarter, Ciba Specialty Chemicals said. The Swiss group said it will incur an after tax write down charge of around 250 ml...more by Textile Intelligence Tuesday, 21st February 2006View more news from [ Zurich ] [ Switzerland ] Textile workers of Pillowtex to get one last check The bankrupt textile giant Pillowtex Corp. will make one last paycheck to thousands of laid-off workers as per an agreement with creditors, a union official said. The checks will average $2,000 for each worker...more by Textile Intelligence Thursday, 16th February 2006View more news from [ North Carolina ] [ USA ] Sara Lee sells off apparel unit Sara Lee Corporation announced today that it has completed the sale of its branded apparel business in Europe to an affiliate of Sun Capital Partners, Inc., a leading, U.S. private investment firm based in Boca Raton, Fla. The Sun Capital affiliate paid S...more by Textile Intelligence Tuesday, 07th February 2006View more news from [ Chicago ] [ USA ] Clothing company, Saez Merino about to reduce 300 jobs Saez Merino, manufacturing and marketing clothes under brand name Lois, Cimarron, Caroche and Caster, has faced a loss of 14 million Euros last year. This company loss also includes the cost of lying off 542 workers after closure of its four Valencia plan...more by Textile Intelligence Monday, 06th February 2006View more news from [ Valencia ] [ Spain ] Polo Ralph Lauren to Buy Back Polo Jeans License Jones Apparel Group, Inc. announced that it has entered into a definitive stock purchase agreement to sell its Polo Jeans Company business to Polo Ralph Lauren Corporation. The Company and Polo Ralph Lauren Corporation have also entered into a settlement...more by Textile Intelligence Saturday, 28th January 2006View more news from [ Pennsylvania ] [ USA ] Dan River Inc. reduces about 500 jobs Dan River Inc., which was purchased by India-based Gujarat Heavy Chemicals Ltd. (GHCL), in January 2006, has planned to plant staff strength by 500 workers. This is due to closure of a plant in its headquarters city in Danville....more by Textile Intelligence Tuesday, 17th January 2006View more news from [ Danville ] [ USA ] Cashmere garment firm downsizes its staff strength John Laing of Hawick has laid off more than half of its workforce after going into receivership. A 175-year-old textile company, John Laing is one of the country's leading producers of high-quality cashmere garments....more by Textile Intelligence Tuesday, 10th January 2006View more news from [ Scotland ] [ United Kingdom ] Ispat group promoters enters in steel but exit from textiles The promoters of the Ispat group, Mr. Pramod and Vinod, the Mittal Brothers are planning to exit the textiles business. The promoters are likely to shut down their textile business and to focus on steel manufacturing, their core activity. The Ispat group...more by Textile Intelligence Monday, 26th December 2005View more news from [ Mumbai ] [ India ] Textiles at core of Leela recast design The C.P. Krishnan Nair-led Leela group has chalked out a major restructuring plan for the group’s businesses, which involve hospitality, textiles manufacturing and export and infrastructure development. The change involves, among other things, hiving of...more by Textile Ecellence Tuesday, 22nd November 2005View more news from [ Mumbai ] [ India ] Integrated Asset Management Corp. and Integrated Private Debt Corp. Announce $5 Million Financing for Atlantic Yarns Inc. Integrated Private Debt Corp.("IPD"), part of Integrated Asset Management Corp. (TSX VENTURE:IAM) ("IAM"), announced that IPD has provided a $5 million long-term loan to Atlantic Yarns Inc. This financing, in addition to a $24 million financing previousl...more by Textile Intelligence Tuesday, 25th October 2005View more news from [ Toronto ] [ Canada ] Chargeurs plan E19 million outlay additional reorganization measures to help textile businesses counter mass Chinese imports:press release As part of the strategic refocusing of the core business on China and raw material-producing countries, E8 million has been dedicated to completing the withdrawal from European and North America...more by Textile Intelligence Saturday, 22nd October 2005View more news from [ Paris ] [ France ]

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